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

Doliver Advisors LP acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 2,839 shares of the transportation company’s stock, valued at approximately $276,000.

A number of other institutional investors have also recently bought and sold shares of UAL. State Street Corp lifted its position in shares of United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after buying an additional 78,470 shares during the last quarter. Sanders Capital LLC lifted its position in shares of United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after buying an additional 1,040,589 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of United Airlines by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after buying an additional 168,498 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after buying an additional 1,263,604 shares during the last quarter. Finally, Castle Hook Partners LP lifted its position in shares of United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on UAL. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein increased their price objective on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Raymond James increased their price objective on United Airlines from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Monday, December 30th. Jefferies Financial Group increased their price objective on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Finally, Barclays increased 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. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $102.28.

United Airlines Price Performance

Shares of United Airlines stock traded up $3.20 during trading on Monday, hitting $98.87. 4,864,228 shares of the stock traded hands, compared to its average volume of 4,106,876. The firm’s fifty day moving average is $93.02 and its 200-day moving average is $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 price-to-earnings ratio of 11.93, a PEG ratio of 1.12 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) 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 business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same period last year, the company earned $3.65 EPS. Research analysts expect that United Airlines Holdings, Inc. will post 10.27 EPS for the current fiscal year.

United Airlines declared that its board has approved a share buyback plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

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 stock was 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 in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the 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 owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is currently owned by company insiders.

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.