Centaurus Financial Inc. Purchases 1,534 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Centaurus Financial Inc. lifted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 33.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,188 shares of the transportation company’s stock after purchasing an additional 1,534 shares during the period. Centaurus Financial Inc.’s holdings in United Airlines were worth $353,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after acquiring an additional 1,263,604 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in 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 worth $177,604,000 after purchasing an additional 908,558 shares during the period. Point72 Asset Management L.P. lifted its position in United Airlines by 489.2% during the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock valued at $111,687,000 after purchasing an additional 1,905,664 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in United Airlines by 177.6% during the third quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock valued at $75,570,000 after purchasing an additional 847,348 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its position in United Airlines by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock worth $55,634,000 after buying an additional 64,542 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Activity

In related news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction, 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 position. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock valued at $8,158,900 in the last ninety days. Insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UAL. Bank of America boosted their price objective on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Barclays increased their price objective on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Jefferies Financial Group lifted their target price on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Citigroup increased their price target on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, TD Cowen boosted their price objective on United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $96.15.

United Airlines Trading Down 0.3 %

UAL stock opened at $96.51 on Wednesday. The firm has a fifty day moving average price of $73.21 and a 200 day moving average price of $56.57. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $101.60. The firm has a market cap of $31.74 billion, a PE ratio of 11.64, a price-to-earnings-growth ratio of 1.13 and a beta of 1.39. 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 posted its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same period in the previous year, the firm posted $3.65 EPS. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

United Airlines announced that its board has authorized a stock buyback plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board 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.