Cibc World Market Inc. Increases Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Cibc World Market Inc. lifted its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 3,383.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 188,753 shares of the transportation company’s stock after buying an additional 183,334 shares during the quarter. Cibc World Market Inc.’s holdings in United Airlines were worth $18,328,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of UAL. Winch Advisory Services LLC purchased a new position in shares of United Airlines in the fourth quarter valued at about $38,000. Global Trust Asset Management LLC bought a new stake in United Airlines in the 3rd quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL bought a new stake in United Airlines in the second quarter worth $30,000. Armstrong Advisory Group Inc. purchased a new stake in shares of United Airlines during the 3rd quarter valued at about $36,000. Finally, MassMutual Private Wealth & Trust FSB raised its position in United Airlines by 25.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 142 shares during the period. Institutional investors own 69.69% of the company’s stock.

Insider Transactions at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction on 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 trade represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UAL. TD Cowen increased their target price on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, January 24th. UBS Group increased their target price on United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Morgan Stanley boosted their target price on shares of United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. 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. Finally, Jefferies Financial Group upped their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, United Airlines presently has a consensus rating of “Buy” and a consensus price target of $110.20.

United Airlines Stock Performance

Shares of United Airlines stock opened at $105.84 on Friday. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The company has a market capitalization of $34.81 billion, a PE ratio of 11.22, a P/E/G ratio of 0.71 and a beta of 1.44. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The company has a 50-day simple moving average of $100.53 and a two-hundred day simple moving average of $72.84.

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

United Airlines declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.