Bleakley Financial Group LLC Increases Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Bleakley Financial Group LLC raised its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 293.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,458 shares of the transportation company's stock after buying an additional 17,499 shares during the quarter. Bleakley Financial Group LLC's holdings in United Airlines were worth $2,278,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of UAL. Castle Hook Partners LP lifted its position in United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock worth $242,227,000 after acquiring an additional 2,707,442 shares during the period. Rubric Capital Management LP acquired a new stake in shares of United Airlines during the third quarter worth $63,486,000. Sanders Capital LLC increased its stake in United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock valued at $539,650,000 after buying an additional 1,040,589 shares during the period. Charles Schwab Investment Management Inc. raised its position in United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock worth $177,604,000 after buying an additional 908,558 shares during the last quarter. Finally, SG Americas Securities LLC raised its position in United Airlines by 1,492.8% during the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company's stock worth $88,557,000 after buying an additional 854,759 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Price Performance

Shares of NASDAQ UAL traded down $0.15 during trading on Friday, reaching $109.00. The company had a trading volume of 3,647,282 shares, compared to its average volume of 6,342,504. 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 Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The stock has a 50-day moving average price of $101.63 and a two-hundred day moving average price of $74.95. The stock has a market capitalization of $35.85 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results 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 firm had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.00 EPS. As a group, sell-side analysts predict 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 share repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently commented on UAL. Morgan Stanley raised their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Citigroup increased their target price on United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Sanford C. Bernstein lifted their price target on United Airlines from $68.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Bank of America increased their price objective on United Airlines from $70.00 to $84.00 and gave the stock a "buy" rating in a research report on Thursday, October 17th. Finally, Dbs Bank upgraded shares of United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $110.83.

Insider Buying and Selling at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the business's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the sale, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.63% of the stock is currently owned by insiders.

United Airlines Company 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.