Affinity Investment Advisors LLC Invests $212,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Affinity Investment Advisors LLC purchased a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,708 shares of the transportation company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new stake in United Airlines in the 3rd quarter valued at $29,000. BNP Paribas purchased a new stake in shares of United Airlines in the first quarter valued at about $25,000. Fidelis Capital Partners LLC acquired a new stake in United Airlines during the first quarter worth about $27,000. Strategic Investment Solutions Inc. IL purchased a new position in United Airlines during the second quarter worth about $30,000. Finally, Armstrong Advisory Group Inc. acquired a new position in United Airlines in the 3rd quarter valued at about $36,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Up 2.8 %

Shares of NASDAQ:UAL opened at $80.46 on Friday. United Airlines Holdings, Inc. has a fifty-two week low of $35.24 and a fifty-two week high of $81.35. The firm’s 50 day moving average price is $58.30 and its 200 day moving average price is $51.99. 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 stock has a market cap of $26.46 billion, a price-to-earnings ratio of 9.71, a price-to-earnings-growth ratio of 0.93 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period last year, the business earned $3.65 EPS. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current fiscal year.

United Airlines announced that its Board of Directors has approved a share repurchase 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 shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UAL. Sanford C. Bernstein raised their price target on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Jefferies Financial Group lifted their target price on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. TD Cowen increased their price target on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Morgan Stanley boosted their price objective on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a report on Thursday, October 17th. Finally, Susquehanna upped their price target on United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.94.

Insiders Place Their Bets

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.63% of the stock is owned by company 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.