Pacer Advisors Inc. Raises Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Pacer Advisors Inc. raised its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 90.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,592 shares of the transportation company's stock after acquiring an additional 22,080 shares during the period. Pacer Advisors Inc.'s holdings in United Airlines were worth $4,524,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winch Advisory Services LLC bought a new position in United Airlines during the 4th quarter valued at about $38,000. Global Trust Asset Management LLC purchased a new position in shares of United Airlines during the third quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL bought a new position in shares of United Airlines during the second quarter valued at approximately $30,000. Armstrong Advisory Group Inc. purchased a new stake in shares of United Airlines in the third quarter worth approximately $36,000. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in shares of United Airlines by 25.0% during 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. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analysts Set New Price Targets

UAL has been the topic of several research analyst reports. Susquehanna upped their price objective on United Airlines from $85.00 to $120.00 and gave the company a "positive" rating in a research report on Tuesday, January 7th. UBS Group upped their price target on shares of United Airlines from $139.00 to $140.00 and gave the stock a "buy" rating in a report on Tuesday, January 7th. Bank of America boosted their price objective on shares of United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a research report on Thursday, October 17th. Melius Research raised shares of United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. Finally, JPMorgan Chase & Co. boosted their price target on United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a report on Thursday, January 9th. One 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 MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $110.20.

United Airlines Stock Down 3.3 %

United Airlines stock traded down $3.56 during trading hours on Friday, reaching $105.84. The stock had a trading volume of 6,131,711 shares, compared to its average volume of 6,903,784. The company has a market cap of $34.81 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 0.71 and a beta of 1.44. The business's 50 day moving average price is $100.53 and its 200-day moving average price is $72.84. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS 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 during the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. United Airlines's revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

United Airlines announced that its board has approved a stock 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 purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Insider Transactions at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the 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 transaction, the executive vice president now directly owns 63,599 shares of the company's stock, 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 SEC, which is available through this hyperlink. Insiders own 0.63% of the company's stock.

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.