Quantinno Capital Management LP Has $5.88 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Quantinno Capital Management LP boosted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 187.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 103,049 shares of the transportation company’s stock after purchasing an additional 67,150 shares during the quarter. Quantinno Capital Management LP’s holdings in United Airlines were worth $5,880,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Global Trust Asset Management LLC purchased a new position in United Airlines during the 3rd quarter worth $29,000. Strategic Investment Solutions Inc. IL purchased a new position in United Airlines during the 2nd quarter worth $30,000. Armstrong Advisory Group Inc. purchased a new position in United Airlines during the 3rd quarter worth $36,000. UMB Bank n.a. boosted its holdings in United Airlines by 59.7% during the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after acquiring an additional 255 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after purchasing an additional 392 shares during the period. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the transaction, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. The trade was a 30.43 % 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 over the last ninety days. Company insiders own 0.63% of the company’s stock.

United Airlines Trading Down 2.1 %

Shares of United Airlines stock opened at $100.28 on Friday. The stock’s 50-day simple moving average is $79.36 and its 200 day simple moving average is $58.64. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $105.09. The stock has a market capitalization of $32.98 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.17 and a beta of 1.44. 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 announced its quarterly earnings results 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 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 business posted $3.65 earnings per share. As a group, research analysts anticipate that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

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

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of recent analyst reports. Morgan Stanley lifted their target price on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. TD Cowen lifted their target price on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Sanford C. Bernstein lifted their target price on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, Citigroup lifted their target price on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $96.15.

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.