Liberty One Investment Management LLC Sells 96 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Liberty One Investment Management LLC trimmed its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,850 shares of the transportation company’s stock after selling 96 shares during the quarter. Liberty One Investment Management LLC’s holdings in United Airlines were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Moody National Bank Trust Division raised its position in United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock worth $470,000 after acquiring an additional 98 shares during the period. Huntington National Bank grew its stake 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 worth $75,000 after buying an additional 129 shares in the last quarter. Farther Finance Advisors LLC increased its stake in United Airlines by 13.0% during the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after acquiring an additional 189 shares during the last quarter. Commerce Bank raised its holdings in United Airlines by 1.1% during the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock valued at $1,005,000 after buying an additional 196 shares during the period. Finally, Carolina Wealth Advisors LLC lifted its holdings in shares of United Airlines by 1.8% in the 4th 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. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Up 1.2 %

Shares of NASDAQ UAL opened at $107.38 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $110.92. The stock 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 firm has a fifty day moving average of $97.73 and a 200-day moving average of $69.23.

United Airlines declared that its Board of Directors has authorized a share 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 shares through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on UAL shares. Susquehanna raised their price target on shares of United Airlines from $85.00 to $120.00 and gave the stock a “positive” rating in a research note on Tuesday, January 7th. Raymond James raised their target price on shares of United Airlines from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Sanford C. Bernstein boosted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Barclays raised their price target on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group upped their target price on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $106.45.

Insider Buying and Selling

In other news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction that occurred 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 owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by corporate insiders.

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.