Ameritas Advisory Services LLC Takes $227,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Ameritas Advisory Services LLC acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UALFree Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,337 shares of the transportation company’s stock, valued at approximately $227,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. lifted its stake in shares of United Airlines by 1.7% in the 2nd quarter. Sei Investments Co. now owns 146,621 shares of the transportation company’s stock worth $7,135,000 after acquiring an additional 2,471 shares during the period. Marshall Wace LLP purchased a new position in United Airlines during the second quarter worth about $9,026,000. Dark Forest Capital Management LP lifted its position in United Airlines by 108.9% in the second quarter. Dark Forest Capital Management LP now owns 8,950 shares of the transportation company’s stock valued at $436,000 after purchasing an additional 4,666 shares during the period. Susquehanna Fundamental Investments LLC boosted its holdings in United Airlines by 28.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 236,943 shares of the transportation company’s stock valued at $11,530,000 after purchasing an additional 52,458 shares in the last quarter. Finally, Driehaus Capital Management LLC acquired a new position in United Airlines during the 2nd quarter worth approximately $670,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $105.00 on Friday. The company has a 50-day simple moving average of $99.11 and a 200-day simple moving average of $70.73. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.72. The company has a market cap of $34.53 billion, a PE ratio of 11.13, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00.

United Airlines (NASDAQ:UALGet Free Report) last issued its quarterly 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 return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the firm posted $2.00 EPS. United Airlines’s revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that United Airlines Holdings, Inc. will post 12.7 earnings per share for the current year.

United Airlines declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UAL shares. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. JPMorgan Chase & Co. boosted their target price on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. TD Cowen upped their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group raised their price objective on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Finally, Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $110.20.

View Our Latest Research Report on UAL

United Airlines Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

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