R Squared Ltd Takes $97,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

R Squared Ltd purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, Holdings Channel.com reports. The firm purchased 1,000 shares of the transportation company’s stock, valued at approximately $97,000.

Other hedge funds have also added to or reduced their stakes in the company. SteelPeak Wealth LLC boosted its holdings in shares of United Airlines by 54.3% in the 4th quarter. SteelPeak Wealth LLC now owns 5,444 shares of the transportation company’s stock valued at $529,000 after purchasing an additional 1,916 shares in the last quarter. Perigon Wealth Management LLC bought a new stake in shares of United Airlines during the 4th quarter worth $1,158,000. Mount Yale Investment Advisors LLC acquired a new stake in United Airlines in the fourth quarter valued at about $1,081,000. Pacer Advisors Inc. grew its position in United Airlines by 90.1% in the fourth quarter. Pacer Advisors Inc. now owns 46,592 shares of the transportation company’s stock valued at $4,524,000 after acquiring an additional 22,080 shares during the last quarter. Finally, KBC Group NV acquired a new position in United Airlines during the fourth quarter worth about $485,000. 69.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Morgan Stanley lifted their price target on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Bank of America boosted their price objective on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Finally, TD Cowen lifted their price target on United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $110.20.

Insider Activity

In other news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was 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 directly owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.63% of the stock is currently owned by company insiders.

United Airlines Stock Performance

Shares of UAL opened at $109.40 on Friday. The firm’s fifty day simple moving average is $100.23 and its two-hundred day simple moving average is $72.59. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $35.98 billion, a P/E ratio of 11.60, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter last year, the firm posted $2.00 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, analysts predict that United Airlines Holdings, Inc. will post 12.7 EPS for the current year.

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

United Airlines 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.