Mill Creek Capital Advisors LLC Invests $258,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Mill Creek Capital Advisors LLC purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,661 shares of the transportation company’s stock, valued at approximately $258,000.

Other large investors have also recently bought and sold shares of the company. Winch Advisory Services LLC bought a new stake in United Airlines in the 4th quarter valued at approximately $38,000. Global Trust Asset Management LLC bought a new position in shares of United Airlines during the 3rd quarter worth approximately $29,000. Armstrong Advisory Group Inc. acquired a new position in shares of United Airlines in the third quarter valued at $36,000. MassMutual Private Wealth & Trust FSB raised 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 valued at $69,000 after acquiring an additional 142 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after buying an additional 392 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Down 2.6 %

Shares of UAL stock opened at $103.31 on Wednesday. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The stock has a 50 day simple moving average of $102.05 and a two-hundred day simple moving average of $76.19. The company has a market cap of $33.98 billion, a P/E ratio of 10.96, a PEG ratio of 0.71 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.00 EPS. Research analysts forecast that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current year.

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

Insider Activity

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the business’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 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

UAL has been the topic of a number of recent analyst reports. Citigroup raised their price target on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Jefferies Financial Group upped 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 target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Susquehanna lifted their price target on shares of United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a report on Tuesday, February 4th. Finally, Morgan Stanley increased their price objective on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $113.88.

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.