1834 Investment Advisors Co. Reduces Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

1834 Investment Advisors Co. decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 15.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,719 shares of the transportation company’s stock after selling 843 shares during the quarter. 1834 Investment Advisors Co.’s holdings in United Airlines were worth $458,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Sei Investments Co. lifted its position in United Airlines by 1.7% during the second quarter. Sei Investments Co. now owns 146,621 shares of the transportation company’s stock valued at $7,135,000 after purchasing an additional 2,471 shares during the period. Marshall Wace LLP bought a new position in shares of United Airlines during the 2nd quarter valued at $9,026,000. Susquehanna Fundamental Investments LLC boosted its stake in shares of United Airlines by 28.4% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 236,943 shares of the transportation company’s stock worth $11,530,000 after buying an additional 52,458 shares during the last quarter. Driehaus Capital Management LLC bought a new stake in shares of United Airlines in the second quarter worth $670,000. Finally, William B. Walkup & Associates Inc. purchased a new stake in United Airlines during the second quarter valued at $105,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 1.9 %

Shares of United Airlines stock opened at $105.00 on Monday. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.72 and a current ratio of 0.81. The firm has a market capitalization of $34.53 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.77 and a beta of 1.44. The stock has a 50 day moving average of $99.39 and a 200 day moving average of $71.30.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the company earned $2.00 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, research analysts predict that United Airlines Holdings, Inc. will post 12.7 earnings per share for the current year.

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

Insider Activity

In other United Airlines 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 $3,218,565.28. The trade was a 30.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction 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. Insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

UAL has been the topic of several research reports. Citigroup raised their target price on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Morgan Stanley boosted their target price on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday. Barclays increased their price target on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Susquehanna boosted their price objective on shares of United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a research report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upped their price objective on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $110.20.

About United Airlines

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.