8,200 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Bought by Friedenthal Financial

Friedenthal Financial bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,200 shares of the transportation company’s stock, valued at approximately $796,000.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UAL shares. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. increased their price target on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. Susquehanna lifted their price target on United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Finally, Bank of America upped their price objective on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $106.45.

United Airlines Stock Performance

United Airlines stock traded down $2.40 during midday trading on Monday, hitting $104.71. The company’s stock had a trading volume of 5,494,846 shares, compared to its average volume of 6,247,688. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The company has a market cap of $34.44 billion, a price-to-earnings ratio of 12.63, a PEG ratio of 1.12 and a beta of 1.44. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $110.92. The company has a 50-day moving average price of $95.47 and a two-hundred day moving average price of $67.35.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 4.94% and a return on equity of 30.72%. During the same period in the previous year, the business earned $3.65 earnings per share. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current year.

United Airlines announced that its board has authorized a share repurchase plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Transactions at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,000 shares of company stock valued at $8,158,900. 0.63% of the stock is owned by corporate insiders.

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.