Atomi Financial Group Inc. Buys Shares of 2,625 United Airlines Holdings, Inc. (NASDAQ:UAL)

Atomi Financial Group Inc. bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,625 shares of the transportation company’s stock, valued at approximately $255,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sei Investments Co. raised its stake in shares of United Airlines by 1.7% during the 2nd quarter. Sei Investments Co. now owns 146,621 shares of the transportation company’s stock worth $7,135,000 after buying an additional 2,471 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of United Airlines during the 2nd quarter worth $9,026,000. Susquehanna Fundamental Investments LLC raised its stake in shares of United Airlines by 28.4% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 236,943 shares of the transportation company’s stock worth $11,530,000 after buying an additional 52,458 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in shares of United Airlines during the 2nd quarter worth $670,000. Finally, William B. Walkup & Associates Inc. acquired a new position in shares of United Airlines during the 2nd quarter worth $105,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on UAL. UBS Group lifted their price target on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Morgan Stanley lifted their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday. Bank of America lifted their price objective on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Barclays lifted their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Sanford C. Bernstein lifted their price objective on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, United Airlines presently has an average rating of “Buy” and a consensus target price of $110.20.

United Airlines Stock Performance

Shares of UAL opened at $105.00 on Monday. The business’s 50 day moving average is $99.39 and its two-hundred day moving average is $71.30. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The firm has a market cap of $34.53 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.77 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the company posted $2.00 EPS. United Airlines’s quarterly revenue was up 7.8% on a year-over-year basis. Analysts forecast that United Airlines Holdings, Inc. will post 12.7 EPS for the current fiscal year.

United Airlines declared that its Board of Directors has approved a share buyback program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at United Airlines

In other news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the sale, the executive vice president now directly owns 40,012 shares in the company, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of the business’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 completion of the sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate 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.