Brooklyn Investment Group Trims Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Brooklyn Investment Group reduced its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 9.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,832 shares of the transportation company’s stock after selling 191 shares during the quarter. Brooklyn Investment Group’s holdings in United Airlines were worth $178,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Castle Hook Partners LP grew its position in United Airlines by 176.1% in the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in United Airlines by 489.2% in the 2nd 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. Rubric Capital Management LP acquired a new position in United Airlines during the 3rd quarter worth approximately $63,486,000. Sanders Capital LLC raised its stake in shares of United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after buying an additional 1,040,589 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 valued at $177,604,000 after buying an additional 908,558 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Trading Up 1.2 %

Shares of UAL stock opened at $107.38 on Friday. The company has a market capitalization of $35.32 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 0.98 and a beta of 1.44. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. The firm has a 50-day moving average price of $97.73 and a 200 day moving average price of $69.09. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $110.92.

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

Analyst Ratings Changes

Several research firms have issued reports on UAL. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Sanford C. Bernstein boosted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Raymond James increased their target price on shares of United Airlines from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Finally, Citigroup boosted 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, November 26th. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $106.45.

Insider Buying and Selling

In related news, EVP Linda P. Jojo sold 60,000 shares of the firm’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 sale, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the company’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 transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by company 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.