Graham Capital Management L.P. Makes New Investment in United Airlines Holdings Inc $UAL

Key Points

• Graham Capital Management L.P. acquired 43,924 shares of United Airlines Holdings Inc, valued at approximately $3,033,000, during the 1st quarter of the year.
• United Airlines reported earnings of $3.87 per share, exceeding expectations, but experienced a minor revenue shortfall compared to analyst estimates for the same quarter.
• Analyst ratings for United Airlines are predominantly positive, with a consensus price target of $111.43, indicating continued growth potential for the stock.

Graham Capital Management L.P. acquired a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 43,924 shares of the transportation company's stock, valued at approximately $3,033,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Capital A Wealth Management LLC bought a new stake in shares of United Airlines in the fourth quarter worth about $31,000. Hemington Wealth Management boosted its position in United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after acquiring an additional 160 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of United Airlines during the first quarter valued at approximately $32,000. Eastern Bank purchased a new position in shares of United Airlines during the first quarter valued at approximately $35,000. Finally, CENTRAL TRUST Co lifted its holdings 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 valued at $56,000 after purchasing an additional 297 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Price Performance

Shares of NASDAQ UAL traded up $1.48 during mid-day trading on Wednesday, hitting $106.16. 5,782,578 shares of the company's stock traded hands, compared to its average volume of 4,330,218. The company has a market capitalization of $34.37 billion, a P/E ratio of 10.64, a PEG ratio of 1.36 and a beta of 1.47. United Airlines Holdings Inc has a 1 year low of $43.80 and a 1 year high of $116.00. The company's 50-day moving average is $92.02 and its two-hundred day moving average is $82.01. 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 EPS for the quarter, beating the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion for 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 revenue was up 1.4% compared to the same quarter last year. During the same period 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, equities analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on UAL. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. UBS Group lifted their target price on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Evercore ISI reissued an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. TD Cowen boosted their price objective on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Barclays reaffirmed an "overweight" rating and issued a $100.00 target price (up previously from $94.00) on shares of United Airlines in a report 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 given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $111.43.

Insider Activity at United Airlines

In other United Airlines news, EVP Kate Gebo sold 29,953 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total value of $2,923,113.27. Following the transaction, the executive vice president directly owned 45,496 shares in the company, valued at $4,439,954.64. This represents a 39.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michelle Freyre sold 900 shares of the company's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the transaction, the director owned 829 shares in the company, valued at $76,375.77. This represents a 52.05% 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 three months. 0.63% of the stock is owned by insiders.

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.