Caprock Group LLC Purchases Shares of 2,333 United Airlines Holdings, Inc. (NASDAQ:UAL)

Caprock Group LLC acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 2,333 shares of the transportation company’s stock, valued at approximately $227,000.

Several other hedge funds also recently modified their holdings of the stock. Global Trust Asset Management LLC acquired a new stake in United Airlines in the third quarter valued at approximately $29,000. Armstrong Advisory Group Inc. bought a new position in shares of United Airlines in the 3rd quarter worth $36,000. Winch Advisory Services LLC acquired a new stake in United Airlines in the 4th quarter valued at $38,000. Blue Trust Inc. increased its stake in United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 392 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its stake in shares of United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after buying an additional 222 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays upped their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Raymond James reissued an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Bank of America lifted their target price on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Sanford C. Bernstein raised their price objective on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, UBS Group lifted their price objective on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. One equities research 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 company presently has a consensus rating of “Buy” and a consensus target price of $110.83.

Insiders Place Their Bets

In related news, EVP Linda P. Jojo sold 60,000 shares of the 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 owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.63% of the company’s stock.

United Airlines Trading Up 1.2 %

NASDAQ:UAL opened at $109.15 on Friday. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. 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 50 day moving average is $101.37 and its 200 day moving average is $74.71. The stock has a market capitalization of $35.90 billion, a PE ratio of 11.57, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts expect that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current year.

United Airlines declared that its board has approved a share repurchase plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

United Airlines Company 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.