Bleakley Financial Group LLC Has $2.28 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Bleakley Financial Group LLC increased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 293.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,458 shares of the transportation company’s stock after purchasing an additional 17,499 shares during the period. Bleakley Financial Group LLC’s holdings in United Airlines were worth $2,278,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Winch Advisory Services LLC acquired a new stake in shares of United Airlines during the fourth quarter worth approximately $38,000. Global Trust Asset Management LLC acquired a new stake in shares of United Airlines in the third quarter valued at approximately $29,000. Armstrong Advisory Group Inc. acquired a new stake in shares of United Airlines in the third quarter valued at approximately $36,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of United Airlines by 25.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 142 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of United Airlines by 108.6% in 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 in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Sanford C. Bernstein raised their price target on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. TD Cowen raised their price objective on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. Morgan Stanley raised their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Raymond James reissued an “outperform” rating and set a $130.00 price target (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $110.83.

Insider Buying and Selling at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.63% of the company’s stock.

United Airlines Stock Up 1.2 %

Shares of UAL stock opened at $109.15 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The firm’s fifty day moving average price is $101.37 and its two-hundred day moving average price is $74.71. The firm has a market capitalization of $35.90 billion, a P/E ratio of 11.57, a PEG ratio of 0.69 and a beta of 1.43.

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

United Airlines declared that its board has authorized a stock repurchase program on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding 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 often a sign that the company’s board of directors believes its shares are 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.