Aigen Investment Management LP Has $1.08 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Aigen Investment Management LP grew its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 87.2% during the third quarter, HoldingsChannel.com reports. The firm 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.

A number of other institutional investors have also made changes to their positions in UAL. Capital International Investors increased its stake in United Airlines by 2.4% in the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock valued at $885,912,000 after purchasing an additional 429,501 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of United Airlines by 29.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after buying an additional 1,263,604 shares in the last quarter. Point72 Asset Management L.P. raised its stake in United Airlines by 489.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock worth $111,687,000 after buying an additional 1,905,664 shares during the period. Interval Partners LP bought a new position in United Airlines during the first quarter worth about $103,354,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of United Airlines by 177.6% in the third quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock worth $75,570,000 after acquiring an additional 847,348 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UAL has been the topic of several recent analyst reports. Bank of America lifted their price objective on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, October 17th. Susquehanna increased their price objective 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. Barclays boosted their price objective on shares of United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, October 16th. TD Cowen increased their target price on United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, 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 report on Thursday, October 17th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Insiders Place Their Bets

In related news, EVP Kate Gebo sold 17,500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 40,012 shares in the company, valued at approximately $3,218,565.28. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of the sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.63% of the company’s stock.

United Airlines Stock Down 0.3 %

United Airlines stock opened at $89.13 on Wednesday. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $89.60. The firm has a market capitalization of $29.31 billion, a PE ratio of 10.75, a P/E/G ratio of 1.06 and a beta of 1.39. The company’s 50-day moving average is $63.31 and its 200-day moving average is $53.42. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The company had revenue of $14.84 billion during the quarter, compared to analysts’ expectations 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 last year, the firm posted $3.65 earnings per share. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in shares. This repurchase authorization authorizes the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management 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.