Board of the Pension Protection Fund Purchases 3,400 Shares of United Airlines Holdings Inc $UAL

Key Points

• The Board of the Pension Protection Fund increased its holding in United Airlines by 39.5% in Q2, now owning a total of 12,000 shares valued at $956,000.
• United Airlines reported earnings of $3.87 per share for the latest quarter, exceeding estimates, and has set FY 2025 guidance at 9.000-11.000 EPS.
• Several analysts have upgraded their price targets for United Airlines, with Evercore ISI raising its target from $105 to $135 and Barclays lifting its target from $100 to $115.

Board of the Pension Protection Fund lifted its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 39.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,000 shares of the transportation company's stock after acquiring an additional 3,400 shares during the period. Board of the Pension Protection Fund's holdings in United Airlines were worth $956,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Hemington Wealth Management lifted its stake 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 purchasing an additional 160 shares during the last quarter. WPG Advisers LLC bought a new position in shares of United Airlines in the 1st quarter valued at $32,000. Eastern Bank bought a new position in United Airlines in the 1st quarter valued at approximately $35,000. Banque Transatlantique SA bought a new position in shares of United Airlines during the first quarter valued at $35,000. Finally, Strategic Investment Solutions Inc. IL raised its position in United Airlines by 44.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company's stock worth $46,000 after purchasing an additional 177 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Trading Down 4.6%

Shares of United Airlines stock opened at $96.67 on Friday. United Airlines Holdings Inc has a 12-month low of $52.00 and a 12-month high of $116.00. 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 company has a market capitalization of $31.29 billion, a P/E ratio of 9.69, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45. The stock has a fifty day simple moving average of $100.40 and a 200 day simple moving average of $84.99.

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. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same quarter in the prior year, the business posted $4.14 EPS. The business's 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, sell-side analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Evercore ISI raised their price objective on United Airlines from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday, September 29th. TD Cowen lifted their price objective on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Barclays lifted their price objective on United Airlines from $100.00 to $115.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Finally, Bank of America boosted their target price on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $120.64.

Insider Transactions at United Airlines

In other news, 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 transaction of $82,917.00. Following the completion of the transaction, the director directly owned 829 shares of the company's stock, valued at $76,375.77. This represents a 52.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Brett J. Hart sold 24,772 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the transaction, the president owned 283,638 shares of the company's stock, valued at $25,385,601. The trade was a 8.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,791 shares of company stock worth $9,992,318. Company insiders own 0.71% of the company's stock.

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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