Brookstone Capital Management Buys Shares of 2,507 United Airlines Holdings, Inc. (NASDAQ:UAL)

Brookstone Capital Management purchased a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 2,507 shares of the transportation company’s stock, valued at approximately $243,000.

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

Insider Activity

In related news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction on Friday, November 22nd. The shares were 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 $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

United Airlines Trading Up 1.2 %

Shares of UAL opened at $107.38 on Monday. The stock’s fifty day simple moving average is $97.73 and its 200 day simple moving average is $69.23. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $110.92. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $35.32 billion, a P/E ratio of 12.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.44.

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

Analyst Ratings Changes

A number of research firms recently weighed in on UAL. Susquehanna lifted their price objective on shares of United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Morgan Stanley boosted their target price on shares of United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. UBS Group upped their target price on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $106.45.

About United Airlines

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.