SYM FINANCIAL Corp Invests $249,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

SYM FINANCIAL Corp acquired a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,564 shares of the transportation company’s stock, valued at approximately $249,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in United Airlines during the fourth quarter worth $218,000. Symphony Financial Ltd. Co. bought a new stake in shares of United Airlines during the fourth quarter valued at about $202,000. Chicago Partners Investment Group LLC lifted its stake in shares of United Airlines by 7.1% in the 4th quarter. Chicago Partners Investment Group LLC now owns 3,650 shares of the transportation company’s stock worth $379,000 after acquiring an additional 243 shares during the period. TriaGen Wealth Management LLC bought a new position in United Airlines during the 4th quarter valued at $644,000. Finally, Caprock Group LLC bought a new position in shares of United Airlines during the 4th quarter valued at about $227,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insiders Place Their Bets

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the transaction, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.63% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research note on Thursday, January 9th. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Barclays increased their price target on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Melius Research upgraded United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Finally, Jefferies Financial Group lifted their price objective on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. One investment analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $110.20.

United Airlines Trading Down 3.3 %

Shares of UAL opened at $105.84 on Monday. The stock’s fifty day simple moving average is $100.74 and its 200-day simple moving average is $73.45. The firm has a market capitalization of $34.81 billion, a PE ratio of 11.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.44. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. 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 (NASDAQ:UAL) last released its 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. 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 for the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the company posted $2.00 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts predict that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current year.

United Airlines announced 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 purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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.