United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. cut its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 23.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,127 shares of the transportation company’s stock after selling 18,100 shares during the quarter. QRG Capital Management Inc.’s holdings in United Airlines were worth $3,317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Forum Financial Management LP grew its position in United Airlines by 5.8% in the 3rd quarter. Forum Financial Management LP now owns 5,575 shares of the transportation company’s stock valued at $318,000 after acquiring an additional 306 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of United Airlines by 1.1% in the third quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company’s stock valued at $1,278,000 after purchasing an additional 248 shares in the last quarter. Chicago Partners Investment Group LLC purchased a new stake in United Airlines during the 3rd quarter worth approximately $194,000. Farther Finance Advisors LLC lifted its holdings in United Airlines by 13.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after buying an additional 189 shares in the last quarter. Finally, Affinity Investment Advisors LLC purchased a new position in United Airlines in the 3rd quarter valued at approximately $212,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 9.4 %

Shares of NASDAQ UAL opened at $87.58 on Thursday. The business has a 50-day moving average price of $60.67 and a 200 day moving average price of $52.71. The stock has a market cap of $28.80 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 52-week low of $36.23 and a 52-week high of $87.84.

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

United Airlines declared that its Board of Directors has initiated a share repurchase program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

UAL has been the topic of several analyst reports. Barclays increased their price objective on United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. TD Cowen lifted their price objective on United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group boosted their price objective on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Morgan Stanley raised their target price 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, 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 report on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $78.94.

Insider Buying and Selling at United Airlines

In related news, EVP Kate Gebo sold 17,500 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction on Friday, November 1st. The stock was 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 directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This trade represents a 0.00 % 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. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is currently owned by company insiders.

United Airlines 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.