Baader Bank Aktiengesellschaft Takes Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Baader Bank Aktiengesellschaft acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,449 shares of the transportation company's stock, valued at approximately $917,000.

A number of other institutional investors and hedge funds have also bought and sold shares of UAL. Global Trust Asset Management LLC bought a new position in United Airlines in the third quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines in the second quarter worth $30,000. Armstrong Advisory Group Inc. purchased a new position in shares of United Airlines in the third quarter valued at $36,000. Winch Advisory Services LLC bought a new stake in United Airlines during the fourth quarter valued at $38,000. Finally, Blue Trust Inc. boosted its stake in United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company's stock valued at $43,000 after buying an additional 392 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Trading Up 0.8 %

Shares of NASDAQ:UAL traded up $0.83 during trading on Thursday, reaching $109.09. The company's stock had a trading volume of 2,332,462 shares, compared to its average volume of 6,848,318. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The firm's 50 day simple moving average is $100.23 and its two-hundred day simple moving average is $72.59. The stock has a market capitalization of $35.88 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results 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 business had revenue of $14.70 billion for 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%. The company's quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the company posted $2.00 earnings per share. On average, research analysts predict that United Airlines Holdings, Inc. will post 12.7 EPS for the current fiscal year.

United Airlines declared that its board has authorized a share buyback program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board believes its stock is undervalued.

Insider Activity at United Airlines

In other 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 sale, the executive vice president now directly owns 63,599 shares of the company's stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on UAL. Dbs Bank raised United Airlines from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. Raymond James reissued an "outperform" rating and issued a $130.00 price target (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. JPMorgan Chase & Co. upped their price objective on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Jefferies Financial Group increased their price target on United Airlines from $75.00 to $95.00 and gave the company a "buy" rating in a report on Monday, October 21st. Finally, Bank of America upped their price objective on United Airlines from $70.00 to $84.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. One equities research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $110.20.

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.