RPG Investment Advisory LLC Buys New Position in United Airlines Holdings Inc $UAL

Key Points

• RPG Investment Advisory LLC has purchased 3,240 shares of United Airlines, valued at approximately $224,000, indicating growing institutional interest in the airline's stock.
• The transportation company's earnings per share for the last quarter was reported at $3.87, surpassing analyst expectations of $3.81, although revenue was slightly below estimates at $15.24 billion.
• Multiple analysts have recently raised their price targets for United Airlines, with UBS Group increasing theirs to $114.00 and maintaining a "buy" rating on the stock.

RPG Investment Advisory LLC acquired a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,240 shares of the transportation company's stock, valued at approximately $224,000.

Several other hedge funds also recently added to or reduced their stakes in UAL. Capital A Wealth Management LLC purchased a new position in shares of United Airlines during the fourth quarter worth $31,000. Hemington Wealth Management boosted its position in shares of United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after buying an additional 160 shares during the period. Eastern Bank purchased a new position in shares of United Airlines during the first quarter worth $35,000. Ameriflex Group Inc. purchased a new position in shares of United Airlines during the fourth quarter worth $58,000. Finally, CENTRAL TRUST Co boosted its position in shares of United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after buying an additional 297 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction on Friday, July 25th. The stock was 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kate Gebo sold 6,343 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were 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. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,791 shares of company stock valued at $9,992,318 over the last 90 days. 0.63% of the stock is currently owned by corporate insiders.

United Airlines Stock Up 6.0%

Shares of NASDAQ UAL traded up $5.80 during mid-day trading on Friday, hitting $102.98. The company had a trading volume of 6,037,970 shares, compared to its average volume of 5,158,545. The company has a market capitalization of $33.34 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 1.33 and a beta of 1.48. 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 Holdings Inc has a 1-year low of $40.96 and a 1-year high of $116.00. The business's 50-day simple moving average is $87.45 and its 200 day simple moving average is $81.69.

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

Analysts Set New Price Targets

UAL has been the subject of several research analyst reports. Bank of America raised their price target on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Barclays restated an "overweight" rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. TD Cowen increased their price objective on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, UBS Group increased 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. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, United Airlines presently has an average rating of "Buy" and an average target price of $111.43.

United Airlines 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.