2,300 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 2,300 shares of the transportation company’s stock, valued at approximately $223,000.

Several other institutional investors also recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new position in shares of United Airlines in the 3rd quarter valued at approximately $29,000. Strategic Investment Solutions Inc. IL acquired a new position in United Airlines during the 2nd quarter valued at approximately $30,000. Armstrong Advisory Group Inc. purchased a new position in shares of United Airlines in the third quarter worth $36,000. Winch Advisory Services LLC acquired a new stake in shares of United Airlines during the fourth quarter worth $38,000. Finally, Blue Trust Inc. grew its holdings 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. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Up 1.9 %

Shares of UAL opened at $105.00 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The stock’s 50 day moving average is $99.39 and its two-hundred day moving average is $71.30. The firm has a market cap of $34.53 billion, a P/E ratio of 11.13, a PEG ratio of 0.77 and a beta of 1.44.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.00 EPS. Analysts predict that United Airlines Holdings, Inc. will post 12.7 earnings per share for the current fiscal year.

United Airlines announced that its board has approved a share buyback plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows 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 management believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on UAL. JPMorgan Chase & Co. raised their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. Jefferies Financial Group increased their price target on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. Sanford C. Bernstein lifted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Susquehanna increased their price objective on shares of United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. One research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $110.20.

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.