BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Takes Position in United Airlines Holdings Inc $UAL

Key Points

• The British Columbia Investment Management Corp acquired a new stake in United Airlines Holdings Inc, purchasing 15,723 shares valued at approximately $1,086,000 in the first quarter.
• United Airlines recently reported earnings of $3.87 EPS for the quarter, surpassing estimates, with revenue up 1.4% year-over-year at $15.24 billion.
• Analysts are bullish on United Airlines, with several raising their price targets, resulting in a consensus target of $111.43 and an average rating of “Buy” from analysts.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 15,723 shares of the transportation company's stock, valued at approximately $1,086,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC acquired a new position in shares of United Airlines in the 4th quarter valued at $31,000. Hemington Wealth Management grew 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 buying an additional 160 shares during the period. Eastern Bank acquired a new position in shares of United Airlines in the 1st quarter valued at $35,000. Ameriflex Group Inc. acquired a new position in shares of United Airlines in the 4th quarter valued at $58,000. Finally, CENTRAL TRUST Co grew its holdings in shares of United Airlines by 57.2% in the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after buying an additional 297 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Trading Up 1.7%

Shares of NASDAQ:UAL opened at $104.13 on Wednesday. The company's 50-day moving average price is $88.53 and its two-hundred day moving average price is $81.80. 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 $40.96 and a one year high of $116.00. The stock has a market capitalization of $33.71 billion, a PE ratio of 10.43, a price-to-earnings-growth ratio of 1.32 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. During the same period in the previous year, the firm posted $4.14 EPS. The company's revenue for the quarter was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, equities analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on UAL shares. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Susquehanna boosted their price objective on shares of United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research report on Tuesday, July 15th. Barclays reaffirmed an "overweight" rating and issued a $100.00 price objective (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Bank of America boosted their price objective on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Finally, TD Cowen boosted their price objective on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, United Airlines has an average rating of "Buy" and a consensus target price of $111.43.

Insider Activity

In other news, Director Barney Harford sold 9,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total value of $879,840.00. Following the sale, the director directly owned 80,000 shares of the company's stock, valued at approximately $7,820,800. This represents a 10.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 sale, the director directly owned 829 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 106,791 shares of company stock worth $9,992,318. 0.63% of the stock is currently owned by company insiders.

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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