Crestmont Private Wealth LLC Has $256,000 Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Crestmont Private Wealth LLC trimmed its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 27.6% in the fourth quarter, Holdings Channel reports. The fund owned 2,636 shares of the transportation company’s stock after selling 1,006 shares during the period. Crestmont Private Wealth LLC’s holdings in United Airlines were worth $256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of United Airlines by 0.8% in the third 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 holdings in shares of United Airlines by 12.4% in the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after purchasing an additional 1,040,589 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of United Airlines by 2.1% in 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 purchasing an additional 168,498 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of 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 valued at $272,559,000 after purchasing an additional 1,263,604 shares in the last quarter. Finally, Castle Hook Partners LP lifted 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 valued at $242,227,000 after purchasing an additional 2,707,442 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Susquehanna boosted their price target on United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. Morgan Stanley boosted their price target on United Airlines from $88.00 to $130.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Raymond James upped their target price on 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 reiterated a “buy” rating and set a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $106.45.

Insider Activity

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. 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 stock in a transaction that occurred on 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 $6,049,536.88. This represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,000 shares of company stock valued at $8,158,900. 0.63% of the stock is owned by insiders.

United Airlines Price Performance

NASDAQ:UAL opened at $107.67 on Wednesday. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $110.92. The stock’s 50 day moving average price is $96.57 and its two-hundred day moving average price is $68.16. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $35.41 billion, a price-to-earnings ratio of 12.99, a P/E/G ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating 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 company had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same quarter in the prior year, the business earned $3.65 earnings per share. On average, analysts anticipate that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current year.

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

United Airlines Company 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.