Ameriprise Financial Inc. Has $105.62 Million Holdings in United Airlines Holdings Inc $UAL

Key Points

• Ameriprise Financial Inc. reduced its stake in United Airlines by 25.8%, selling 532,978 shares and owning approximately 1.53 million shares worth $105.6 million as of the latest reporting period.
• Several institutional investors have significantly increased their holdings in United Airlines, including Pacer Advisors Inc., which raised its stake by 10,777.6%.
• Analysts have varying opinions on United Airlines, with some downgrading it to a "hold" rating, while others have set price targets as high as $127.00, leading to a consensus "Buy" rating with a target price of $111.43.

Ameriprise Financial Inc. cut its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 25.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,529,544 shares of the transportation company's stock after selling 532,978 shares during the period. Ameriprise Financial Inc. owned approximately 0.47% of United Airlines worth $105,616,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of UAL. Pacer Advisors Inc. raised its position in shares of United Airlines by 10,777.6% during the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock worth $349,953,000 after purchasing an additional 5,021,511 shares during the period. Fred Alger Management LLC acquired a new stake in shares of United Airlines during the fourth quarter worth $155,860,000. Assenagon Asset Management S.A. raised its position in shares of United Airlines by 1,264.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,604,783 shares of the transportation company's stock worth $110,810,000 after purchasing an additional 1,487,167 shares during the period. Allianz Asset Management GmbH raised its position in shares of United Airlines by 1,575.1% during the first quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company's stock worth $88,203,000 after purchasing an additional 1,201,118 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of United Airlines by 783.1% during the first quarter. Victory Capital Management Inc. now owns 1,152,520 shares of the transportation company's stock valued at $79,582,000 after buying an additional 1,022,012 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Kate Gebo sold 6,343 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total transaction of $620,408.83. Following the completion of the sale, the executive vice president owned 69,106 shares in the company, valued at $6,759,257.86. This represents a 8.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michelle Freyre sold 900 shares of the stock in a transaction that occurred 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 sale, the director owned 829 shares of the company's stock, valued at approximately $76,375.77. The trade was a 52.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock worth $9,992,318 over the last 90 days. Company insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. TD Cowen lifted their price target on 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 downgraded United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Susquehanna lifted their price target on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a report on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Finally, UBS Group lifted their price target on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $111.43.

United Airlines Stock Up 0.8%

Shares of UAL traded up $0.87 during trading hours on Thursday, hitting $105.08. 3,985,769 shares of the company were exchanged, compared to its average volume of 7,860,423. The company has a market cap of $34.02 billion, a PE ratio of 10.53, a PEG ratio of 1.35 and a beta of 1.48. The firm's 50 day moving average is $89.13 and its 200-day moving average is $81.96. United Airlines Holdings Inc has a 52 week low of $41.63 and a 52 week high of $116.00. 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 (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion during the quarter, compared to the consensus estimate 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 was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, equities research analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

About United Airlines

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.