Holocene Advisors LP Has $46.95 Million Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Holocene Advisors LP lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 529.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 822,861 shares of the transportation company’s stock after buying an additional 692,176 shares during the quarter. Holocene Advisors LP owned about 0.25% of United Airlines worth $46,952,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Huntington National Bank lifted its position in shares of United Airlines by 10.8% in the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock worth $75,000 after buying an additional 129 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in United Airlines by 13.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after purchasing an additional 189 shares during the last quarter. Commerce Bank lifted its stake in shares of United Airlines by 1.1% in the third quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after buying an additional 196 shares during the last quarter. Cromwell Holdings LLC boosted its holdings in United Airlines by 31.4% during the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 222 shares during the period. Finally, Mather Group LLC. grew its holdings in United Airlines by 26.6% in the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock valued at $56,000 after buying an additional 247 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Up 0.6 %

UAL opened at $97.44 on Tuesday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $101.60. The firm has a market cap of $32.05 billion, a price-to-earnings ratio of 11.75, a PEG ratio of 1.15 and a beta of 1.44. The firm’s 50-day simple moving average is $75.84 and its 200-day simple moving average is $57.45. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79.

United Airlines (NASDAQ:UAL) last issued 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. 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 analysts’ expectations of $14.76 billion. During the same period in the prior year, the firm earned $3.65 earnings per share. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines declared that its Board of Directors has initiated a share repurchase plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its shares are undervalued.

Insider Activity at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the business’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 completion of the sale, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. The trade was a 48.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction dated 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 trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock valued at $8,158,900 in the last three months. Corporate insiders own 0.63% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UAL. Susquehanna boosted their target price on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Barclays upped their price objective on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Jefferies Financial Group boosted their price target on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. UBS Group reaffirmed a “buy” rating and issued a $139.00 price target on shares of United Airlines in a report on Tuesday, November 26th. Finally, Sanford C. Bernstein lifted their price objective on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average 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.