Brooklyn Investment Group Acquires New Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Brooklyn Investment Group acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,023 shares of the transportation company’s stock, valued at approximately $115,000.

Several other large investors also recently bought and sold shares of UAL. Price T Rowe Associates Inc. MD boosted its position in shares of United Airlines by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock worth $55,634,000 after purchasing an additional 64,542 shares during the period. Tidal Investments LLC lifted its holdings in United Airlines by 16.4% during the 1st quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company’s stock worth $835,000 after buying an additional 2,456 shares in the last quarter. Comerica Bank lifted its holdings in United Airlines by 8.3% during the 1st quarter. Comerica Bank now owns 52,457 shares of the transportation company’s stock worth $2,512,000 after buying an additional 4,002 shares in the last quarter. Wahed Invest LLC lifted its holdings in United Airlines by 13.7% during the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock worth $76,000 after buying an additional 192 shares in the last quarter. Finally, PGGM Investments acquired a new stake in United Airlines during the 1st quarter worth approximately $327,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Down 0.2 %

UAL stock opened at $96.35 on Thursday. The company has a fifty day moving average price of $74.07 and a 200 day moving average price of $56.85. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $101.60. The company has a market cap of $31.69 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.39. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.10 by $0.23. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter in the prior year, the firm earned $3.65 EPS. Sell-side analysts expect that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays increased 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. UBS Group reiterated a “buy” rating and set a $139.00 target price on shares of United Airlines in a report on Tuesday. Jefferies Financial Group increased their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. TD Cowen raised their price objective on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.15.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the company’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 transaction, the executive vice president now owns 40,012 shares in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is owned by 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.