Privium Fund Management UK Ltd Has $878,000 Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Privium Fund Management UK Ltd cut its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 72.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 15,407 shares of the transportation company's stock after selling 39,653 shares during the quarter. United Airlines comprises about 1.6% of Privium Fund Management UK Ltd's portfolio, making the stock its 2nd biggest position. Privium Fund Management UK Ltd's holdings in United Airlines were worth $878,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Global Trust Asset Management LLC purchased a new stake in shares of United Airlines during the third quarter worth about $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of United Airlines during the second quarter worth about $30,000. Armstrong Advisory Group Inc. acquired a new stake in shares of United Airlines during the third quarter worth about $36,000. Crewe Advisors LLC acquired a new stake in shares of United Airlines during the first quarter worth about $32,000. Finally, UMB Bank n.a. lifted its holdings in shares of United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company's stock worth $33,000 after purchasing an additional 255 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm's stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the transaction, the executive vice president now owns 30,427 shares of the company's stock, valued at $2,190,744. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction that occurred 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 in the company, valued at approximately $3,218,565.28. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

UAL has been the subject of a number of research reports. Morgan Stanley lifted their target price on United Airlines from $80.00 to $88.00 and gave the stock an "overweight" rating in a report on Thursday, October 17th. Susquehanna lifted their target price on United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a report on Thursday, October 17th. Sanford C. Bernstein lifted their target price on United Airlines from $68.00 to $85.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. TD Cowen boosted their price target on United Airlines from $80.00 to $100.00 and gave the company a "buy" rating in a report on Thursday, October 17th. Finally, Barclays boosted their price target on United Airlines from $66.00 to $75.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $78.94.

United Airlines Trading Up 0.8 %

Shares of United Airlines stock traded up $0.67 during trading hours on Wednesday, hitting $89.80. The company's stock had a trading volume of 7,157,572 shares, compared to its average volume of 8,506,743. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $92.28. The firm has a fifty day moving average of $64.21 and a 200-day moving average of $53.68. The stock has a market cap of $29.53 billion, a price-to-earnings ratio of 11.06, a P/E/G ratio of 1.06 and a beta of 1.39. 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 posted its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the prior year, the company earned $3.65 EPS. Research analysts forecast that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines declared that its board has authorized a stock buyback plan on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback plans are usually an indication 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.