United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Acquired by Holocene Advisors LP

Holocene Advisors LP boosted its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 529.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 822,861 shares of the transportation company's stock after acquiring an additional 692,176 shares during the period. Holocene Advisors LP owned 0.25% of United Airlines worth $46,952,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Huntington National Bank lifted its stake in shares of United Airlines by 10.8% during the third quarter. Huntington National Bank now owns 1,321 shares of the transportation company's stock worth $75,000 after purchasing an additional 129 shares in the last quarter. Farther Finance Advisors LLC lifted its position in United Airlines by 13.0% in 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. Commerce Bank lifted its position in 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 purchasing an additional 196 shares during the period. Cromwell Holdings LLC increased its holdings in shares of United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company's stock valued at $53,000 after buying an additional 222 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of United Airlines by 26.6% in the second 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 in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Stock Down 1.0 %

Shares of NASDAQ:UAL traded down $1.02 during midday trading on Tuesday, reaching $96.42. The company's stock had a trading volume of 2,590,183 shares, compared to its average volume of 5,338,168. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $101.60. The firm has a 50 day moving average of $75.84 and a 200-day moving average of $57.45. The firm has a market capitalization of $31.71 billion, a P/E ratio of 11.63, a PEG ratio of 1.15 and a beta of 1.44. 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 earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (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 business had revenue of $14.84 billion for the quarter, compared to analysts' expectations of $14.76 billion. During the same quarter in the prior year, the business earned $3.65 EPS. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines announced that its board has approved a stock repurchase plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Citigroup boosted their price target on shares of United Airlines from $98.00 to $122.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 price objective on shares of United Airlines in a research report on Friday, November 15th. Jefferies Financial Group increased their price target 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. UBS Group reissued a "buy" rating and set a $139.00 price target on shares of United Airlines in a research note on Tuesday, November 26th. Finally, Susquehanna raised their price objective on shares of United Airlines from $70.00 to $85.00 and gave the company a "positive" rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $96.15.

Insider Activity at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the company's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the company's stock in a transaction that occurred on 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 approximately $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,000 shares of company stock valued at $8,158,900. 0.63% of the stock is owned by corporate insiders.

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.