3,268 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Purchased by Clarius Group LLC

Clarius Group LLC bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,268 shares of the transportation company’s stock, valued at approximately $317,000.

Other institutional investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new position in shares of United Airlines in the 3rd quarter worth $29,000. Strategic Investment Solutions Inc. IL purchased a new position in United Airlines in the second quarter valued at about $30,000. Armstrong Advisory Group Inc. bought a new position in United Airlines in the third quarter worth about $36,000. Winch Advisory Services LLC purchased a new stake in shares of United Airlines during the fourth quarter valued at about $38,000. Finally, Blue Trust Inc. boosted its holdings in shares of United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after buying an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 1.2 %

NASDAQ UAL opened at $107.38 on Monday. The company has a fifty day moving average of $97.73 and a 200 day moving average of $69.23. The company has a market capitalization of $35.32 billion, a PE ratio of 12.95, a P/E/G ratio of 0.98 and a beta of 1.44. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $110.92.

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 repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UAL. Morgan Stanley increased their target price on shares of United Airlines from $88.00 to $130.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Barclays increased their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Citigroup boosted their target price on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Finally, Raymond James upped their price objective on shares of United Airlines from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, December 30th. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $106.45.

Insider Activity

In other news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Linda P. Jojo sold 60,000 shares of United Airlines stock in a transaction dated 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 completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

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.