1834 Investment Advisors Co. Has $317,000 Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

1834 Investment Advisors Co. raised its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 27.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,562 shares of the transportation company’s stock after acquiring an additional 1,212 shares during the period. 1834 Investment Advisors Co.’s holdings in United Airlines were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC acquired a new position in shares of United Airlines during the first quarter worth about $27,000. Global Trust Asset Management LLC acquired a new position in shares of United Airlines during the third quarter worth about $29,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of United Airlines during the second quarter worth about $30,000. Crewe Advisors LLC acquired a new position in shares of United Airlines during the first quarter worth about $32,000. Finally, UMB Bank n.a. boosted its position in shares of United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after buying an additional 255 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Trading Up 9.4 %

Shares of UAL stock opened at $87.58 on Thursday. The stock’s fifty day moving average price is $60.67 and its two-hundred day moving average price is $52.71. The company has a market cap of $28.80 billion, a PE ratio of 10.56, a P/E/G ratio of 0.92 and a beta of 1.39. United Airlines Holdings, Inc. has a fifty-two week low of $36.23 and a fifty-two week high of $87.84. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter last year, the business posted $3.65 EPS. Equities analysts predict that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has approved a stock buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UAL shares. Bank of America upped their target price on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Sanford C. Bernstein upped their target price on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. TD Cowen upped their target price on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Barclays upped their price objective on United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group upped their price objective on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $78.94.

Insider Buying and Selling

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

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.