Ascent Group LLC Acquires Shares of 7,810 United Airlines Holdings Inc $UAL

Key Points

• Ascent Group LLC acquired 7,810 shares of United Airlines Holdings Inc, valued at approximately $539,000, during the first quarter of the year.
• Insider transactions included significant sales by Director Michelle Freyre and President Brett J. Hart, with Freyre selling 900 shares and Hart selling 24,772 shares, indicating reductions in their holdings.
• United Airlines reported an EPS of $3.87 for the last quarter, surpassing analyst expectations, along with a revenue of $15.24 billion despite falling short of projections.

Ascent Group LLC acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,810 shares of the transportation company's stock, valued at approximately $539,000.

Several other large investors also recently added to or reduced their stakes in UAL. Capital A Wealth Management LLC purchased a new stake in United Airlines in the 4th quarter valued at about $31,000. Hemington Wealth Management raised its holdings in shares of 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 purchasing an additional 160 shares in the last quarter. WPG Advisers LLC bought a new stake in shares of United Airlines in the 1st quarter valued at about $32,000. Eastern Bank bought a new stake in shares of United Airlines in the 1st quarter valued at about $35,000. Finally, Banque Transatlantique SA bought a new stake in shares of United Airlines in the 1st quarter valued at about $35,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Airlines

In related news, Director Michelle Freyre sold 900 shares of the firm's 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 $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the sale, the president directly owned 283,638 shares in the company, valued at approximately $25,385,601. The trade was a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock valued at $9,992,318 over the last quarter. Insiders own 0.71% of the company's stock.

United Airlines Stock Performance

NASDAQ:UAL opened at $107.51 on Thursday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The company has a fifty day moving average of $94.75 and a two-hundred day moving average of $82.15. The stock has a market capitalization of $34.80 billion, a PE ratio of 10.77, a P/E/G ratio of 1.37 and a beta of 1.47. United Airlines Holdings Inc has a fifty-two week low of $47.46 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. During the same period in the prior year, the business earned $4.14 earnings per share. 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. As a group, research analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on UAL. TD Cowen boosted their price target 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. Cowen restated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Evercore ISI restated an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. UBS Group boosted their price target on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, United Airlines presently 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.

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