R Squared Ltd Makes New Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

R Squared Ltd purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,000 shares of the transportation company’s stock, valued at approximately $97,000.

Other hedge funds also recently modified their holdings of the company. Moody National Bank Trust Division increased its stake in United Airlines by 2.1% during the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after purchasing an additional 98 shares in the last quarter. Diversify Advisory Services LLC increased its position in shares of United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after acquiring an additional 101 shares in the last quarter. Huntington National Bank raised its holdings in shares of United Airlines by 10.8% during the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after acquiring an additional 129 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock valued at $69,000 after acquiring an additional 142 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in United Airlines by 25.0% in the 4th quarter. Blue Trust Inc. now owns 941 shares of the transportation company’s stock worth $91,000 after purchasing an additional 188 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of research reports. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. UBS Group upped their price target on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Barclays lifted their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. TD Cowen increased their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Susquehanna raised their target price on shares of 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $110.20.

Insider Activity at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction dated 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 completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.63% of the stock is currently owned by corporate insiders.

United Airlines Price Performance

NASDAQ:UAL opened at $109.40 on Friday. The firm’s fifty day moving average price is $100.23 and its two-hundred day moving average price is $72.59. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.72. The company has a market cap of $35.98 billion, a P/E ratio of 11.60, a P/E/G ratio of 0.77 and a beta of 1.44. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the business earned $2.00 EPS. United Airlines’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts expect that United Airlines Holdings, Inc. will post 12.7 earnings per share for the current year.

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

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.