Brooklyn Investment Group Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Brooklyn Investment Group acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,023 shares of the transportation company’s stock, valued at approximately $115,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Huntington National Bank grew its stake in United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 129 shares during the last quarter. Farther Finance Advisors LLC grew its stake in United Airlines by 13.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after acquiring an additional 189 shares during the last quarter. Wahed Invest LLC grew its stake in United Airlines by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 192 shares during the last quarter. Commerce Bank boosted its stake in shares of United Airlines by 1.1% during the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after purchasing an additional 196 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its stake in shares of United Airlines by 31.4% during the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after purchasing an additional 222 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 have sold 92,000 shares of company stock worth $8,158,900 over the last 90 days. Company insiders own 0.63% of the company’s stock.

United Airlines Trading Down 0.2 %

NASDAQ UAL opened at $96.35 on Thursday. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $101.60. The company’s 50 day moving average price is $74.07 and its 200 day moving average price is $56.85. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The firm has a market capitalization of $31.69 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.15 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter last year, the firm posted $3.65 earnings per share. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines announced that its board has authorized a share repurchase program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Jefferies Financial Group raised their price target on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Sanford C. Bernstein raised their price target on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. TD Cowen raised their price target on shares of United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Susquehanna raised their price target on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Finally, Bank of America raised their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, United Airlines has a consensus rating of “Moderate Buy” and a consensus price target of $96.15.

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.