United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Entropy Technologies LP

Entropy Technologies LP decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 74.7% in the fourth quarter, Holdings Channel reports. The firm owned 11,592 shares of the transportation company’s stock after selling 34,249 shares during the period. Entropy Technologies LP’s holdings in United Airlines were worth $1,126,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in UAL. CWM LLC increased its holdings in shares of United Airlines by 79.5% during the third quarter. CWM LLC now owns 13,607 shares of the transportation company’s stock valued at $776,000 after acquiring an additional 6,027 shares in the last quarter. Wedmont Private Capital purchased a new stake in United Airlines during the 3rd quarter worth approximately $242,000. Valeo Financial Advisors LLC raised its holdings in shares of United Airlines by 6.8% in the third quarter. Valeo Financial Advisors LLC now owns 5,354 shares of the transportation company’s stock worth $305,000 after buying an additional 342 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of United Airlines during the third quarter worth $344,000. Finally, Armstrong Advisory Group Inc. purchased a new stake in shares of United Airlines during the third quarter valued at $36,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UAL has been the subject of a number of research analyst reports. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. UBS Group lifted their target price on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Jefferies Financial Group raised their price target on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Citigroup upped their price objective on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Finally, Barclays raised their target price on shares of United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, United Airlines currently has a consensus rating of “Buy” and a consensus price target of $113.88.

United Airlines Price Performance

Shares of United Airlines stock opened at $106.08 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The business has a 50-day moving average price of $101.87 and a 200 day moving average price of $75.77. The firm has a market cap of $34.89 billion, a PE ratio of 11.25, a P/E/G ratio of 0.71 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter last year, the company earned $2.00 EPS. Sell-side analysts predict that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

United Airlines announced that its board has initiated a share buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.63% of the company’s stock.

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.