Entropy Technologies LP Has $2.62 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Entropy Technologies LP grew its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 163.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,841 shares of the transportation company's stock after purchasing an additional 28,462 shares during the quarter. Entropy Technologies LP's holdings in United Airlines were worth $2,616,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC raised its holdings in United Airlines by 43.5% in the 3rd quarter. Venturi Wealth Management LLC now owns 1,230 shares of the transportation company's stock worth $70,000 after acquiring an additional 373 shares during the period. Round Rock Advisors LLC bought a new position in United Airlines in the 3rd quarter worth $228,000. Capital Performance Advisors LLP bought a new position in United Airlines in the 3rd quarter worth $78,000. Hara Capital LLC raised its holdings in United Airlines by 56.3% in the 3rd quarter. Hara Capital LLC now owns 31,508 shares of the transportation company's stock worth $1,798,000 after acquiring an additional 11,343 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in United Airlines by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company's stock worth $21,581,000 after acquiring an additional 11,601 shares during the period. Institutional investors own 69.69% of the company's stock.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company's stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 30,427 shares of the company's stock, valued at approximately $2,190,744. This 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 accessible through the SEC website. In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the company's stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of 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 position. The disclosure for this sale can be found here. Insiders own 0.63% of the company's stock.

Wall Street Analysts Forecast Growth

UAL has been the topic of several recent analyst reports. Barclays lifted their target price on shares of United Airlines from $66.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Susquehanna boosted their price objective on shares of United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a report on Thursday, October 17th. TD Cowen boosted their price objective on shares of United Airlines from $80.00 to $100.00 and gave the stock a "buy" rating in a report on Thursday, October 17th. Morgan Stanley boosted their price objective on shares of United Airlines from $80.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Finally, Bank of America lifted their target price 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $78.94.

United Airlines Price Performance

Shares of UAL stock traded up $1.13 during trading hours on Wednesday, reaching $90.26. 4,852,565 shares of the company were exchanged, compared to its average volume of 8,499,815. 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 cap of $29.68 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 1.06 and a beta of 1.39. The stock's fifty day moving average is $64.21 and its two-hundred day moving average is $53.68. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $92.28.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping analysts' consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period in the previous year, the firm posted $3.65 earnings per share. Sell-side analysts forecast that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal 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 stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

United Airlines Company 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.