Accelerate Investment Advisors LLC Makes New Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Accelerate Investment Advisors LLC bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 3,033 shares of the transportation company’s stock, valued at approximately $295,000.

A number of other large investors have also modified their holdings of UAL. Castle Hook Partners LP grew its position in shares of United Airlines by 176.1% in the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after purchasing an additional 2,707,442 shares during the last quarter. Point72 Asset Management L.P. raised its position in United Airlines by 489.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock valued at $111,687,000 after purchasing an additional 1,905,664 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after acquiring an additional 1,263,604 shares during the last quarter. Rubric Capital Management LP bought a new position in United Airlines in the third quarter valued at about $63,486,000. Finally, Sanders Capital LLC lifted its stake in shares of United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after purchasing an additional 1,040,589 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Down 3.3 %

Shares of NASDAQ UAL traded down $3.51 during midday trading on Monday, reaching $103.60. 3,717,682 shares of the company’s stock traded hands, compared to its average volume of 6,143,055. The stock’s 50 day simple moving average is $95.47 and its 200-day simple moving average is $67.35. 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 company has a market cap of $34.07 billion, a price-to-earnings ratio of 12.50, a P/E/G ratio of 1.12 and a beta of 1.44. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $110.92.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period in the previous year, the business earned $3.65 EPS. On average, analysts predict that United Airlines Holdings, Inc. will post 10.27 EPS for the current fiscal year.

United Airlines declared that its board has authorized a stock repurchase plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, EVP Linda P. Jojo sold 60,000 shares of the 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 completion of the transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock valued at $8,158,900 over the last ninety days. 0.63% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Morgan Stanley increased their target price on United Airlines from $88.00 to $130.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research report on Thursday. TD Cowen boosted their target price on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. Finally, Melius Research upgraded United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average 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.