Global Trust Asset Management LLC Buys Shares of 500 United Airlines Holdings, Inc. (NASDAQ:UAL)

Global Trust Asset Management LLC bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 500 shares of the transportation company’s stock, valued at approximately $29,000.

A number of other institutional investors also recently made changes to their positions in UAL. B. Riley Wealth Advisors Inc. raised its position in shares of United Airlines by 8.6% during the 4th quarter. B. Riley Wealth Advisors Inc. now owns 5,671 shares of the transportation company’s stock valued at $234,000 after acquiring an additional 447 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of United Airlines by 1.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock valued at $930,000 after acquiring an additional 287 shares in the last quarter. Richardson Capital Management LLC bought a new position in United Airlines during the 1st quarter worth $37,000. SteelPeak Wealth LLC bought a new position in United Airlines during the 1st quarter worth $219,000. Finally, tru Independence LLC grew its stake in United Airlines by 0.3% during the 1st quarter. tru Independence LLC now owns 118,230 shares of the transportation company’s stock worth $5,661,000 after buying an additional 353 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Trading Up 0.2 %

Shares of UAL stock opened at $74.64 on Friday. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $76.08. The stock has a market capitalization of $24.54 billion, a P/E ratio of 9.23, a P/E/G ratio of 0.89 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The stock has a 50-day simple moving average of $54.02 and a 200 day simple moving average of $50.52.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The company had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period in the prior year, the firm earned $3.65 earnings per share. On average, sell-side analysts expect that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current fiscal year.

United Airlines announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of recent research reports. Jefferies Financial Group upped their price objective on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Barclays upped their price objective on United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. TD Cowen upped their price objective on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Susquehanna increased their price target on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Finally, Morgan Stanley increased their price target on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, United Airlines has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

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.