Pacific Sage Partners LLC Makes New Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Pacific Sage Partners LLC acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,058 shares of the transportation company's stock, valued at approximately $297,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Trust Asset Management LLC bought a new position in United Airlines in the third quarter worth about $29,000. Armstrong Advisory Group Inc. bought a new position in United Airlines in the third quarter worth about $36,000. Winch Advisory Services LLC bought a new position in United Airlines in the fourth quarter worth about $38,000. Blue Trust Inc. grew its holdings in 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 during the period. Finally, Cromwell Holdings LLC grew its holdings in United Airlines by 31.4% in 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 period. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

UAL traded down $3.56 during trading on Friday, hitting $105.84. The company's stock had a trading volume of 6,131,711 shares, compared to its average volume of 6,395,575. 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 one year low of $37.02 and a one year high of $116.00. The firm has a market cap of $34.81 billion, a PE ratio of 11.22, a P/E/G ratio of 0.71 and a beta of 1.44. The business's 50 day simple moving average is $100.74 and its 200-day simple moving average is $73.45.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the firm earned $2.00 earnings per share. The company's quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts predict that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

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

Analyst Upgrades and Downgrades

UAL has been the topic of a number of recent research reports. Melius Research upgraded shares of United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. The Goldman Sachs Group restated a "buy" rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Barclays upped their price objective on shares of United Airlines from $75.00 to $150.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Susquehanna upped their price objective on shares of United Airlines from $85.00 to $120.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. Finally, Bank of America increased their price target on shares of United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $110.20.

Insider Activity

In other news, EVP Linda P. Jojo sold 60,000 shares of the firm'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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.63% of the company's stock.

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.