USA Financial Formulas Acquires New Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

USA Financial Formulas acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,506 shares of the transportation company’s stock, valued at approximately $923,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Moody National Bank Trust Division lifted its position in shares of United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after acquiring an additional 98 shares in the last quarter. Huntington National Bank raised its stake in United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 129 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in United Airlines by 13.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 189 shares in the last quarter. Commerce Bank boosted its stake in shares of United Airlines by 1.1% during the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after purchasing an additional 196 shares during the last quarter. Finally, Cromwell Holdings LLC grew its holdings in shares of United Airlines by 31.4% during the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after buying an additional 222 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now directly 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 ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.

United Airlines Stock Performance

NASDAQ:UAL opened at $104.99 on Thursday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $110.92. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.98 and a beta of 1.44. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The firm’s fifty day simple moving average is $96.57 and its 200 day simple moving average is $68.16.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter in the prior year, the business earned $3.65 earnings per share. As a group, equities research analysts expect that United Airlines Holdings, Inc. will post 10.32 earnings per share for the current fiscal year.

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

Analyst Ratings Changes

A number of analysts recently issued reports on UAL shares. Raymond James raised their target price on shares of United Airlines from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. UBS Group raised their price objective on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Citigroup upped their price objective on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $106.45.

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.