Bayforest Capital Ltd Purchases 8,534 Shares of United Airlines Holdings Inc $UAL

Key Points

• Bayforest Capital Ltd increased its stake in United Airlines Holdings Inc by 840.0%, acquiring an additional 8,534 shares, bringing their total holdings to 9,550 shares valued at approximately $760,000.
• Analysts have raised their price targets for United Airlines, with Evercore ISI setting a new target at $135.00, while the average consensus price target stands at $120.64.
• Insider trading activity includes notable sales, with EVP Torbjorn J. Enqvist selling 20,000 shares for over $1.8 million, and reported insider sales totaling approximately $9.99 million in the last ninety days.

Bayforest Capital Ltd lifted its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 840.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 9,550 shares of the transportation company's stock after purchasing an additional 8,534 shares during the quarter. Bayforest Capital Ltd's holdings in United Airlines were worth $760,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Wedbush Securities Inc. increased its stake 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 during the last quarter. Foster Group Inc. boosted its position in United Airlines by 2.8% during the second quarter. Foster Group Inc. now owns 5,392 shares of the transportation company's stock valued at $429,000 after buying an additional 148 shares during the period. Principal Securities Inc. boosted its position in United Airlines by 2.0% during the first quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock valued at $536,000 after buying an additional 149 shares during the period. Creative Financial Designs Inc. ADV boosted its position in United Airlines by 15.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock valued at $77,000 after buying an additional 150 shares during the period. Finally, Kendall Capital Management boosted its position in United Airlines by 2.2% during the first quarter. Kendall Capital Management now owns 6,900 shares of the transportation company's stock valued at $476,000 after buying an additional 150 shares during the period. Institutional investors own 69.69% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UAL shares. Susquehanna increased their target price on shares of United Airlines from $109.00 to $115.00 and gave the stock a "positive" rating in a report on Friday, October 3rd. Barclays increased their target price on shares of United Airlines from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, October 1st. Evercore ISI increased their target price on shares of United Airlines from $105.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, UBS Group increased their target price on shares of United Airlines from $114.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, September 26th. Two research 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 company. Based on data from MarketBeat.com, United Airlines has an average rating of "Buy" and a consensus price target of $120.64.

United Airlines Stock Performance

Shares of UAL opened at $99.25 on Tuesday. 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 Holdings Inc has a one year low of $52.00 and a one year high of $116.00. The company has a 50-day simple moving average of $100.65 and a two-hundred day simple moving average of $85.27. The firm has a market capitalization of $32.13 billion, a PE ratio of 9.94, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping the consensus estimate 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 analyst estimates of $15.31 billion. During the same period last year, the business posted $4.14 earnings per share. United Airlines'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. On average, analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Activity

In other news, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction that occurred on 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 directly owned 829 shares in the company, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the executive vice president directly owned 62,358 shares of the company's stock, valued at $5,750,654.76. This trade represents a 24.28% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 106,791 shares of company stock valued at $9,992,318. 0.63% of the stock is currently owned by insiders.

United Airlines Company 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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