TriaGen Wealth Management LLC Makes New Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

TriaGen Wealth Management LLC purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,631 shares of the transportation company’s stock, valued at approximately $644,000.

Other hedge funds have also modified their holdings of the company. Castle Hook Partners LP grew its position in United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after acquiring an additional 2,707,442 shares in the last quarter. Rubric Capital Management LP bought a new stake in United Airlines in the third quarter worth $63,486,000. Sanders Capital LLC increased its position in United Airlines by 12.4% during the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after buying an additional 1,040,589 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares in the last quarter. Finally, SG Americas Securities LLC raised its holdings in United Airlines by 1,492.8% during the fourth quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company’s stock valued at $88,557,000 after buying an additional 854,759 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Down 3.3 %

NASDAQ UAL opened at $105.84 on Friday. 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 stock’s 50 day moving average is $100.53 and its two-hundred day moving average is $72.84. The company has a market capitalization of $34.81 billion, a price-to-earnings ratio of 11.22, a PEG ratio of 0.71 and a beta of 1.44. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.00 EPS. Equities analysts forecast that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

United Airlines declared that its board has authorized a stock repurchase program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.63% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have weighed in on UAL. Sanford C. Bernstein raised their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. The Goldman Sachs Group restated a “buy” rating and set a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. Melius Research upgraded United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Susquehanna raised their target price on United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Finally, Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Airlines has a consensus rating of “Buy” and a consensus price target of $110.20.

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.