Kera Capital Partners Inc. Buys Shares of 3,026 United Airlines Holdings Inc $UAL

Key Points

• Kera Capital Partners Inc. acquired 3,026 shares of United Airlines Holdings Inc., valued at approximately $241,000, in the 2nd quarter.
• United Airlines reported $3.87 earnings per share for the last quarter, surpassing the consensus estimate, with revenue growth of 1.4% year-over-year.
• Institutional investors own 69.69% of United Airlines, with several hedge funds recently increasing or initiating their stakes in the company.

Kera Capital Partners Inc. acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,026 shares of the transportation company's stock, valued at approximately $241,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. AG2R LA Mondiale Gestion D Actifs purchased a new stake in United Airlines in the first quarter worth approximately $454,000. Swedbank AB purchased a new stake in United Airlines in the first quarter worth approximately $52,000. Voya Investment Management LLC boosted its stake in United Airlines by 112.5% in the first quarter. Voya Investment Management LLC now owns 211,553 shares of the transportation company's stock worth $14,608,000 after buying an additional 111,994 shares in the last quarter. Strs Ohio purchased a new stake in United Airlines in the first quarter worth approximately $17,548,000. Finally, IFM Investors Pty Ltd purchased a new stake in United Airlines in the first quarter worth approximately $1,138,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Stock Up 0.0%

UAL stock traded up $0.05 during midday trading on Friday, hitting $105.43. The stock had a trading volume of 1,562,385 shares, compared to its average volume of 7,619,106. The firm has a market cap of $34.13 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 1.37 and a beta of 1.47. The business has a 50-day moving average of $97.49 and a two-hundred day moving average of $82.61. United Airlines Holdings Inc has a 52-week low of $51.44 and a 52-week high of $116.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65.

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 the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The firm's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm earned $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, equities research analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 6,343 shares of the 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 sale, the executive vice president directly owned 69,106 shares of the company's stock, valued at approximately $6,759,257.86. This represents a 8.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Brett J. Hart sold 24,772 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the sale, the president directly owned 283,638 shares in the company, valued at $25,385,601. This trade represents a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,791 shares of company stock valued at $9,992,318. 0.71% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on UAL shares. JPMorgan Chase & Co. upped their target price on United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research note on Friday, September 12th. Evercore ISI reiterated an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. UBS Group boosted their price objective on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Barclays reiterated an "overweight" rating and issued a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, United Airlines currently has an average rating of "Buy" and an average price target of $112.57.

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.