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

Qsemble Capital Management LP boosted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.0% in the 3rd quarter, Holdings Channel reports. The fund owned 20,681 shares of the transportation company’s stock after buying an additional 994 shares during the period. Qsemble Capital Management LP’s holdings in United Airlines were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Global Trust Asset Management LLC purchased a new stake in shares of United Airlines during the 3rd quarter worth about $29,000. Strategic Investment Solutions Inc. IL purchased a new position in United Airlines during the second quarter worth approximately $30,000. Armstrong Advisory Group Inc. purchased a new position in United Airlines during the third quarter worth approximately $36,000. UMB Bank n.a. increased its position in shares of United Airlines by 59.7% in the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after buying an additional 255 shares in the last quarter. Finally, Blue Trust Inc. raised its stake in shares of United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after buying an additional 392 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on UAL shares. UBS Group reissued a “buy” rating and issued a $139.00 price target on shares of United Airlines in a research note on Tuesday. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of United Airlines in a research note on Friday, November 15th. Morgan Stanley upped their price target on shares of United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. TD Cowen lifted their price objective on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a report on Tuesday, November 19th. Finally, Sanford C. Bernstein increased their target price on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, United Airlines has an average rating of “Moderate Buy” and an average target price of $96.15.

Insiders Place Their Bets

In related news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, the executive vice president now owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 shares were 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 owns 30,427 shares of the company’s stock, valued at $2,190,744. This trade represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,000 shares of company stock valued at $8,158,900 over the last quarter. 0.63% of the stock is owned by insiders.

United Airlines Trading Down 0.3 %

Shares of UAL opened at $96.51 on Wednesday. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $101.60. The firm has a market capitalization of $31.74 billion, a P/E ratio of 11.64, a P/E/G ratio of 1.15 and a beta of 1.39. The firm has a 50-day moving average price of $73.21 and a 200 day moving average price of $56.57. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same quarter in the prior year, the company posted $3.65 EPS. Sell-side 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 initiated a share buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are 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.