Doliver Advisors LP Acquires Shares of 2,839 United Airlines Holdings, Inc. (NASDAQ:UAL)

Doliver Advisors LP acquired a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, Holdings Channel reports. The firm acquired 2,839 shares of the transportation company’s stock, valued at approximately $276,000.

A number of other large investors have also added to or reduced their stakes in UAL. Global Trust Asset Management LLC bought a new stake in shares of United Airlines in the 3rd quarter worth $29,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of United Airlines in the 2nd quarter worth $30,000. Armstrong Advisory Group Inc. bought a new stake in shares of United Airlines in the 3rd quarter worth $36,000. Quest Partners LLC increased its holdings in shares of United Airlines by 3,504.8% in the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock worth $37,000 after purchasing an additional 736 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after purchasing an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s 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 transaction, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Linda P. Jojo sold 60,000 shares of the company’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 directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock valued at $8,158,900 over the last ninety days. 0.63% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Citigroup lifted their target price on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. TD Cowen lifted their price objective on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Barclays lifted their price objective on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Melius Research raised United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, United Airlines currently has a consensus rating of “Buy” and a consensus target price of $102.28.

United Airlines Trading Up 3.3 %

NASDAQ UAL traded up $3.20 during trading hours on Monday, hitting $98.87. 4,864,228 shares of the company were exchanged, compared to its average volume of 4,106,876. The stock has a 50-day moving average price of $93.02 and a 200 day moving average price of $65.43. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $105.09. The stock has a market cap of $32.52 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping 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 analysts’ expectations of $14.76 billion. During the same period in the previous year, the firm posted $3.65 earnings per share. Analysts forecast that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current fiscal year.

United Airlines declared that its Board of Directors has initiated a stock repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its shares are 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.