Hara Capital LLC Acquires 11,343 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Hara Capital LLC boosted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 56.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 31,508 shares of the transportation company’s stock after acquiring an additional 11,343 shares during the period. United Airlines accounts for 1.1% of Hara Capital LLC’s portfolio, making the stock its 21st largest position. Hara Capital LLC’s holdings in United Airlines were worth $1,798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fidelis Capital Partners LLC bought a new position in United Airlines during the 1st quarter worth approximately $27,000. Global Trust Asset Management LLC bought a new position in shares of United Airlines during the third quarter worth $29,000. Strategic Investment Solutions Inc. IL bought a new position in shares of United Airlines during the second quarter worth $30,000. Crewe Advisors LLC bought a new stake in shares of United Airlines in the 1st quarter valued at $32,000. Finally, UMB Bank n.a. raised its stake in United Airlines by 59.7% during the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after buying an additional 255 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Down 0.1 %

UAL stock traded down $0.11 during mid-day trading on Thursday, reaching $87.47. The company had a trading volume of 1,218,948 shares, compared to its average volume of 8,540,175. The company has a market capitalization of $28.77 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.92 and a beta of 1.39. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $87.84. The stock has a 50 day simple moving average of $60.67 and a two-hundred day simple moving average of $52.71. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations 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 last year, the business earned $3.65 earnings per share. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current fiscal year.

United Airlines announced that its board has initiated a stock buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction dated 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 directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Morgan Stanley boosted their target price on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Jefferies Financial Group boosted their price objective on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Barclays raised their target price on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, October 16th. Susquehanna increased their price objective on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Finally, TD Cowen upped their target price on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, United Airlines presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

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.