SYM FINANCIAL Corp Buys Shares of 2,564 United Airlines Holdings, Inc. (NASDAQ:UAL)

SYM FINANCIAL Corp acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,564 shares of the transportation company's stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UAL. Global Trust Asset Management LLC purchased a new position in shares of United Airlines during the 3rd quarter worth approximately $29,000. Armstrong Advisory Group Inc. purchased a new position in United Airlines during the third quarter worth $36,000. Winch Advisory Services LLC acquired a new position in shares of United Airlines in the fourth quarter worth $38,000. Blue Trust Inc. lifted its position in shares of United Airlines by 108.6% in the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company's stock valued at $43,000 after acquiring an additional 392 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its stake in shares of United Airlines by 31.4% during the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company's stock valued at $53,000 after acquiring an additional 222 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Activity

In other news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction dated 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 sale, the executive vice president now directly owns 63,599 shares of the company's stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.63% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on UAL shares. Dbs Bank upgraded shares of United Airlines from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 26th. Morgan Stanley raised their target price on shares of United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Melius Research upgraded United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. Raymond James restated an "outperform" rating and set a $130.00 price objective (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Finally, Jefferies Financial Group upped their target price on United Airlines from $75.00 to $95.00 and gave the company a "buy" rating in a research note on Monday, October 21st. One investment 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's stock. According to MarketBeat.com, United Airlines has an average rating of "Buy" and a consensus price target of $110.20.

United Airlines Stock Performance

NASDAQ:UAL opened at $105.84 on Monday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The firm has a market capitalization 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 company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm's fifty day simple moving average is $100.74 and its 200 day simple moving average is $73.45.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 earnings per share. As a group, equities research analysts expect that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

United Airlines announced that its board has initiated a stock repurchase program on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

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.

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