Encompass More Asset Management Invests $264,000 in United Airlines Holdings, Inc. (NASDAQ:UAL)

Encompass More Asset Management bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,619 shares of the transportation company’s stock, valued at approximately $264,000.

A number of other large investors have also recently bought and sold shares of the company. Castle Hook Partners LP raised its stake in shares of United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares during the last quarter. Point72 Asset Management L.P. raised its position in United Airlines by 489.2% during the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock valued at $111,687,000 after acquiring an additional 1,905,664 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in United Airlines by 29.1% in the second quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock valued at $272,559,000 after acquiring an additional 1,263,604 shares during the period. Rubric Capital Management LP purchased a new stake in United Airlines in the 3rd quarter worth approximately $63,486,000. Finally, Sanders Capital LLC boosted its position in United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after purchasing an additional 1,040,589 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Activity

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction dated Friday, November 1st. The shares were 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 directly owns 40,012 shares in the company, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now owns 30,427 shares in the company, valued at approximately $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,000 shares of company stock valued at $8,158,900. 0.63% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UAL shares. TD Cowen boosted their target price on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Jefferies Financial Group upped their price objective on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Susquehanna raised 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. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley increased their price target on United Airlines from $80.00 to $88.00 and gave the stock an “overweight” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $96.15.

United Airlines Stock Up 0.5 %

Shares of NASDAQ:UAL opened at $96.83 on Friday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $101.60. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The business has a fifty day moving average of $75.84 and a two-hundred day moving average of $57.44. The stock has a market cap of $31.85 billion, a P/E ratio of 11.68, a PEG ratio of 1.15 and a beta of 1.39.

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, topping the consensus estimate of $3.10 by $0.23. The firm 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 period last year, the business earned $3.65 earnings per share. On average, research analysts expect that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

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

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.