GSA Capital Partners LLP Buys 10,019 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

GSA Capital Partners LLP increased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 91.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,961 shares of the transportation company's stock after acquiring 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 SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Farther Finance Advisors LLC increased its holdings in shares of United Airlines by 13.0% during the third 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 period. Wahed Invest LLC increased its stake in United Airlines by 13.7% during the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company's stock worth $76,000 after acquiring an additional 192 shares during the period. Cromwell Holdings LLC raised its holdings in United Airlines by 31.4% in the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company's stock valued at $53,000 after acquiring an additional 222 shares in the last quarter. Mather Group LLC. lifted its position in shares of United Airlines by 26.6% during the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company's stock valued at $56,000 after acquiring an additional 247 shares during the period. Finally, Janney Montgomery Scott LLC grew its holdings in shares of United Airlines by 1.1% during the 3rd quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company's stock worth $1,278,000 after purchasing an additional 248 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 40,012 shares of the company's stock, valued at $3,218,565.28. This represents a 30.43 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 completion of the transaction, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. This represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on UAL. Sanford C. Bernstein increased their price target on shares of United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a research report on Thursday, October 17th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 price target on shares of United Airlines in a research note on Friday. Morgan Stanley boosted their price target on shares of United Airlines from $80.00 to $88.00 and gave the stock an "overweight" rating in a research report on Thursday, October 17th. Susquehanna upped their target price on United Airlines from $70.00 to $85.00 and gave the company a "positive" rating in a research report on Thursday, October 17th. Finally, Jefferies Financial Group increased their price objective on shares of United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, United Airlines has an average rating of "Moderate Buy" and an average price target of $86.61.

United Airlines Price Performance

Shares of NASDAQ UAL traded up $0.01 during trading hours on Friday, reaching $91.17. 4,465,055 shares of the stock traded hands, compared to its average volume of 8,485,025. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $93.33. The company has a market capitalization of $29.98 billion, a P/E ratio of 11.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. The company's 50-day simple moving average is $66.04 and its two-hundred day simple moving average is $54.19. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95.

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 the consensus estimate 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. Equities research analysts forecast that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines declared that its board has initiated a share repurchase program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to buy up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is undervalued.

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.