One Wealth Advisors LLC Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

One Wealth Advisors LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,091 shares of the transportation company’s stock, valued at approximately $203,000.

A number of other institutional investors have also recently added to or reduced their stakes in UAL. Castle Hook Partners LP lifted its holdings in shares of United Airlines by 176.1% during the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after purchasing an additional 2,707,442 shares during the period. Rubric Capital Management LP acquired a new position in United Airlines during the 3rd quarter worth about $63,486,000. Sanders Capital LLC grew its position in shares of United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after buying an additional 1,040,589 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of United Airlines by 1,492.8% during the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock worth $88,557,000 after acquiring an additional 854,759 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

NASDAQ UAL opened at $104.83 on Tuesday. The company has a market cap of $34.48 billion, a P/E ratio of 11.12, a PEG ratio of 0.69 and a beta of 1.43. The company has a fifty day simple moving average of $100.74 and a 200 day simple moving average of $73.64. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00.

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

United Airlines announced that its Board of Directors has approved a share buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Insider Activity at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the company’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 directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.63% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on UAL shares. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Sanford C. Bernstein increased 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. The Goldman Sachs Group restated a “buy” rating and issued a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. TD Cowen increased their price target on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Finally, Barclays boosted their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $110.20.

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.