Burney Co. purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,064 shares of the transportation company’s stock, valued at approximately $3,362,000.
A number of other large investors have also added to or reduced their stakes in the business. Apella Capital LLC raised its stake in United Airlines by 0.3% in the 3rd quarter. Apella Capital LLC now owns 36,617 shares of the transportation company’s stock valued at $3,595,000 after acquiring an additional 108 shares during the period. JFS Wealth Advisors LLC increased its position in United Airlines by 51.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the transportation company’s stock worth $36,000 after buying an additional 108 shares during the period. True Wealth Design LLC increased its position in United Airlines by 9.1% during the 4th quarter. True Wealth Design LLC now owns 1,352 shares of the transportation company’s stock worth $151,000 after buying an additional 113 shares during the period. Murphy & Mullick Capital Management Corp increased its position in United Airlines by 20.5% during the 3rd quarter. Murphy & Mullick Capital Management Corp now owns 669 shares of the transportation company’s stock worth $63,000 after buying an additional 114 shares during the period. Finally, Fulton Bank N.A. increased its position in United Airlines by 3.2% during the 4th quarter. Fulton Bank N.A. now owns 3,639 shares of the transportation company’s stock worth $407,000 after buying an additional 114 shares during the period. Institutional investors own 69.69% of the company’s stock.
United Airlines Price Performance
Shares of NASDAQ UAL opened at $96.40 on Monday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.59 and a current ratio of 0.65. United Airlines Holdings Inc has a 52 week low of $61.52 and a 52 week high of $119.21. The stock has a market capitalization of $31.30 billion, a P/E ratio of 9.43, a PEG ratio of 0.74 and a beta of 1.28. The stock’s fifty day moving average is $100.51 and its 200 day moving average is $102.48.
Insider Activity at United Airlines
In related news, President Brett J. Hart sold 19,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $106.45, for a total value of $2,022,550.00. Following the transaction, the president owned 264,638 shares in the company, valued at approximately $28,170,715.10. This trade represents a 6.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.63% of the company’s stock.
Wall Street Analyst Weigh In
UAL has been the topic of several recent research reports. UBS Group increased their price objective on United Airlines from $134.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday, March 23rd. Citigroup lowered their price objective on United Airlines from $155.00 to $132.00 and set a “buy” rating on the stock in a research report on Friday, March 20th. Argus lowered their price objective on United Airlines from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, January 22nd. Bank of America increased their price objective on United Airlines from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, January 6th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $132.50 price objective on shares of United Airlines in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $131.19.
Get Our Latest Stock Analysis on UAL
United Airlines Profile
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
Read More
Receive News & Ratings for United Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Airlines and related companies with MarketBeat.com's FREE daily email newsletter.
