SteelPeak Wealth LLC Boosts Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

SteelPeak Wealth LLC boosted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 54.3% during the fourth quarter, Holdings Channel reports. The fund owned 5,444 shares of the transportation company’s stock after acquiring an additional 1,916 shares during the period. SteelPeak Wealth LLC’s holdings in United Airlines were worth $529,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after purchasing an additional 78,470 shares in the last quarter. Sanders Capital LLC lifted its stake in United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after purchasing an additional 1,040,589 shares during the last quarter. Geode Capital Management LLC boosted its position in United Airlines by 2.1% during the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after buying an additional 168,498 shares during the period. Castle Hook Partners LP increased its holdings in shares of 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 buying an additional 2,707,442 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after acquiring an additional 908,558 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

UAL has been the topic of several recent research reports. Bank of America raised their price target on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. TD Cowen lifted their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Jefferies Financial Group increased their price target on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Citigroup boosted their price objective on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, United Airlines presently has an average rating of “Buy” and an average target price of $110.20.

United Airlines Trading Up 1.1 %

NASDAQ:UAL opened at $109.40 on Friday. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The company’s 50-day simple moving average is $100.23 and its 200 day simple moving average is $72.59. The firm has a market capitalization of $35.98 billion, a P/E ratio of 11.60, a PEG ratio of 0.77 and a beta of 1.44. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. The company 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%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.00 EPS. As a group, analysts forecast that United Airlines Holdings, Inc. will post 12.7 EPS for the current fiscal year.

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

Insider Transactions at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the firm’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 transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.63% of the stock is owned by insiders.

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.