Burns Matteson Capital Management LLC Invests $636,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Burns Matteson Capital Management LLC acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 6,555 shares of the transportation company’s stock, valued at approximately $636,000.

A number of other hedge funds also recently made changes to their positions in the stock. Moody National Bank Trust Division lifted its position in United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after purchasing an additional 98 shares during the last quarter. Diversify Advisory Services LLC raised its holdings in United Airlines by 2.2% during the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after buying an additional 101 shares during the last quarter. Huntington National Bank boosted its position in United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after buying an additional 129 shares during the period. MassMutual Private Wealth & Trust FSB grew its holdings in United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock worth $69,000 after acquiring an additional 142 shares during the last quarter. Finally, Mather Group LLC. increased its position in shares of United Airlines by 17.8% in the fourth quarter. Mather Group LLC. now owns 1,236 shares of the transportation company’s stock valued at $120,000 after acquiring an additional 187 shares during the period. 69.69% of the stock is owned by institutional investors.

United Airlines Price Performance

NASDAQ UAL opened at $109.00 on Monday. The stock has a market cap of $35.85 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.71 and a beta of 1.43. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The company’s 50 day moving average is $101.87 and its two-hundred day moving average is $75.57. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

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

United Airlines announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction on 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 sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UAL. Raymond James restated an “outperform” rating and set a $130.00 price target (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Sanford C. Bernstein boosted their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Susquehanna raised their price target on United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th. Finally, Citigroup raised their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, United Airlines presently has an average rating of “Buy” and a consensus price target of $113.88.

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.