Burns Matteson Capital Management LLC Acquires Shares of 6,555 United Airlines Holdings, Inc. (NASDAQ:UAL)

Burns Matteson Capital Management LLC bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 6,555 shares of the transportation company’s stock, valued at approximately $636,000.

A number of other large investors also recently made changes to their positions in UAL. Global Trust Asset Management LLC acquired a new position in United Airlines in the third quarter valued at about $29,000. Armstrong Advisory Group Inc. acquired a new stake in shares of United Airlines in the 3rd quarter valued at approximately $36,000. Winch Advisory Services LLC bought a new position in United Airlines during the 4th quarter worth approximately $38,000. Blue Trust Inc. grew its holdings in United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 392 shares during the period. Finally, Cromwell Holdings LLC increased its stake in United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Price Performance

United Airlines stock opened at $109.00 on Monday. The stock’s 50 day moving average is $101.87 and its 200 day moving average is $75.57. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The firm has a market cap of $35.85 billion, a P/E ratio of 11.56, a P/E/G ratio of 0.71 and a beta of 1.43. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $2.00 EPS. As a group, research analysts expect that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

United Airlines declared 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 reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of recent analyst reports. Morgan Stanley lifted their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup boosted their target price on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Raymond James reaffirmed an “outperform” rating and set a $130.00 price target (up previously from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. UBS Group boosted their price objective on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Finally, Barclays raised their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $113.88.

Insider Activity

In other news, 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 completion of the sale, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.63% of the stock is currently 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.