Kovack Advisors Inc. Makes New $266,000 Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Kovack Advisors Inc. acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,553 shares of the transportation company’s stock, valued at approximately $266,000.

Several other institutional investors also recently bought and sold shares of the company. Czech National Bank increased its holdings in United Airlines by 0.5% during the 1st quarter. Czech National Bank now owns 57,714 shares of the transportation company’s stock worth $2,763,000 after purchasing an additional 271 shares during the period. Venturi Wealth Management LLC increased its holdings 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 acquiring an additional 274 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of United Airlines by 1.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock valued at $930,000 after acquiring an additional 287 shares during the period. 180 Wealth Advisors LLC increased its holdings in shares of United Airlines by 2.2% in the 1st quarter. 180 Wealth Advisors LLC now owns 13,847 shares of the transportation company’s stock valued at $663,000 after acquiring an additional 304 shares during the period. Finally, tru Independence LLC increased its holdings in shares of United Airlines by 0.3% in the 1st quarter. tru Independence LLC now owns 118,230 shares of the transportation company’s stock valued at $5,661,000 after acquiring an additional 353 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on UAL. Bank of America lifted their price target on United Airlines from $60.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, April 18th. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Citigroup lifted their price target on United Airlines from $80.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Raymond James boosted their target price on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Thursday, April 18th. Finally, Redburn Atlantic upgraded United Airlines from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Thursday, June 6th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and a consensus price target of $70.89.

Insider Activity

In other news, EVP Kate Gebo sold 15,000 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was sold at an average price of $50.86, for a total value of $762,900.00. Following the completion of the transaction, the executive vice president now owns 57,512 shares of the company’s stock, valued at approximately $2,925,060.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.63% of the company’s stock.

United Airlines Stock Performance

Shares of UAL opened at $48.51 on Friday. The stock has a market cap of $15.95 billion, a P/E ratio of 6.00, a P/E/G ratio of 0.48 and a beta of 1.44. The stock has a 50-day moving average of $51.69 and a two-hundred day moving average of $46.31. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. United Airlines Holdings, Inc. has a one year low of $33.68 and a one year high of $58.23.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $0.38. The business had revenue of $12.54 billion during the quarter, compared to analysts’ expectations of $12.43 billion. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. As a group, research analysts predict that United Airlines Holdings, Inc. will post 9.95 EPS for the current year.

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.