Centaurus Financial Inc. Purchases 1,534 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Centaurus Financial Inc. increased its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 33.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,188 shares of the transportation company’s stock after buying an additional 1,534 shares during the quarter. Centaurus Financial Inc.’s holdings in United Airlines were worth $353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Global Trust Asset Management LLC bought a new position in shares of United Airlines during the third quarter valued at about $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines during the 2nd quarter valued at about $30,000. UMB Bank n.a. grew its position in United Airlines by 59.7% during the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after acquiring an additional 255 shares during the last quarter. Armstrong Advisory Group Inc. purchased a new position in United Airlines in the 3rd quarter worth approximately $36,000. Finally, Quest Partners LLC lifted its position in United Airlines by 3,504.8% in the second quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 736 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

UAL has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. UBS Group reaffirmed a “buy” rating and set a $139.00 price objective on shares of United Airlines in a research note on Tuesday. Bank of America upped their price target on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th. Finally, Sanford C. Bernstein upped their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.15.

United Airlines Trading Down 0.3 %

NASDAQ:UAL opened at $96.51 on Wednesday. The firm has a market capitalization of $31.74 billion, a P/E ratio of 11.64, a PEG ratio of 1.13 and a beta of 1.39. 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 one year low of $37.02 and a one year high of $101.60. The company’s 50-day simple moving average is $73.21 and its 200 day simple moving average is $56.57.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The firm had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. During the same period in the previous year, the firm posted $3.65 EPS. As a group, analysts forecast that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has initiated a stock buyback program on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction on Friday, November 1st. The stock was 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 in the company, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the transaction, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock worth $8,158,900 over the last three months. 0.63% of the stock is currently owned by corporate insiders.

United Airlines 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.