QRG Capital Management Inc. Cuts Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

QRG Capital Management Inc. reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 23.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,127 shares of the transportation company's stock after selling 18,100 shares during the period. QRG Capital Management Inc.'s holdings in United Airlines were worth $3,317,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Forum Financial Management LP lifted its stake in United Airlines by 5.8% during the 3rd quarter. Forum Financial Management LP now owns 5,575 shares of the transportation company's stock worth $318,000 after acquiring an additional 306 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of United Airlines by 1.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company's stock valued at $1,278,000 after acquiring an additional 248 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in shares of United Airlines in the 3rd quarter valued at about $194,000. Farther Finance Advisors LLC boosted its position in shares of United Airlines by 13.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company's stock valued at $94,000 after purchasing an additional 189 shares during the period. Finally, Affinity Investment Advisors LLC acquired a new stake in shares of United Airlines in the 3rd quarter valued at about $212,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Activity

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the firm's 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 in the company, valued at approximately $3,218,565.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company's stock in a transaction that occurred on Thursday, October 17th. The shares were 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company's stock.

United Airlines Stock Down 2.5 %

NASDAQ:UAL traded down $2.15 on Thursday, hitting $85.43. 5,284,291 shares of the company's stock were exchanged, compared to its average volume of 8,559,118. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The firm has a 50-day moving average price of $60.67 and a 200-day moving average price of $52.71. The company has a market cap of $28.10 billion, a P/E ratio of 10.37, a price-to-earnings-growth ratio of 0.92 and a beta of 1.39. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $87.84.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 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 business 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 business earned $3.65 EPS. As a group, analysts expect that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

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

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.