LVM Capital Management Ltd. MI Buys Shares of 10,605 United Airlines Holdings, Inc. (NASDAQ:UAL)

LVM Capital Management Ltd. MI purchased a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,605 shares of the transportation company’s stock, valued at approximately $1,030,000.

Other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. increased its position in United Airlines by 8.8% in the second quarter. Victory Capital Management Inc. now owns 146,574 shares of the transportation company’s stock worth $7,132,000 after buying an additional 11,906 shares in the last quarter. Quest Partners LLC lifted its holdings in United Airlines by 3,504.8% during the second quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 736 shares in the last quarter. Choreo LLC bought a new position in shares of United Airlines in the second quarter worth approximately $387,000. Royal London Asset Management Ltd. purchased a new stake in shares of United Airlines in the second quarter worth $166,000. Finally, Daiwa Securities Group Inc. raised its position in shares of United Airlines by 12.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 18,459 shares of the transportation company’s stock valued at $898,000 after purchasing an additional 2,080 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 4.2 %

NASDAQ UAL traded up $4.32 on Friday, hitting $108.04. The stock had a trading volume of 9,357,369 shares, compared to its average volume of 5,665,324. The business’s fifty day moving average price is $94.93 and its 200 day moving average price is $66.68. The stock has a market cap of $35.53 billion, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 1.12 and a beta of 1.44. 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 Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $110.92.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the company posted $3.65 EPS. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current year.

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

Insider Activity at United Airlines

In other news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at $3,218,565.28. The trade was a 30.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,000 shares of company stock valued at $8,158,900 in the last ninety days. Company insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. UBS Group raised their price target on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday. Melius Research raised United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Sanford C. Bernstein increased their price objective on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Raymond James boosted their target price on shares of United Airlines from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, December 30th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. One investment analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $106.45.

United Airlines 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.