Americana Partners LLC Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Americana Partners LLC purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,185 shares of the transportation company’s stock, valued at approximately $212,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UAL. State Street Corp increased its stake in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after acquiring an additional 78,470 shares during the last quarter. Sanders Capital LLC increased its stake in United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after acquiring an additional 1,040,589 shares during the last quarter. Geode Capital Management LLC increased its stake in United Airlines by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after acquiring an additional 168,498 shares during the last quarter. Castle Hook Partners LP increased its stake in United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after acquiring an additional 2,707,442 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after acquiring an additional 908,558 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were 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 in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UAL. Barclays boosted their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Raymond James reaffirmed an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. UBS Group boosted their target price on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $113.88.

United Airlines Price Performance

UAL stock opened at $103.25 on Wednesday. The firm has a market cap of $33.96 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 0.71 and a beta of 1.43. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The company’s fifty day simple moving average is $102.51 and its 200 day simple moving average is $78.22.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.00 earnings per share. On average, analysts expect that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current year.

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.