Strategic Advisors LLC Acquires New Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Strategic Advisors LLC bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 4,500 shares of the transportation company’s stock, valued at approximately $215,000.

Other large investors have also made changes to their positions in the company. JB Capital LLC purchased a new stake in shares of United Airlines during the 4th quarter valued at about $201,000. Benjamin F. Edwards & Company Inc. raised its position in United Airlines by 318.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,778 shares of the transportation company’s stock valued at $74,000 after purchasing an additional 1,353 shares during the period. Jade Capital Advisors LLC bought a new stake in shares of United Airlines in the 4th quarter valued at approximately $7,145,000. Duality Advisers LP purchased a new position in shares of United Airlines in the 4th quarter worth approximately $1,443,000. Finally, International Assets Investment Management LLC increased its position in shares of United Airlines by 3,636.1% during the 4th quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company’s stock valued at $3,393,000 after purchasing an additional 80,030 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Down 2.4 %

Shares of UAL stock traded down $1.15 on Friday, reaching $47.36. 1,344,281 shares of the stock were exchanged, compared to its average volume of 8,919,439. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23. The company has a market capitalization of $15.57 billion, a price-to-earnings ratio of 6.00, a PEG ratio of 0.48 and a beta of 1.44. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. The business’s 50 day moving average price is $51.59 and its 200 day moving average price is $46.33.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.38. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The company had revenue of $12.54 billion during the quarter, compared to the consensus estimate of $12.43 billion. As a group, sell-side analysts expect that United Airlines Holdings, Inc. will post 9.95 earnings per share for the current fiscal year.

Insider Activity at United Airlines

In related news, EVP Kate Gebo sold 15,000 shares of United Airlines stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total value of $762,900.00. Following the sale, the executive vice president now directly owns 57,512 shares in the company, valued at $2,925,060.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.63% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on UAL shares. Bank of America upped their target price on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Morgan Stanley boosted their price target on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Susquehanna lifted their price objective on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, April 18th. Citigroup increased their price target on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Finally, StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.89.

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.