Callan Family Office LLC acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,911 shares of the transportation company's stock, valued at approximately $869,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in United Airlines by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company's stock valued at $2,552,200,000 after buying an additional 413,753 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of United Airlines by 2.1% during the 1st 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 period. Pacer Advisors Inc. lifted its position in shares of United Airlines by 10,777.6% during the 1st 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 period. Invesco Ltd. lifted its position in shares of United Airlines by 26.1% during the 1st 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 period. Finally, Alyeska Investment Group L.P. lifted its position in shares of United Airlines by 86.4% during 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 acquiring an additional 1,847,884 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other United Airlines news, Director Barney Harford sold 15,823 shares of the company's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $90.03, for a total value of $1,424,544.69. Following the completion of the transaction, the director owned 89,000 shares of the company's stock, valued at $8,012,670. This represents a 15.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kate Gebo sold 29,953 shares of the company's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total value of $2,923,113.27. Following the completion of the transaction, the executive vice president directly owned 45,496 shares of the company's stock, valued at approximately $4,439,954.64. The trade was a 39.70% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 106,791 shares of company stock worth $9,992,318. Company insiders own 0.63% of the company's stock.
United Airlines Price Performance
Shares of UAL stock opened at $96.67 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a twelve month low of $52.00 and a twelve month high of $116.00. The company has a market cap of $31.29 billion, a P/E ratio of 9.69, a P/E/G ratio of 1.23 and a beta of 1.45. The business has a fifty day simple moving average of $100.40 and a 200 day simple moving average of $85.07.
United Airlines (NASDAQ:UAL - Get Free Report) last issued its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The business had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. During the same quarter in the prior year, the firm earned $4.14 EPS. The business's revenue for the quarter 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 forecast that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Weiss Ratings downgraded United Airlines from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, October 8th. UBS Group upped their target price on United Airlines from $114.00 to $131.00 and gave the company a "buy" rating in a research report on Friday, September 26th. Barclays upped their target price on United Airlines from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, October 1st. Susquehanna upped their target price on United Airlines from $109.00 to $115.00 and gave the company a "positive" rating in a research report on Friday, October 3rd. Finally, JPMorgan Chase & Co. upped their target price on United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Two equities 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, the stock currently has an average rating of "Buy" and an average price target of $120.64.
Read Our Latest Report on UAL
United Airlines Company Profile
(
Free Report)
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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