Baader Bank Aktiengesellschaft Makes New $917,000 Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Baader Bank Aktiengesellschaft bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,449 shares of the transportation company’s stock, valued at approximately $917,000.

Other hedge funds also recently bought and sold shares of the company. State Street Corp boosted its position in shares of United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares during the last quarter. MidWestOne Financial Group Inc. increased its holdings in shares of United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock worth $3,064,000 after purchasing an additional 11,743 shares during the last quarter. Aigen Investment Management LP lifted its position in shares of United Airlines by 87.2% in the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after buying an additional 8,808 shares in the last quarter. Finally, Edgestream Partners L.P. boosted its stake in United Airlines by 293.6% during the third quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company’s stock valued at $2,860,000 after buying an additional 37,389 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 1.8 %

Shares of UAL stock opened at $108.26 on Thursday. The stock’s fifty day moving average price is $99.96 and its 200 day moving average price is $72.34. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.72. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a market cap of $35.60 billion, a price-to-earnings ratio of 11.48, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the firm posted $2.00 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. On average, research analysts expect that United Airlines Holdings, Inc. will post 12.7 earnings per share for the current fiscal year.

United Airlines announced that its Board of Directors has initiated a share buyback program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UAL. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Raymond James reiterated an “outperform” rating and set a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Morgan Stanley boosted their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Citigroup increased their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Melius Research raised United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $110.20.

United Airlines Company Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.