PFG Investments LLC Invests $315,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

PFG Investments LLC acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,244 shares of the transportation company's stock, valued at approximately $315,000.

A number of other institutional investors also recently bought and sold shares of the stock. Global Trust Asset Management LLC acquired a new position in shares of United Airlines in the third quarter valued at about $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines in the second quarter valued at approximately $30,000. Armstrong Advisory Group Inc. acquired a new position in United Airlines in the 3rd quarter worth approximately $36,000. Winch Advisory Services LLC purchased a new position in United Airlines during the 4th quarter worth approximately $38,000. Finally, Blue Trust Inc. lifted its stake in United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company's stock valued at $43,000 after acquiring an additional 392 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Price Performance

NASDAQ:UAL opened at $105.84 on Friday. The stock has a 50 day moving average of $100.53 and a two-hundred day moving average of $72.84. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The firm has a market cap of $34.81 billion, a P/E ratio of 11.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. 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 (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the company earned $2.00 EPS. The firm's revenue was up 7.8% compared to the same quarter last year. On average, analysts expect that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

United Airlines declared that its Board of Directors has authorized a stock repurchase 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 buy up to 7.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the transaction, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.63% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UAL. Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 26th. The Goldman Sachs Group reissued a "buy" rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Jefferies Financial Group raised their target price on United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a report on Monday, October 21st. TD Cowen boosted their price target on United Airlines from $142.00 to $165.00 and gave the company a "buy" rating in a report on Friday, January 24th. Finally, Sanford C. Bernstein raised their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. One equities research 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. According to data from MarketBeat.com, United Airlines presently has a consensus rating of "Buy" and an average price target of $110.20.

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.

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