Deroy & Devereaux Private Investment Counsel Inc. Takes $218,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 2,250 shares of the transportation company’s stock, valued at approximately $218,000.

Other hedge funds also recently modified their holdings of the company. State Street Corp grew its holdings in shares of 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 acquiring an additional 78,470 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after purchasing an additional 908,558 shares during the period. MidWestOne Financial Group Inc. grew its holdings in United Airlines by 28.0% during the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock worth $3,064,000 after purchasing an additional 11,743 shares during the period. Aigen Investment Management LP grew 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 purchasing an additional 8,808 shares during the period. Finally, Edgestream Partners L.P. grew its holdings 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 worth $2,860,000 after purchasing an additional 37,389 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

NASDAQ UAL opened at $105.84 on Friday. The firm’s fifty day moving average price is $100.74 and its two-hundred day moving average price is $73.27. The stock has a market cap of $34.81 billion, a PE ratio of 11.22, a PEG ratio of 0.71 and a beta of 1.44. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.00 earnings per share. On average, equities analysts expect that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

UAL has been the subject of several research reports. TD Cowen raised their price objective on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Susquehanna raised their price objective on shares of United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. Sanford C. Bernstein raised their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. UBS Group raised their price objective on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Jefferies Financial Group raised their price objective on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. 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. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $110.20.

About United Airlines

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.