United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Acquired by Aigen Investment Management LP

Aigen Investment Management LP boosted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 87.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,912 shares of the transportation company's stock after purchasing an additional 8,808 shares during the quarter. Aigen Investment Management LP's holdings in United Airlines were worth $1,079,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Capital International Investors lifted its position in United Airlines by 2.4% during the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company's stock worth $885,912,000 after buying an additional 429,501 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in United Airlines by 29.1% during the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company's stock worth $272,559,000 after buying an additional 1,263,604 shares in the last quarter. Point72 Asset Management L.P. lifted its position in United Airlines by 489.2% during the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company's stock worth $111,687,000 after buying an additional 1,905,664 shares in the last quarter. Interval Partners LP purchased a new position in United Airlines during the first quarter worth approximately $103,354,000. Finally, Assenagon Asset Management S.A. lifted its position in United Airlines by 177.6% during the third quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company's stock worth $75,570,000 after buying an additional 847,348 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

UAL stock traded up $0.65 on Wednesday, reaching $89.78. The company had a trading volume of 8,039,851 shares, compared to its average volume of 8,514,291. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $92.28. 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's fifty day moving average is $64.21 and its 200 day moving average is $53.68. The company has a market cap of $29.53 billion, a P/E ratio of 10.83, a PEG ratio of 1.06 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping 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 company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the prior year, the company posted $3.65 EPS. On average, research analysts forecast 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 approved a share buyback plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

UAL has been the subject of several recent analyst reports. Barclays raised their target price on United Airlines from $66.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 16th. TD Cowen raised their target price on United Airlines from $80.00 to $100.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Susquehanna lifted their price objective on United Airlines from $70.00 to $85.00 and gave the company a "positive" rating in a research note on Thursday, October 17th. Sanford C. Bernstein lifted their price objective on United Airlines from $68.00 to $85.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Finally, Bank of America lifted their price objective on United Airlines from $70.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, United Airlines currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.94.

Insider Buying and Selling

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares of the company's stock, valued at approximately $2,190,744. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the transaction, the executive vice president now directly owns 30,427 shares of the company's stock, valued at approximately $2,190,744. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 owns 40,012 shares of the company's stock, valued at approximately $3,218,565.28. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company's stock.

United Airlines 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.