Koshinski Asset Management Inc. purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,672 shares of the transportation company’s stock, valued at approximately $259,000.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UAL. Moody National Bank Trust Division boosted its stake in shares of United Airlines by 2.1% in the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after purchasing an additional 98 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in United Airlines by 2.2% in the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after buying an additional 101 shares during the period. Huntington National Bank boosted its stake in United Airlines by 10.8% in the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after acquiring an additional 129 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position 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 valued at $69,000 after acquiring an additional 142 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in United Airlines by 13.0% in the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 189 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at United Airlines
In related news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the sale, the executive vice president now owns 40,012 shares in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction 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 directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.
Wall Street Analysts Forecast Growth
Get Our Latest Analysis on United Airlines
United Airlines Stock Performance
Shares of NASDAQ UAL opened at $103.00 on Friday. The stock has a market capitalization of $33.87 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 0.80 and a beta of 1.44. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The stock has a 50 day moving average price of $98.88 and a 200 day moving average price of $70.51. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79.
United Airlines (NASDAQ:UAL – Get Free Report) last released 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. United Airlines had a net margin of 5.52% and a return on equity of 34.03%. The business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the business earned $2.00 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. Analysts predict that United Airlines Holdings, Inc. will post 12.56 earnings per share for the current fiscal year.
United Airlines announced that its Board of Directors has approved a stock repurchase program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is 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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