United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 293.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,122 shares of the transportation company's stock after acquiring an additional 37,389 shares during the quarter. Edgestream Partners L.P.'s holdings in United Airlines were worth $2,860,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Appian Way Asset Management LP grew its position in United Airlines by 19.4% in the third quarter. Appian Way Asset Management LP now owns 282,406 shares of the transportation company's stock worth $16,114,000 after acquiring an additional 45,854 shares during the period. Captrust Financial Advisors lifted its stake in shares of United Airlines by 10.3% in the 3rd quarter. Captrust Financial Advisors now owns 16,104 shares of the transportation company's stock valued at $919,000 after purchasing an additional 1,499 shares during the last quarter. Skye Global Management LP purchased a new position in shares of United Airlines during the 3rd quarter worth $1,797,000. Rockefeller Capital Management L.P. increased its position in shares of United Airlines by 1,394.3% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 374,503 shares of the transportation company's stock worth $21,368,000 after purchasing an additional 349,441 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in United Airlines by 16.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 233,464 shares of the transportation company's stock valued at $13,321,000 after buying an additional 32,725 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Up 0.6 %

NASDAQ UAL traded up $0.61 on Monday, hitting $97.44. 3,467,401 shares of the stock were exchanged, compared to its average volume of 8,336,322. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The company has a 50-day moving average price of $75.84 and a 200-day moving average price of $57.45. The company has a market cap of $32.05 billion, a PE ratio of 11.75, a PEG ratio of 1.15 and a beta of 1.39. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $101.60.

United Airlines (NASDAQ:UAL - Get Free Report) last announced 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 return on equity of 30.72% and a net margin of 4.94%. The firm had revenue of $14.84 billion during the quarter, compared to the consensus estimate of $14.76 billion. During the same period in the prior year, the company posted $3.65 earnings per share. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines declared that its board has authorized a share repurchase plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

UAL has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a "buy" rating and set a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. Jefferies Financial Group lifted their target price on shares of United Airlines from $75.00 to $95.00 and gave the company a "buy" rating in a report on Monday, October 21st. Susquehanna upped their price target on United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a research note on Thursday, October 17th. Dbs Bank raised United Airlines from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. Finally, Barclays increased their target price on United Airlines from $75.00 to $150.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, United Airlines currently has a consensus rating of "Buy" and a consensus price target of $96.15.

Insider Transactions at United Airlines

In other news, 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 value 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 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 accessible through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $3,218,565.28. This represents a 30.43 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 92,000 shares of company stock worth $8,158,900. Corporate insiders own 0.63% of the company's stock.

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.