Privium Fund Management UK Ltd Has $878,000 Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Privium Fund Management UK Ltd cut its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 72.0% during the 3rd quarter, Holdings Channel reports. The firm owned 15,407 shares of the transportation company’s stock after selling 39,653 shares during the quarter. United Airlines comprises 1.6% of Privium Fund Management UK Ltd’s portfolio, making the stock its 2nd biggest holding. Privium Fund Management UK Ltd’s holdings in United Airlines were worth $878,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Aigen Investment Management LP grew its stake in United Airlines by 87.2% in the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock valued at $1,079,000 after buying an additional 8,808 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in United Airlines by 6.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 35,901 shares of the transportation company’s stock worth $2,049,000 after buying an additional 2,065 shares in the last quarter. GSA Capital Partners LLP increased its holdings in United Airlines by 91.6% in the 3rd quarter. GSA Capital Partners LLP now owns 20,961 shares of the transportation company’s stock valued at $1,196,000 after buying an additional 10,019 shares during the period. Entropy Technologies LP increased its stake in United Airlines by 163.8% in the third quarter. Entropy Technologies LP now owns 45,841 shares of the transportation company’s stock valued at $2,616,000 after acquiring an additional 28,462 shares during the last quarter. Finally, Venturi Wealth Management LLC raised its position in United Airlines by 43.5% during the third quarter. Venturi Wealth Management LLC now owns 1,230 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 373 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Airlines

In related news, EVP Kate Gebo sold 17,500 shares of the 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 completion of the transaction, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kate Gebo sold 17,500 shares of the business’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 sale, the executive vice president now directly owns 40,012 shares of the company’s stock, valued at $3,218,565.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of United Airlines stock opened at $89.13 on Wednesday. The stock has a market capitalization of $29.31 billion, a P/E ratio of 10.75, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39. The business’s 50 day simple moving average is $63.31 and its two-hundred day simple 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 Holdings, Inc. has a one year low of $37.02 and a one year high of $89.60.

United Airlines (NASDAQ:UAL) last released its quarterly 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 quarter in the prior year, the company posted $3.65 EPS. 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 stock 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 reacquire up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America raised their price objective on United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Susquehanna increased their target price on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Barclays raised their price target on shares of United Airlines from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, October 16th. TD Cowen raised their price target on shares of United Airlines from $80.00 to $100.00 and gave the stock a “buy” rating in a report on Thursday, October 17th. Finally, Jefferies Financial Group boosted their price target on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, United Airlines has an average rating of “Moderate Buy” and an average target price of $78.94.

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.