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

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

Several other large investors have also recently bought and sold shares of UAL. Farther Finance Advisors LLC boosted its stake in United Airlines by 13.0% during the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after buying an additional 189 shares in the last quarter. Wahed Invest LLC boosted its position in shares of United Airlines by 13.7% during the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 192 shares in the last quarter. Cromwell Holdings LLC grew its stake in shares of United Airlines by 31.4% in the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after purchasing an additional 222 shares during the last quarter. Mather Group LLC. raised its holdings in shares of United Airlines by 26.6% in the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock worth $56,000 after purchasing an additional 247 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in United Airlines by 1.1% during the third quarter. Janney Montgomery Scott LLC now owns 22,404 shares of the transportation company’s stock worth $1,278,000 after buying an additional 248 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UAL shares. Sanford C. Bernstein boosted their target price on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Morgan Stanley boosted their price objective on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. TD Cowen boosted their price target on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Barclays raised their price objective on shares of United Airlines from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 16th. Finally, Jefferies Financial Group boosted their target price on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and an average price target of $78.94.

Insiders Place Their Bets

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Kate Gebo sold 17,500 shares of the business’s 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 transaction, the executive vice president now owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the transaction, the executive vice president now owns 30,427 shares in the company, valued at $2,190,744. The trade was 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 Stock Down 0.3 %

NASDAQ UAL opened at $89.13 on Wednesday. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $89.60. The stock has a market cap of $29.31 billion, a PE ratio of 10.75, a PEG ratio of 1.06 and a beta of 1.39. The firm has a 50-day simple moving average of $63.31 and a 200 day simple moving average of $53.42. 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) last issued its 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. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period in the prior year, the company posted $3.65 earnings per share. On average, research analysts forecast that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

United Airlines announced that its Board of Directors has approved a share buyback program on Tuesday, October 15th that permits the company to repurchase $1.50 billion in shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

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.