Versor Investments LP Sells 8,100 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Versor Investments LP reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 60.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,300 shares of the transportation company's stock after selling 8,100 shares during the period. Versor Investments LP's holdings in United Airlines were worth $302,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in United Airlines by 5.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company's stock worth $55,634,000 after purchasing an additional 64,542 shares during the last quarter. Bessemer Group Inc. raised its position in shares of United Airlines by 47.4% in the 1st quarter. Bessemer Group Inc. now owns 5,471 shares of the transportation company's stock worth $261,000 after acquiring an additional 1,759 shares in the last quarter. Tidal Investments LLC raised its position in shares of United Airlines by 16.4% in the 1st quarter. Tidal Investments LLC now owns 17,429 shares of the transportation company's stock worth $835,000 after acquiring an additional 2,456 shares in the last quarter. Senator Investment Group LP raised its position in shares of United Airlines by 39.5% in the 2nd quarter. Senator Investment Group LP now owns 1,046,051 shares of the transportation company's stock worth $50,901,000 after acquiring an additional 296,051 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of United Airlines by 3.2% in the 3rd quarter. Principal Financial Group Inc. now owns 378,214 shares of the transportation company's stock worth $21,581,000 after acquiring an additional 11,601 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Up 0.0 %

UAL stock traded up $0.01 during mid-day trading on Friday, reaching $91.17. 4,470,000 shares of the company traded hands, compared to its average volume of 8,485,025. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $93.33. The firm's 50 day moving average price is $66.95 and its 200 day moving average price is $54.45. The stock has a market cap of $29.98 billion, a price-to-earnings ratio of 11.00, a P/E/G ratio of 1.06 and a beta of 1.39. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its 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 firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same quarter in the previous year, the business earned $3.65 EPS. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines announced that its Board of Directors has initiated a share repurchase plan on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Insider Transactions at United Airlines

In related news, 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 sale, the executive vice president now owns 40,012 shares of the company's stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 completion of the sale, the executive vice president now directly owns 30,427 shares in the company, valued at $2,190,744. This trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.63% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on UAL. Jefferies Financial Group lifted their price objective on United Airlines from $75.00 to $95.00 and gave the stock a "buy" rating in a research report on Monday, October 21st. The Goldman Sachs Group reissued a "buy" rating and issued a $119.00 price objective on shares of United Airlines in a research report on Friday. Susquehanna lifted their price objective on United Airlines from $70.00 to $85.00 and gave the stock a "positive" rating in a research report on Thursday, October 17th. Barclays raised their target price on United Airlines from $75.00 to $150.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, Morgan Stanley raised their target price on United Airlines from $80.00 to $88.00 and gave the company an "overweight" rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, United Airlines has a consensus rating of "Moderate Buy" and an average target price of $86.61.

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.