3,642 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Purchased by Magnus Financial Group LLC

Magnus Financial Group LLC acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,642 shares of the transportation company’s stock, valued at approximately $354,000.

Several other institutional investors have also added to or reduced their stakes in UAL. Global Trust Asset Management LLC purchased a new stake in shares of United Airlines in the third quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL bought a new position in United Airlines in the 2nd quarter valued at $30,000. Armstrong Advisory Group Inc. purchased a new stake in United Airlines in the third quarter worth $36,000. Winch Advisory Services LLC bought a new stake in shares of United Airlines during the fourth quarter worth $38,000. Finally, Blue Trust Inc. boosted its stake in shares of United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 392 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Down 2.3 %

Shares of United Airlines stock opened at $107.97 on Thursday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The company has a market cap of $35.51 billion, a P/E ratio of 11.45, a PEG ratio of 0.80 and a beta of 1.44. The firm’s 50 day moving average price is $98.51 and its 200-day moving average price is $70.24. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (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 34.03%. The business had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the company earned $2.00 earnings per share. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 12.56 EPS for the current fiscal year.

United Airlines announced that its board has approved a share buyback program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits 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 leadership believes its stock is undervalued.

Insider Buying and Selling at United Airlines

In related news, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value 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 approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Jefferies Financial Group lifted their price target on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Sanford C. Bernstein increased their price objective on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. UBS Group lifted their target price on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Raymond James increased their price target on United Airlines from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. One equities research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $106.45.

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.