3,479 Shares in United Airlines Holdings Inc $UAL Bought by Gallacher Capital Management LLC

Key Points

• Gallacher Capital Management LLC has acquired 3,479 shares of United Airlines Holdings Inc, valued at approximately $277,000, marking a new investment in the company during the 2nd quarter.
• Insider transactions include Director Michelle Freyre selling 900 shares and EVP Torbjorn J. Enqvist selling 20,000 shares, indicating notable changes in executive stock holdings.
• United Airlines reported earnings of $3.87 per share, beating estimates, with a market cap of $33.85 billion and a revenue of $15.24 billion for the recent quarter.

Gallacher Capital Management LLC purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,479 shares of the transportation company's stock, valued at approximately $277,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wedbush Securities Inc. grew 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 purchasing an additional 147 shares during the period. Forum Financial Management LP grew its position in United Airlines by 2.7% during the fourth quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock valued at $556,000 after buying an additional 148 shares during the period. Principal Securities Inc. increased its holdings in United Airlines by 2.0% during the first quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock worth $536,000 after buying an additional 149 shares during the last quarter. Creative Financial Designs Inc. ADV raised its position in United Airlines by 15.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock worth $77,000 after acquiring an additional 150 shares during the period. Finally, Kendall Capital Management raised its position in United Airlines by 2.2% in the first quarter. Kendall Capital Management now owns 6,900 shares of the transportation company's stock worth $476,000 after acquiring an additional 150 shares during the period. Institutional investors own 69.69% of the company's stock.

Insider Buying and Selling at United Airlines

In other news, Director Michelle Freyre sold 900 shares of the company's stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the transaction, the director owned 829 shares of the company's stock, valued at approximately $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the transaction, the executive vice president owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. The trade was a 24.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,791 shares of company stock worth $9,992,318 in the last ninety days. Insiders own 0.63% of the company's stock.

United Airlines Stock Performance

NASDAQ:UAL opened at $104.55 on Tuesday. The business's fifty day moving average is $96.25 and its 200 day moving average is $82.20. The firm has a market cap of $33.85 billion, a price-to-earnings ratio of 10.48, a PEG ratio of 1.38 and a beta of 1.47. 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 52-week low of $50.31 and a 52-week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its 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 business 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 firm earned $4.14 EPS. The company's quarterly revenue 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. Research analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UAL. TD Cowen raised their price target on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their target price on United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research report on Friday. Wall Street Zen cut United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. UBS Group lifted their price objective on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Finally, Bank of America boosted 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 analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, United Airlines has an average rating of "Buy" and a consensus target price of $112.57.

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.

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