Clear Harbor Asset Management LLC Cuts Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Clear Harbor Asset Management LLC reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,923 shares of the transportation company’s stock after selling 1,183 shares during the period. Clear Harbor Asset Management LLC’s holdings in United Airlines were worth $1,643,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UAL. Moody National Bank Trust Division grew its stake in shares of United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after acquiring an additional 98 shares during the last quarter. Diversify Advisory Services LLC boosted its stake in United Airlines by 2.2% in the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock worth $508,000 after purchasing an additional 101 shares in the last quarter. Huntington National Bank grew its position in United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after purchasing an additional 129 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in United Airlines by 25.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 142 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in shares of United Airlines by 13.0% in the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after buying an additional 189 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 1.2 %

Shares of UAL opened at $107.38 on Tuesday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $110.92. The company has a market capitalization of $35.32 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 0.78 and a beta of 1.44. The stock has a fifty day simple moving average of $97.73 and a two-hundred day simple moving average of $69.38. 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 announced that its Board of Directors has authorized a stock buyback program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to buy up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. TD Cowen raised their target price on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. UBS Group upped their price target on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Citigroup upped their price objective on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Bank of America boosted their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Finally, Barclays lifted their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One research 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. Based on data from MarketBeat, United Airlines presently has an average rating of “Buy” and an average target price of $106.45.

Insider Activity

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’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 sale, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the stock in a transaction dated Friday, November 1st. The stock was 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 $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

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.