Allspring Global Investments Holdings LLC Decreases Holdings in United Airlines Holdings Inc $UAL

Key Points

• Allspring Global Investments Holdings LLC has reduced its stake in United Airlines Holdings Inc by 2.6%, now holding approximately 449,956 shares valued at $36 million.
• Director Barney Harford and EVP Torbjorn J. Enqvist sold a total of 35,823 shares collectively, indicating a 15% and 24% decrease in their respective positions.
• United Airlines reported an EPS of $2.78 for the last quarter, exceeding analysts' expectations, while revenue increased by 2.6% year-over-year.

Allspring Global Investments Holdings LLC cut its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 2.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 449,956 shares of the transportation company's stock after selling 12,057 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.14% of United Airlines worth $36,019,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the business. Wedbush Securities Inc. boosted its holdings in United Airlines by 3.3% in the first 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 in the last quarter. Foster Group Inc. boosted its holdings in 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 acquiring an additional 148 shares in the last quarter. Principal Securities Inc. boosted its holdings in 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 acquiring an additional 149 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings 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 valued at $77,000 after acquiring an additional 150 shares in the last quarter. Finally, Kendall Capital Management boosted its holdings in United Airlines by 2.2% in the first quarter. Kendall Capital Management now owns 6,900 shares of the transportation company's stock valued at $476,000 after acquiring an additional 150 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Airlines news, Director Barney Harford sold 15,823 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $90.03, for a total value of $1,424,544.69. Following the completion of the transaction, the director owned 89,000 shares of the company's stock, valued at approximately $8,012,670. The trade was a 15.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 completion of the transaction, the executive vice president directly owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their position. 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 over the last quarter. 0.71% of the stock is owned by insiders.

United Airlines Stock Performance

Shares of United Airlines stock opened at $104.05 on Thursday. The stock has a market cap of $33.68 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 1.31 and a beta of 1.45. The firm's 50-day moving average is $101.26 and its 200 day moving average is $85.52. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year 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 announced its quarterly earnings results on Wednesday, October 15th. The transportation company reported $2.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.65 by $0.13. The company had revenue of $15.23 billion for the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. United Airlines's revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.33 EPS. United Airlines has set its Q4 2025 guidance at 3.000-3.500 EPS. Sell-side analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on UAL. Susquehanna boosted their target price on shares of United Airlines from $109.00 to $115.00 and gave the company a "positive" rating in a report on Friday, October 3rd. TD Cowen boosted their target price on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a report on Monday, July 21st. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Bank of America boosted their target price on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. boosted their target price on shares of United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a report on Friday, September 12th. Two analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, United Airlines presently has an average rating of "Buy" and an average target price of $120.64.

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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