2,913 Shares in United Airlines Holdings Inc $UAL Purchased by Consolidated Portfolio Review Corp

Key Points

• Consolidated Portfolio Review Corp has acquired 2,913 shares of United Airlines Holdings Inc, valued at approximately $232,000, during the second quarter.
• A significant portion of United Airlines' stock, approximately 69.69%, is owned by institutional investors and hedge funds, with several firms recently increasing their stakes in the airline.
• Analyst ratings for United Airlines have been notably positive, with TD Cowen and UBS Group raising price targets to $127.00 and $131.00, respectively, and a consensus rating of "Buy" is currently held by the majority of analysts.

Consolidated Portfolio Review Corp purchased a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,913 shares of the transportation company's stock, valued at approximately $232,000.

A number of other hedge funds also recently made changes to their positions in UAL. Wedbush Securities Inc. raised its stake in United Airlines by 3.3% in the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock valued at $321,000 after acquiring an additional 147 shares during the period. Foster Group Inc. increased its holdings in shares of United Airlines by 2.8% in the second quarter. Foster Group Inc. now owns 5,392 shares of the transportation company's stock valued at $429,000 after purchasing an additional 148 shares during the last quarter. Principal Securities Inc. raised its position in shares of United Airlines by 2.0% in the first quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock valued at $536,000 after purchasing an additional 149 shares during the period. Creative Financial Designs Inc. ADV lifted its stake in shares of United Airlines by 15.6% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock worth $77,000 after buying an additional 150 shares during the last quarter. Finally, Kendall Capital Management boosted its holdings in shares of United Airlines by 2.2% during the 1st quarter. Kendall Capital Management now owns 6,900 shares of the transportation company's stock worth $476,000 after buying an additional 150 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on UAL shares. TD Cowen boosted their price objective on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a report on Monday, July 21st. UBS Group upped their price objective on United Airlines from $114.00 to $131.00 and gave the company a "buy" rating in a report on Friday, September 26th. Jefferies Financial Group increased their price objective on United Airlines from $115.00 to $125.00 and gave the stock a "buy" rating in a research report on Wednesday. Cowen reissued a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of "Buy" and an average target price of $120.21.

Insider Transactions at United Airlines

In other United Airlines news, Director Michelle Freyre sold 900 shares of the firm's stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.13, for a total value of $82,917.00. Following the sale, the director owned 829 shares of the company's stock, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 6,343 shares of the business's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total value of $620,408.83. Following the transaction, the executive vice president directly owned 69,106 shares of the company's stock, valued at $6,759,257.86. This trade represents a 8.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,791 shares of company stock worth $9,992,318. 0.71% of the stock is owned by insiders.

United Airlines Price Performance

UAL stock opened at $94.83 on Friday. The company's 50-day moving average price is $99.45 and its two-hundred day moving average price is $84.03. The firm has a market cap of $30.70 billion, a P/E ratio of 9.50, a P/E/G ratio of 1.21 and a beta of 1.45. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a 12 month low of $52.00 and a 12 month high of $116.00.

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

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.

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