SG Americas Securities LLC Purchases 854,759 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

SG Americas Securities LLC raised its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1,492.8% in the fourth quarter, HoldingsChannel reports. The firm owned 912,019 shares of the transportation company’s stock after buying an additional 854,759 shares during the quarter. SG Americas Securities LLC’s holdings in United Airlines were worth $88,557,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the company. Magnus Financial Group LLC bought a new stake in shares of United Airlines during the 4th quarter valued at about $354,000. Global Trust Asset Management LLC grew its stake in shares of United Airlines by 334.0% during the 4th quarter. Global Trust Asset Management LLC now owns 2,170 shares of the transportation company’s stock valued at $211,000 after purchasing an additional 1,670 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of United Airlines by 40.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 29,714 shares of the transportation company’s stock valued at $2,885,000 after purchasing an additional 8,534 shares during the period. Atomi Financial Group Inc. bought a new stake in shares of United Airlines during the 4th quarter valued at about $255,000. Finally, Ballentine Partners LLC bought a new stake in shares of United Airlines during the 4th quarter valued at about $200,000. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Down 2.3 %

Shares of UAL opened at $107.97 on Thursday. The stock has a market capitalization of $35.51 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The business’s 50 day simple moving average is $98.51 and its 200-day simple moving average is $70.24. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data 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. The business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 34.03% and a net margin of 5.52%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 EPS. As a group, equities analysts expect that United Airlines Holdings, Inc. will post 12.56 earnings per share for the current fiscal year.

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

Insider Activity at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the 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 sale, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction on 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 in the company, valued at approximately $6,049,536.88. The trade was 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 insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. boosted their price objective on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Jefferies Financial Group boosted their price objective on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Bank of America boosted their price objective on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Citigroup boosted their price objective on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $106.45.

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.