22,600 Shares in United Airlines Holdings Inc $UAL Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp has acquired a new position in United Airlines Holdings Inc, purchasing 22,600 shares valued at approximately $1,561,000 during the first quarter.
• Institutional investors collectively own 69.69% of United Airlines' stock, with notable increases in stakes from firms like Vanguard Group and Pacer Advisors.
• United Airlines reported a quarterly EPS of $3.87, surpassing the consensus estimate, and has set its FY 2025 guidance at EPS between 9.000-11.000.

OMERS ADMINISTRATION Corp bought a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 22,600 shares of the transportation company's stock, valued at approximately $1,561,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UAL. Comerica Bank raised its stake in United Airlines by 13.5% in the 4th quarter. Comerica Bank now owns 62,154 shares of the transportation company's stock worth $6,035,000 after acquiring an additional 7,403 shares during the last quarter. Bison Wealth LLC purchased a new position in United Airlines in the 4th quarter worth $246,000. Mercer Global Advisors Inc. ADV raised its stake in United Airlines by 5.1% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 70,779 shares of the transportation company's stock worth $6,873,000 after acquiring an additional 3,450 shares during the last quarter. Aptus Capital Advisors LLC purchased a new position in United Airlines in the 4th quarter worth $221,000. Finally, Beck Bode LLC purchased a new position in shares of United Airlines during the 4th quarter valued at about $15,751,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

Shares of United Airlines stock traded down $0.11 on Thursday, hitting $106.05. The company's stock had a trading volume of 5,035,991 shares, compared to its average volume of 7,796,740. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. United Airlines Holdings Inc has a 1 year low of $44.57 and a 1 year high of $116.00. The firm has a fifty day moving average price of $92.02 and a 200-day moving average price of $82.01. The company has a market capitalization of $34.33 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 1.36 and a beta of 1.47.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The firm had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same quarter in the previous year, the business earned $4.14 EPS. United Airlines's revenue for the quarter was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, sell-side analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Barney Harford sold 9,000 shares of United Airlines stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total value of $879,840.00. Following the sale, the director directly owned 80,000 shares in the company, valued at approximately $7,820,800. The trade was a 10.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kate Gebo sold 6,343 shares of United Airlines stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total value of $620,408.83. Following the completion of the sale, the executive vice president owned 69,106 shares in the company, valued at approximately $6,759,257.86. The trade was a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock worth $9,992,318 in the last quarter. 0.71% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UAL shares. UBS Group lifted their price objective on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Susquehanna lifted their price objective on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research note on Tuesday, July 15th. Evercore ISI reiterated an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Finally, Bank of America lifted their price objective on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average price target of $111.43.

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.