Sierra Ocean LLC Invests $74,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Sierra Ocean LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 762 shares of the transportation company’s stock, valued at approximately $74,000.

Several other large investors also recently bought and sold shares of the stock. J.W. Cole Advisors Inc. purchased a new stake in United Airlines during the 4th quarter worth approximately $291,000. Nkcfo LLC purchased a new stake in shares of United Airlines in the 4th quarter valued at $728,000. Roxbury Financial LLC purchased a new stake in shares of United Airlines in the 4th quarter valued at $32,000. Myriad Asset Management US LP purchased a new stake in shares of United Airlines in the 4th quarter valued at $1,661,000. Finally, New York State Teachers Retirement System boosted its holdings in shares of United Airlines by 2.0% in the 4th quarter. New York State Teachers Retirement System now owns 319,978 shares of the transportation company’s stock valued at $31,070,000 after acquiring an additional 6,274 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 3.3 %

Shares of NASDAQ UAL opened at $104.26 on Tuesday. 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 capitalization of $34.29 billion, a PE ratio of 11.06, a PEG ratio of 0.71 and a beta of 1.43. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The business has a 50-day moving average price of $102.34 and a two-hundred day moving average price of $77.79.

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UAL. Raymond James reaffirmed an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Morgan Stanley upped their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Barclays boosted their target price on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, United Airlines currently has an average rating of “Buy” and a consensus target price of $113.88.

Insider Activity at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now 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 legal filing with the SEC, which is available through this link. 0.63% of the stock is owned by insiders.

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.