United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by Quest Partners LLC

Quest Partners LLC raised its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 268.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,791 shares of the transportation company’s stock after buying an additional 2,034 shares during the period. Quest Partners LLC’s holdings in United Airlines were worth $159,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new position in shares of United Airlines in the 3rd quarter valued at $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of United Airlines during the second quarter worth $30,000. UMB Bank n.a. boosted its holdings in shares of United Airlines by 59.7% in the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 255 shares in the last quarter. Armstrong Advisory Group Inc. purchased a new position in shares of United Airlines during the 3rd quarter worth approximately $36,000. Finally, Rothschild Investment LLC purchased a new position in United Airlines in the second quarter worth $39,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of NASDAQ:UAL opened at $96.35 on Friday. The firm has a market capitalization of $31.69 billion, a PE ratio of 11.62, a P/E/G ratio of 1.15 and a beta of 1.39. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month 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 business has a 50-day moving average of $74.95 and a two-hundred day moving average of $57.13.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $14.76 billion. During the same quarter last year, the firm posted $3.65 earnings per share. As a group, research analysts forecast that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines declared that its Board of Directors has approved a share repurchase program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

UAL has been the topic of several research reports. Sanford C. Bernstein upped their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Bank of America lifted their price objective on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, October 17th. Citigroup lifted their price target on shares of United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a report on Tuesday. Jefferies Financial Group lifted their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, Morgan Stanley raised their price objective on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.15.

Insider Activity at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred 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 sale, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. This trade represents a 32.27 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is currently 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.