United Airlines Holdings Inc $UAL Shares Purchased by Bwcp LP

Key Points

• Bwcp LP increased its stake in United Airlines Holdings Inc by 13.7%, owning 356,223 shares worth approximately $24.6 million, making it the fund's 8th largest position.
• United Airlines reported earnings of $3.87 per share for the last quarter, exceeding estimates, with a net margin of 5.71% and projected FY 2025 guidance of 9.000-11.000 EPS.
• Analysts maintain a consensus rating of "Buy" for United Airlines stock, with target price adjustments from various firms, notably Bank of America raising it from $90 to $108.

Bwcp LP raised its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 13.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 356,223 shares of the transportation company's stock after buying an additional 42,833 shares during the period. United Airlines makes up about 5.0% of Bwcp LP's holdings, making the stock its 8th biggest holding. Bwcp LP owned approximately 0.11% of United Airlines worth $24,597,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Pacer Advisors Inc. boosted its position in United Airlines by 10,777.6% in the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after buying an additional 5,021,511 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of United Airlines by 86.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company's stock valued at $275,203,000 after purchasing an additional 1,847,884 shares in the last quarter. Fred Alger Management LLC acquired a new stake in shares of United Airlines in the 4th quarter valued at about $155,860,000. Assenagon Asset Management S.A. raised its stake in shares of United Airlines by 1,264.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,604,783 shares of the transportation company's stock valued at $110,810,000 after purchasing an additional 1,487,167 shares in the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of United Airlines by 334.6% in the 1st quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company's stock valued at $116,539,000 after purchasing an additional 1,380,804 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Barney Harford sold 9,000 shares of the firm's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total transaction of $879,840.00. Following the transaction, the director directly owned 80,000 shares of the company's stock, valued at $7,820,800. The trade was a 10.11% 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. 0.71% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of recent analyst reports. Susquehanna upped their target price on shares of United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research note on Tuesday, July 15th. Evercore ISI restated an "outperform" rating and issued a $105.00 target price on shares of United Airlines in a research report on Thursday, July 17th. Bank of America upped their target price on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Barclays restated an "overweight" rating and issued a $100.00 target price (up previously from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Two equities 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 company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $111.43.

United Airlines Stock Up 0.5%

Shares of United Airlines stock traded up $0.54 during midday trading on Friday, reaching $106.59. 3,634,117 shares of the company's stock traded hands, compared to its average volume of 4,646,877. The company has a market cap of $34.51 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.38 and a beta of 1.47. The company's 50 day simple moving average is $93.14 and its 200 day simple moving average is $81.87. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. United Airlines Holdings Inc has a 52 week low of $44.85 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share 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 for the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter last year, the firm earned $4.14 EPS. United Airlines'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. Equities analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

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.