Hanseatic Management Services Inc. Purchases New Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Hanseatic Management Services Inc. acquired a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,031 shares of the transportation company’s stock, valued at approximately $100,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Moody National Bank Trust Division lifted its stake in 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 purchasing an additional 98 shares during the last quarter. Huntington National Bank boosted its holdings in shares of United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after buying an additional 129 shares during the period. Farther Finance Advisors LLC grew its position in shares of United Airlines by 13.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after buying an additional 189 shares during the last quarter. Commerce Bank raised its stake in United Airlines by 1.1% during the third quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after acquiring an additional 196 shares during the period. Finally, Carolina Wealth Advisors LLC lifted its holdings in United Airlines by 1.8% in the fourth quarter. Carolina Wealth Advisors LLC now owns 11,358 shares of the transportation company’s stock worth $1,103,000 after acquiring an additional 199 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on UAL shares. TD Cowen increased their price target on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research report on Tuesday, November 19th. UBS Group raised their target price on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Susquehanna upped their price target on shares of United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. Finally, Bank of America raised their price target 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. One analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $106.45.

Insider Transactions at United Airlines

In other news, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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 sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at $3,218,565.28. The trade was 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.

United Airlines Price Performance

NASDAQ:UAL opened at $107.38 on Friday. 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 business’s 50-day moving average price is $97.73 and its 200 day moving average price is $69.09. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $110.92. The firm has a market cap of $35.32 billion, a P/E ratio of 12.95, a PEG ratio of 0.98 and a beta of 1.44.

United Airlines announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

United Airlines Company Profile

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.