Perigon Wealth Management LLC Takes $1.16 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Perigon Wealth Management LLC bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,914 shares of the transportation company's stock, valued at approximately $1,158,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Castle Hook Partners LP boosted its position in shares of 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 purchasing an additional 2,707,442 shares in the last quarter. Rubric Capital Management LP acquired a new stake in shares of United Airlines in the third quarter valued at about $63,486,000. Sanders Capital LLC boosted its holdings in United Airlines by 12.4% during the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock worth $539,650,000 after buying an additional 1,040,589 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in United Airlines by 41.2% during the third 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 period. Finally, SG Americas Securities LLC lifted its position in shares of 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 valued at $88,557,000 after acquiring an additional 854,759 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

Insider Buying and Selling

In other news, EVP Linda P. Jojo sold 60,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group restated a "buy" rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Barclays upped their target price on United Airlines from $75.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. UBS Group raised their price target on United Airlines from $139.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. Raymond James restated an "outperform" rating and issued a $130.00 price objective (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Finally, TD Cowen lifted their price objective on United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average 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 midday trading on Friday, hitting $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 current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The business has a fifty day moving average price of $100.53 and a 200 day moving average price of $72.84. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock has a market cap of $34.81 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.71 and a beta of 1.44.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping 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 firm had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. The firm's revenue was up 7.8% on a year-over-year basis. Research analysts predict that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

United Airlines declared that its board has approved a stock repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's management believes its shares are undervalued.

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.