GAMMA Investing LLC Has $478,000 Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

GAMMA Investing LLC boosted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 23.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,922 shares of the transportation company’s stock after acquiring an additional 937 shares during the quarter. GAMMA Investing LLC’s holdings in United Airlines were worth $478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of UAL. Huntington National Bank raised its holdings in shares of United Airlines by 10.8% during the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after acquiring an additional 129 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of United Airlines by 13.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after purchasing an additional 189 shares in the last quarter. Commerce Bank lifted its holdings in shares of United Airlines by 1.1% during the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock valued at $1,005,000 after buying an additional 196 shares during the last quarter. Cromwell Holdings LLC grew its stake in shares of United Airlines by 31.4% in the 3rd 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. Finally, Wahed Invest LLC increased its holdings in United Airlines by 12.6% in the third quarter. Wahed Invest LLC now owns 1,998 shares of the transportation company’s stock worth $114,000 after buying an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 0.3 %

NASDAQ UAL opened at $95.67 on Monday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $105.09. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The stock has a market cap of $31.46 billion, a PE ratio of 11.54, a PEG ratio of 1.12 and a beta of 1.44. The firm has a 50-day simple moving average of $93.02 and a 200 day simple moving average of $65.43.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter last year, the firm earned $3.65 EPS. On average, research analysts forecast that United Airlines Holdings, Inc. will post 10.27 EPS for the current year.

United Airlines declared that its board has approved a share buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding 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 an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Raymond James lifted their target price on shares of United Airlines from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Morgan Stanley upped their price objective on shares of United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein increased their price objective on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, UBS Group restated a “buy” rating and issued a $139.00 target price on shares of United Airlines in a report on Tuesday, November 26th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, United Airlines has an average rating of “Buy” and an average price target of $102.28.

Insider Activity

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of the sale, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is currently owned by corporate insiders.

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.