HighPoint Advisor Group LLC Buys Shares of 6,690 United Airlines Holdings, Inc. (NASDAQ:UAL)

HighPoint Advisor Group LLC purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,690 shares of the transportation company’s stock, valued at approximately $300,000.

A number of other institutional investors also recently modified their holdings of UAL. Venturi Wealth Management LLC boosted its stake in shares of United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 274 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new position in shares of United Airlines during the fourth quarter worth $27,000. Baystate Wealth Management LLC grew its position in United Airlines by 5,820.0% during the 4th quarter. Baystate Wealth Management LLC now owns 1,184 shares of the transportation company’s stock worth $49,000 after acquiring an additional 1,164 shares during the last quarter. Center for Financial Planning Inc. boosted its stake in shares of United Airlines by 1,210.0% during the fourth quarter. Center for Financial Planning Inc. now owns 1,310 shares of the transportation company’s stock valued at $54,000 after purchasing an additional 1,210 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in United Airlines by 112.1% in the 4th quarter. Sound Income Strategies LLC now owns 1,425 shares of the transportation company’s stock valued at $59,000 after buying an additional 753 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Transactions at United Airlines

In related news, EVP Kate Gebo sold 15,000 shares of the company’s stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the sale, the executive vice president now owns 57,512 shares in the company, valued at $2,925,060.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $48.90 on Friday. The firm has a market capitalization of $16.08 billion, a price-to-earnings ratio of 6.04, a PEG ratio of 0.49 and a beta of 1.47. The stock’s 50 day moving average is $51.70 and its 200-day moving average is $45.84. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.53) by $0.38. United Airlines had a net margin of 4.90% and a return on equity of 39.85%. The company had revenue of $12.54 billion for the quarter, compared to analyst estimates of $12.43 billion. Sell-side analysts forecast that United Airlines Holdings, Inc. will post 9.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on UAL shares. Wolfe Research upgraded shares of United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price target on the stock in a report on Friday, May 17th. Raymond James increased their price target on United Airlines from $66.00 to $70.00 and gave the company an “outperform” rating in a research note on Thursday, April 18th. Citigroup lifted their price objective on United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Morgan Stanley increased their target price on shares of United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, UBS Group initiated coverage on shares of United Airlines in a research report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $70.89.

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.