Hara Capital LLC Has $1.80 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Hara Capital LLC boosted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 56.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,508 shares of the transportation company’s stock after purchasing an additional 11,343 shares during the period. United Airlines accounts for 1.1% of Hara Capital LLC’s investment portfolio, making the stock its 21st biggest holding. Hara Capital LLC’s holdings in United Airlines were worth $1,798,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Farther Finance Advisors LLC increased its stake in United Airlines by 13.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after buying an additional 189 shares during the period. Wahed Invest LLC raised its holdings in shares of United Airlines by 13.7% during the first quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock worth $76,000 after acquiring an additional 192 shares in the last quarter. Cromwell Holdings LLC raised its holdings in shares of United Airlines by 31.4% during the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after acquiring an additional 222 shares in the last quarter. Mather Group LLC. grew its stake in United Airlines by 26.6% in the second quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 247 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in United Airlines by 1.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company’s stock worth $1,278,000 after purchasing an additional 248 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on UAL shares. TD Cowen raised their price target on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Morgan Stanley raised their price target on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. Susquehanna boosted their price objective on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. 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. Finally, Bank of America raised their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $78.94.

Insider Transactions at United Airlines

In related news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was 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 of the company’s stock, valued at $3,218,565.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of UAL stock traded down $0.11 during trading hours on Thursday, hitting $87.47. The company had a trading volume of 1,218,948 shares, compared to its average volume of 8,540,175. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The firm has a market capitalization of $28.77 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 0.92 and a beta of 1.39. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $87.84. The firm’s fifty day moving average is $60.67 and its 200 day moving average is $52.71.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The firm had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same period in the prior year, the company posted $3.65 earnings per share. On average, sell-side analysts predict that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

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

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.