Oxinas Partners Wealth Management LLC Cuts Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Oxinas Partners Wealth Management LLC lowered its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.0% during the fourth quarter, Holdings Channel reports. The firm owned 48,813 shares of the transportation company’s stock after selling 1,000 shares during the period. United Airlines accounts for about 2.8% of Oxinas Partners Wealth Management LLC’s portfolio, making the stock its 9th largest position. Oxinas Partners Wealth Management LLC’s holdings in United Airlines were worth $4,740,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Global Trust Asset Management LLC bought a new position in United Airlines in the 3rd quarter worth $29,000. Strategic Investment Solutions Inc. IL bought a new position in United Airlines in the 2nd quarter worth $30,000. Armstrong Advisory Group Inc. bought a new position in United Airlines in the 3rd quarter worth $36,000. Winch Advisory Services LLC bought a new position in United Airlines in the 4th quarter worth $38,000. Finally, Blue Trust Inc. raised its holdings in United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after acquiring an additional 392 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

NASDAQ:UAL opened at $110.52 on Wednesday. The firm has a market cap of $36.35 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $110.92. 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’s 50-day moving average price is $98.09 and its two-hundred day moving average price is $69.80.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 earnings per share. On average, equities analysts anticipate that United Airlines Holdings, Inc. will post 10.34 EPS for the current fiscal year.

United Airlines declared that its board has authorized a share buyback plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research analysts recently commented on UAL shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. Sanford C. Bernstein boosted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. boosted their price objective on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. TD Cowen boosted their price objective on shares of United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Raymond James boosted their price objective on shares of United Airlines from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, December 30th. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $106.45.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

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.