Aristeia Capital L.L.C. Purchases Shares of 6,467 United Airlines Holdings Inc $UAL

Key Points

• Aristeia Capital L.L.C. has acquired a new stake in United Airlines Holdings Inc, purchasing 6,467 shares valued at approximately $447,000.
• United Airlines reported $3.87 EPS in its last quarterly earnings, surpassing the consensus estimate of $3.81, while revenue was slightly below expectations at $15.24 billion.
• Insider activity showed a significant sell-off, with EVP Torbjorn J. Enqvist selling 20,000 shares worth nearly $1.84 million, representing a 24.28% decrease in their ownership.

Aristeia Capital L.L.C. bought a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 6,467 shares of the transportation company's stock, valued at approximately $447,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in United Airlines in the 4th quarter valued at approximately $31,000. WPG Advisers LLC acquired a new stake in United Airlines in the 1st quarter valued at approximately $32,000. Hemington Wealth Management raised its position in United Airlines by 50.6% in the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after buying an additional 160 shares during the last quarter. Eastern Bank acquired a new stake in United Airlines in the 1st quarter valued at approximately $35,000. Finally, Banque Transatlantique SA acquired a new position in shares of United Airlines during the 1st quarter worth about $35,000. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Stock Up 0.5%

Shares of UAL opened at $106.59 on Monday. The firm has a market cap of $34.51 billion, a P/E ratio of 10.68, a price-to-earnings-growth 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 $44.85 and a 52 week high of $116.00. The firm's 50-day simple moving average is $93.14 and its 200 day simple moving average is $81.73.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $15.24 billion during 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 business's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Activity

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the sale, the executive vice president directly owned 62,358 shares in the company, valued at $5,750,654.76. This trade represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 shares were 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 trade represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,791 shares of company stock valued at $9,992,318. Company insiders own 0.63% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UAL shares. Evercore ISI restated an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Susquehanna increased their price objective on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Bank of America increased their price objective on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Finally, UBS Group increased their price objective on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Two research 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. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus 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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.