Entropy Technologies LP Decreases Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Entropy Technologies LP cut its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 74.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,592 shares of the transportation company’s stock after selling 34,249 shares during the quarter. Entropy Technologies LP’s holdings in United Airlines were worth $1,126,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Winch Advisory Services LLC purchased a new position in shares of United Airlines in the 4th quarter worth $38,000. Global Trust Asset Management LLC bought a new position in shares of United Airlines in the 3rd quarter valued at about $29,000. Armstrong Advisory Group Inc. purchased a new position in United Airlines in the third quarter worth about $36,000. MassMutual Private Wealth & Trust FSB increased its stake 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 worth $69,000 after acquiring an additional 142 shares during the last quarter. Finally, Blue Trust Inc. raised its position in United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 392 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

UAL opened at $106.08 on Tuesday. The company has a market capitalization of $34.89 billion, a price-to-earnings ratio of 11.25, a PEG ratio of 0.71 and a beta of 1.43. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The business’s fifty day simple moving average is $101.87 and its 200-day simple moving average is $75.77.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $14.40 billion. During the same period in the prior year, the business earned $2.00 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities research analysts anticipate that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

United Airlines announced that its board 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 believes its shares are undervalued.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 63,599 shares of the company’s stock, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

UAL has been the subject of a number of recent research reports. Melius Research upgraded United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Susquehanna lifted their price objective on shares of United Airlines from $120.00 to $130.00 and gave the stock a “positive” rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. increased their target price on shares of United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a research note on Thursday, January 9th. Morgan Stanley lifted their price target on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Finally, Citigroup increased their price objective on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $113.88.

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.