Oak Thistle LLC Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Oak Thistle LLC acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 6,006 shares of the transportation company’s stock, valued at approximately $583,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new position in shares of United Airlines during the 3rd quarter worth $29,000. Strategic Investment Solutions Inc. IL acquired a new position in United Airlines in the second quarter valued at $30,000. Armstrong Advisory Group Inc. purchased a new position in United Airlines during the third quarter worth about $36,000. Quest Partners LLC boosted its stake in United Airlines by 3,504.8% in the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock worth $37,000 after buying an additional 736 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after buying an additional 392 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

UAL has been the topic of several research analyst reports. 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 lifted their price target on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Morgan Stanley increased their target price on United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, Susquehanna boosted their price target on United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $106.45.

Insider Activity

In other news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 40,012 shares in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

United Airlines Stock Up 1.1 %

Shares of NASDAQ:UAL opened at $106.11 on Friday. The company has a market capitalization of $34.90 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 0.98 and a beta of 1.44. The company has a 50 day moving average of $96.92 and a two-hundred day moving average of $68.42. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $110.92. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95.

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. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same period last year, the business earned $3.65 EPS. As a group, analysts forecast 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 stock repurchase program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is 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.