United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. raised its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 293.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 50,122 shares of the transportation company’s stock after acquiring an additional 37,389 shares during the quarter. Edgestream Partners L.P.’s holdings in United Airlines were worth $2,860,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Castle Hook Partners LP grew its stake in shares of United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock worth $242,227,000 after purchasing an additional 2,707,442 shares during the period. Point72 Asset Management L.P. grew its stake in shares of United Airlines by 489.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after purchasing an additional 1,905,664 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after purchasing an additional 1,263,604 shares during the period. Rubric Capital Management LP acquired a new position in shares of United Airlines during the 3rd quarter worth $63,486,000. Finally, Sanders Capital LLC grew its stake in shares of United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after purchasing an additional 1,040,589 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Trading Up 0.5 %

Shares of UAL stock opened at $96.83 on Monday. The firm has a market cap of $31.85 billion, a P/E ratio of 11.68, a PEG ratio of 1.15 and a beta of 1.39. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $101.60. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The firm’s 50-day simple moving average is $75.84 and its 200-day simple moving average is $57.45.

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, topping the consensus estimate 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 in the prior year, the firm posted $3.65 EPS. As a group, equities analysts forecast that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

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

Insider Transactions at United Airlines

In related news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of the sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction that occurred on 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 directly owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,000 shares of company stock worth $8,158,900 in the last three months. Company insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UAL shares. The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price target on shares of United Airlines in a research note on Friday, November 15th. Bank of America increased their price objective on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. TD Cowen increased their price objective on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Citigroup increased their price objective on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $96.15.

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.