Quantinno Capital Management LP Boosts Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Quantinno Capital Management LP lifted its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 187.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 103,049 shares of the transportation company's stock after acquiring an additional 67,150 shares during the quarter. Quantinno Capital Management LP's holdings in United Airlines were worth $5,880,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of UAL. Global Trust Asset Management LLC bought a new stake in United Airlines in the third quarter worth $29,000. Strategic Investment Solutions Inc. IL bought a new stake in United Airlines during the second quarter valued at about $30,000. Armstrong Advisory Group Inc. bought a new stake in United Airlines during the third quarter valued at about $36,000. UMB Bank n.a. boosted its holdings in United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company's stock valued at $33,000 after acquiring an additional 255 shares during the period. Finally, Blue Trust Inc. boosted its holdings in United Airlines by 108.6% during the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company's stock valued at $43,000 after acquiring an additional 392 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UAL shares. Bank of America increased their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Melius Research raised shares of United Airlines to a "strong-buy" rating in a research report on Monday, December 2nd. Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. Morgan Stanley increased 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. Finally, Citigroup raised their price objective on shares of United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $96.15.

United Airlines Stock Performance

UAL traded down $2.16 on Friday, reaching $100.28. The company had a trading volume of 4,290,558 shares, compared to its average volume of 4,927,969. The company's fifty day moving average is $80.21 and its 200 day moving average is $58.99. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $105.09. The stock has a market cap 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 - Get Free Report) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the company earned $3.65 earnings per share. As a group, analysts predict that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

United Airlines declared that its board has approved a stock buyback plan 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 plans are usually a sign that the company's leadership believes its shares are undervalued.

Insider Activity at United Airlines

In other news, EVP Kate Gebo sold 17,500 shares of the stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction on 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. This trade represents a 48.54 % decrease in their ownership of the stock. 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 quarter. Company insiders own 0.63% of the company's stock.

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.