United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP increased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 91.6% in the third quarter, Holdings Channel reports. The firm owned 20,961 shares of the transportation company’s stock after buying an additional 10,019 shares during the quarter. GSA Capital Partners LLP’s holdings in United Airlines were worth $1,196,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Entropy Technologies LP lifted its stake in shares of United Airlines by 163.8% in the 3rd quarter. Entropy Technologies LP now owns 45,841 shares of the transportation company’s stock worth $2,616,000 after acquiring an additional 28,462 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of United Airlines by 43.5% in the third quarter. Venturi Wealth Management LLC now owns 1,230 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 373 shares during the period. Round Rock Advisors LLC acquired a new stake in shares of United Airlines in the third quarter valued at about $228,000. Capital Performance Advisors LLP acquired a new stake in shares of United Airlines in the third quarter valued at about $78,000. Finally, Hara Capital LLC lifted its stake in shares of United Airlines by 56.3% in the third quarter. Hara Capital LLC now owns 31,508 shares of the transportation company’s stock valued at $1,798,000 after purchasing an additional 11,343 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Bank of America raised 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. 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. Sanford C. Bernstein raised their target price on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. TD Cowen raised their target price on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Finally, Barclays raised their target price on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $84.30.

United Airlines Trading Up 1.5 %

NASDAQ UAL opened at $91.16 on Friday. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $93.33. 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 company has a market capitalization of $29.98 billion, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. The company’s fifty day moving average price is $65.12 and its two-hundred day moving average price is $53.93.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same period in the prior year, the firm posted $3.65 EPS. As a group, research analysts predict that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

United Airlines declared that its board has approved a stock buyback plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the sale, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. This trade represents a 32.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the 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 completion of the sale, the executive vice president now directly owns 40,012 shares in the company, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate 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.