Edgestream Partners L.P. has significantly reduced its stake in United Airlines Holdings Inc., trimming its holdings by 83.9% in the second quarter, according to a recent Form 13F filing. The firm sold 54,062 shares during the period, leaving it with 10,360 shares. At the end of the most recent quarter, Edgestream Partners L.P.'s remaining holdings in United were valued at $825,000. This disclosure of institutional selling follows a recent notable insider transaction. On December 3rd, United's CEO, J Scott Kirby, sold 120,000 shares of the company's stock. That sale, at an average price of $107.86, amounted to a total value of over $12.9 million. Other institutional investors have also recently made changes to their positions in UAL. No specific market reaction analysis related to the announcement of Edgestream Partners L.P.'s reduced position was available in the search results.
Institutional Investor Edgestream Partners L.P. Reduces UAL Holdings by Over 80%
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