Accelerate Investment Advisors LLC Purchases Shares of 3,033 United Airlines Holdings, Inc. (NASDAQ:UAL)

Accelerate Investment Advisors LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,033 shares of the transportation company’s stock, valued at approximately $295,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Global Trust Asset Management LLC acquired a new stake in shares of United Airlines in the third quarter valued at about $29,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of United Airlines during the second quarter valued at approximately $30,000. Armstrong Advisory Group Inc. acquired a new stake in United Airlines in the 3rd quarter worth about $36,000. Quest Partners LLC increased its holdings in shares of United Airlines by 3,504.8% during the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock worth $37,000 after buying an additional 736 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of United Airlines by 108.6% in the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after acquiring an additional 392 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on UAL. Susquehanna lifted their price target 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. TD Cowen boosted their target price on shares of United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Raymond James lifted their target price on shares of United Airlines from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Finally, Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $106.45.

United Airlines Price Performance

Shares of NASDAQ UAL traded down $3.51 during mid-day trading on Monday, hitting $103.60. 3,717,682 shares of the company’s stock traded hands, compared to its average volume of 6,143,055. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $110.92. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The company’s 50-day moving average is $95.47 and its two-hundred day moving average is $67.35. The company has a market capitalization of $34.07 billion, a P/E ratio of 12.50, a PEG ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same quarter last year, the firm posted $3.65 EPS. On average, equities analysts anticipate that United Airlines Holdings, Inc. will post 10.27 EPS for the current fiscal year.

United Airlines announced that its board has approved a share repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. This represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is owned by company insiders.

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.