Polianta Ltd Cuts Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Polianta Ltd lessened its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 37.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,300 shares of the transportation company’s stock after selling 8,500 shares during the quarter. United Airlines accounts for approximately 0.7% of Polianta Ltd’s portfolio, making the stock its 18th largest holding. Polianta Ltd’s holdings in United Airlines were worth $1,388,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Winch Advisory Services LLC bought a new stake in shares of United Airlines in the 4th quarter worth approximately $38,000. Global Trust Asset Management LLC bought a new stake in United Airlines in the third quarter worth $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines during the second quarter valued at about $30,000. Armstrong Advisory Group Inc. purchased a new stake in United Airlines during the third quarter valued at about $36,000. Finally, Blue Trust Inc. grew its stake in shares of United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after buying an additional 392 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insiders Place Their Bets

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of United Airlines 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 sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following 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 disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $107.38 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $110.92. The firm has a fifty day moving average price of $97.73 and a 200-day moving average price of $69.09. The stock has a market cap of $35.32 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.98 and a beta of 1.44.

United Airlines declared that its Board of Directors has initiated a stock buyback plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UAL. Susquehanna raised their target price on shares of United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a report on Tuesday, January 7th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Sanford C. Bernstein boosted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Bank of America increased their target price on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $106.45.

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.