Qsemble Capital Management LP Grows Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Qsemble Capital Management LP boosted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,681 shares of the transportation company’s stock after acquiring an additional 994 shares during the period. Qsemble Capital Management LP’s holdings in United Airlines were worth $1,180,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UAL. Daiwa Securities Group Inc. boosted its position in shares of United Airlines by 8.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 20,022 shares of the transportation company’s stock worth $1,142,000 after purchasing an additional 1,563 shares in the last quarter. Centaurus Financial Inc. raised its holdings in United Airlines by 33.0% in the third quarter. Centaurus Financial Inc. now owns 6,188 shares of the transportation company’s stock worth $353,000 after buying an additional 1,534 shares during the last quarter. Cerity Partners LLC raised its holdings in United Airlines by 111.9% in the third quarter. Cerity Partners LLC now owns 49,581 shares of the transportation company’s stock worth $2,829,000 after buying an additional 26,188 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of United Airlines by 1,886.6% in the third quarter. Icon Wealth Advisors LLC now owns 52,584 shares of the transportation company’s stock worth $3,000,000 after buying an additional 49,937 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after acquiring an additional 908,558 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

United Airlines stock opened at $96.51 on Wednesday. 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 stock has a market cap of $31.74 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 1.15 and a beta of 1.39. The firm has a 50-day moving average of $73.21 and a two-hundred day moving average of $56.57. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $101.60.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, beating 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 last year, the firm posted $3.65 earnings per share. On average, research analysts forecast that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines declared that its Board of Directors has authorized a share repurchase plan on Tuesday, October 15th that permits the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 7.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

Insider Buying and Selling at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’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 in the company, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 directly owns 63,599 shares of the company’s stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 92,000 shares of company stock worth $8,158,900 over the last quarter. Insiders own 0.63% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UAL shares. TD Cowen increased their target price on United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a report on Tuesday, November 19th. UBS Group reaffirmed a “buy” rating and issued a $139.00 price objective on shares of United Airlines in a research note on Tuesday. Sanford C. Bernstein lifted their price objective on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Susquehanna upped their target price on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research report on Thursday, October 17th. Finally, Barclays raised their price objective on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $96.15.

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.