JCIC Asset Management Inc. Grows Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

JCIC Asset Management Inc. boosted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 58.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,885 shares of the transportation company’s stock after purchasing an additional 695 shares during the quarter. JCIC Asset Management Inc.’s holdings in United Airlines were worth $183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Accelerate Investment Advisors LLC purchased a new stake in shares of United Airlines in the 4th quarter valued at $295,000. Moody National Bank Trust Division lifted its position in 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 purchasing an additional 98 shares during the last quarter. Wedmont Private Capital increased its stake in shares of United Airlines by 11.3% in the fourth quarter. Wedmont Private Capital now owns 4,553 shares of the transportation company’s stock worth $488,000 after buying an additional 464 shares during the period. Emprise Bank bought a new stake in United Airlines during the 4th quarter valued at $245,000. Finally, Brookstone Capital Management purchased a new stake in United Airlines during the 4th quarter valued at $243,000. 69.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction that occurred on 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,000 shares of company stock worth $8,158,900 over the last quarter. 0.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Citigroup increased their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. UBS Group increased their price target on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group increased their target price on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Raymond James increased their price target on shares of United Airlines from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Buy” and a consensus target price of $106.45.

United Airlines Stock Performance

NASDAQ:UAL traded down $3.37 during mid-day trading on Monday, reaching $103.74. The company’s stock had a trading volume of 3,840,023 shares, compared to its average volume of 6,158,548. 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 moving average price is $95.47 and its two-hundred day moving average price is $67.35. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $110.92. The stock has a market cap of $34.12 billion, a P/E ratio of 12.51, a PEG ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The company had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter in the prior year, the business earned $3.65 earnings per share. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 10.27 EPS for the current fiscal year.

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

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.