United Airlines Holdings, Inc. (NASDAQ:UAL) is Castle Hook Partners LP's 6th Largest Position

Castle Hook Partners LP raised its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 176.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,245,120 shares of the transportation company's stock after purchasing an additional 2,707,442 shares during the quarter. United Airlines accounts for approximately 4.5% of Castle Hook Partners LP's holdings, making the stock its 6th biggest position. Castle Hook Partners LP owned about 1.29% of United Airlines worth $242,227,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Global Trust Asset Management LLC bought a new position in United Airlines in the 3rd quarter worth $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in United Airlines in the second quarter worth about $30,000. UMB Bank n.a. raised its stake in shares of United Airlines by 59.7% in the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company's stock worth $33,000 after buying an additional 255 shares during the period. Armstrong Advisory Group Inc. purchased a new position in shares of United Airlines during the 3rd quarter valued at about $36,000. Finally, Quest Partners LLC grew its stake in shares of United Airlines by 3,504.8% during the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company's stock valued at $37,000 after acquiring an additional 736 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

Wall Street Analyst Weigh In

UAL has been the topic of several analyst reports. Barclays lifted their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. UBS Group restated a "buy" rating and set a $139.00 target price on shares of United Airlines in a research note on Tuesday. Susquehanna upped their target price 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. Citigroup raised their price target on United Airlines from $98.00 to $122.00 and gave the company a "buy" rating in a report on Tuesday. Finally, TD Cowen upped their price objective on United Airlines from $100.00 to $125.00 and gave the stock a "buy" rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat.com, United Airlines currently has an average rating of "Moderate Buy" and an average target price of $96.15.

Insider Buying and Selling

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm's 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 sale, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. This trade represents a 32.27 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the transaction, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,000 shares of company stock worth $8,158,900. Corporate insiders own 0.63% of the company's stock.

United Airlines Price Performance

Shares of UAL traded down $0.16 during mid-day trading on Thursday, hitting $96.35. 3,140,781 shares of the stock were exchanged, compared to its average volume of 8,387,095. The firm has a 50-day moving average of $74.95 and a two-hundred day moving average of $57.13. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $101.60. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The company has a market cap of $31.69 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.15 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results 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 company had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same quarter in the prior year, the firm earned $3.65 earnings per share. On average, equities analysts predict that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines declared that its Board of Directors has initiated 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 board of directors believes its shares are 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.