Americana Partners LLC Invests $212,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Americana Partners LLC bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, HoldingsChannel reports. The fund bought 2,185 shares of the transportation company’s stock, valued at approximately $212,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hemington Wealth Management increased its position in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Roxbury Financial LLC bought a new stake in United Airlines in the 4th quarter worth about $32,000. Winch Advisory Services LLC bought a new stake in United Airlines in the 4th quarter worth about $38,000. Global Trust Asset Management LLC bought a new stake in United Airlines in the 3rd quarter worth about $29,000. Finally, MassMutual Private Wealth & Trust FSB grew its position in United Airlines by 25.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock worth $69,000 after purchasing an additional 142 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.63% of the company’s stock.

United Airlines Stock Performance

Shares of UAL stock opened at $103.25 on Wednesday. The stock has a market capitalization of $33.96 billion, a P/E ratio of 10.95, 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 firm’s 50 day moving average is $102.51 and its 200 day moving average is $78.22. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping 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 business had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the prior year, the company posted $2.00 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UAL shares. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. UBS Group upped their price objective on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Raymond James reissued an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday, January 9th. One research 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $113.88.

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.