Emprise Bank Purchases Shares of 2,522 United Airlines Holdings, Inc. (NASDAQ:UAL)

Emprise Bank acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 2,522 shares of the transportation company’s stock, valued at approximately $245,000.

A number of other institutional investors have also made changes to their positions in UAL. Global Trust Asset Management LLC acquired a new position in United Airlines during the third quarter worth $29,000. Strategic Investment Solutions Inc. IL acquired a new position in United Airlines during the second quarter worth $30,000. Armstrong Advisory Group Inc. acquired a new position in United Airlines during the third quarter worth $36,000. Quest Partners LLC increased its holdings in shares of United Airlines by 3,504.8% in the second quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 736 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings 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 valued at $43,000 after purchasing an additional 392 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Barclays upped their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Citigroup upped their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Susquehanna upped their price target on shares of United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a research note on Tuesday, January 7th. Finally, TD Cowen upped their price objective 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. One 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $106.45.

Insider Buying and Selling

In related news, 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 completion of the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. The trade was a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,000 shares of company stock worth $8,158,900 in the last ninety days. Corporate insiders own 0.63% of the company’s stock.

United Airlines Trading Down 3.7 %

Shares of UAL stock traded down $3.97 during trading hours on Monday, hitting $103.14. 2,265,239 shares of the company were exchanged, compared to its average volume of 5,916,215. The firm has a market cap of $33.92 billion, a P/E ratio of 12.44, a P/E/G ratio of 1.12 and a beta of 1.44. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $110.92. 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 company has a 50 day simple moving average of $95.47 and a two-hundred day simple moving average of $67.35.

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

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

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.