2,311 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Bought by Leisure Capital Management

Leisure Capital Management purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, Holdings Channel.com reports. The firm purchased 2,311 shares of the transportation company’s stock, valued at approximately $224,000.

Other institutional investors also recently modified their holdings of the company. Global Trust Asset Management LLC acquired a new stake in United Airlines in the 3rd quarter valued at approximately $29,000. Armstrong Advisory Group Inc. bought a new position in shares of United Airlines during the 3rd quarter worth approximately $36,000. Winch Advisory Services LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at approximately $38,000. Blue Trust Inc. lifted its position 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 worth $43,000 after purchasing an additional 392 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its holdings in United Airlines by 31.4% during the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after purchasing an additional 222 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Susquehanna lifted 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. The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. Raymond James restated an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Morgan Stanley upped their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Melius Research raised shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, United Airlines has a consensus rating of “Buy” and a consensus price target of $110.20.

Insiders Place Their Bets

In other news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was 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 owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of United Airlines stock opened at $105.84 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $34.81 billion, a price-to-earnings ratio of 11.22, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a 50-day simple moving average of $100.74 and a two-hundred day simple moving average of $73.64.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping 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 return on equity of 32.26% and a net margin of 5.52%. The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $2.00 EPS. Analysts forecast that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

United Airlines announced that its Board of Directors has authorized a share repurchase 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 buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually 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.