Pacer Advisors Inc. Purchases 22,080 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Pacer Advisors Inc. lifted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 90.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 46,592 shares of the transportation company’s stock after purchasing an additional 22,080 shares during the period. Pacer Advisors Inc.’s holdings in United Airlines were worth $4,524,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in UAL. KBC Group NV bought a new stake in United Airlines during the fourth quarter valued at about $485,000. Blue Trust Inc. grew its stake in shares of United Airlines by 25.0% during the 4th quarter. Blue Trust Inc. now owns 941 shares of the transportation company’s stock valued at $91,000 after acquiring an additional 188 shares during the period. Kingswood Wealth Advisors LLC purchased a new stake in United Airlines in the 4th quarter worth approximately $425,000. PFG Investments LLC bought a new stake in United Airlines during the 4th quarter worth approximately $315,000. Finally, Geneos Wealth Management Inc. lifted its holdings in United Airlines by 5.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,833 shares of the transportation company’s stock valued at $372,000 after purchasing an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on UAL. 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 report on Thursday, January 9th. Raymond James restated an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of United Airlines in a research report on Thursday, January 23rd. Jefferies Financial Group increased their target price on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Morgan Stanley boosted their price target on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. One investment 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 data from MarketBeat, United Airlines presently has an average rating of “Buy” and an average price target of $110.20.

Insider Transactions at United Airlines

In other United Airlines 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 value 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.63% of the company’s stock.

United Airlines Trading Up 1.1 %

Shares of NASDAQ UAL opened at $109.40 on Friday. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.72. The business’s 50 day moving average is $100.23 and its two-hundred day moving average is $72.59. The stock has a market capitalization of $35.98 billion, a P/E ratio of 11.60, a PEG ratio of 0.77 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, beating the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.00 EPS. As a group, research analysts expect that United Airlines Holdings, Inc. will post 12.7 EPS for the current year.

United Airlines announced that its Board of Directors has initiated a share buyback plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

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.