United Airlines Holdings Inc $UAL Shares Acquired by BI Asset Management Fondsmaeglerselskab A S

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its stake in United Airlines by 91.1%, acquiring an additional 21,495 shares, bringing its total holdings to 45,090 shares valued at $3.11 million.
• United Airlines reported earnings of $3.87 EPS for the last quarter, exceeding analysts' expectations, despite revenues slightly missing consensus estimates.
• Analysts are optimistic about United Airlines, with UBS and TD Cowen raising their price targets, while the stock maintains a consensus rating of "Buy".

BI Asset Management Fondsmaeglerselskab A S raised its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 91.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,090 shares of the transportation company's stock after acquiring an additional 21,495 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S's holdings in United Airlines were worth $3,113,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of United Airlines by 1.1% during the first quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company's stock valued at $2,552,200,000 after acquiring an additional 413,753 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United Airlines by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company's stock valued at $415,011,000 after acquiring an additional 125,284 shares during the last quarter. Pacer Advisors Inc. raised its holdings 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 valued at $349,953,000 after acquiring an additional 5,021,511 shares during the last quarter. Invesco Ltd. raised its holdings in shares of United Airlines by 26.1% during the first quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company's stock valued at $321,855,000 after acquiring an additional 964,388 shares during the last quarter. Finally, Castle Hook Partners LP raised its holdings in shares of United Airlines by 3.6% during the fourth quarter. Castle Hook Partners LP now owns 4,396,016 shares of the transportation company's stock valued at $426,853,000 after acquiring an additional 150,896 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Activity at United Airlines

In other United Airlines news, Director Barney Harford sold 9,000 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total transaction of $879,840.00. Following the completion of the sale, the director owned 80,000 shares of the company's stock, valued at $7,820,800. This trade represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction 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 completion of the sale, the director directly owned 829 shares of the company's stock, valued at $76,375.77. The trade was a 52.05% decrease in their ownership of the stock. 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 90 days. Corporate insiders own 0.71% of the company's stock.

United Airlines Trading Up 6.0%

UAL stock traded up $5.80 during midday trading on Friday, hitting $102.98. 6,037,970 shares of the company's stock were exchanged, compared to its average volume of 5,119,551. The business has a 50-day simple moving average of $87.45 and a two-hundred day simple moving average of $81.89. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The stock has a market capitalization of $33.34 billion, a PE ratio of 10.32, a P/E/G ratio of 1.33 and a beta of 1.48. United Airlines Holdings Inc has a 1-year low of $40.96 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its 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 analysts' expectations of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the firm earned $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, sell-side analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on UAL. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. UBS Group increased 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. Susquehanna increased 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. Barclays reaffirmed an "overweight" rating and issued a $100.00 price target (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Finally, Bank of America increased their price target on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $111.43.

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.