Candriam S.C.A. Invests $615,000 in United Airlines Holdings Inc $UAL

Key Points

• Candriam S.C.A. has purchased 8,907 shares of United Airlines Holdings Inc, valued at approximately $615,000, representing their new investment in the airline during the first quarter of the year.
• United Airlines recently reported $3.87 earnings per share for the quarter, slightly beating analysts' estimates, with a year-over-year revenue increase of 1.4% despite lower EPS compared to the previous year.
• Several institutional investors have increased their stakes in United Airlines, contributing to a total of 69.69% of the stock now held by institutional investors and hedge funds.

Candriam S.C.A. purchased a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 8,907 shares of the transportation company's stock, valued at approximately $615,000.

Several other large investors have also modified their holdings of the business. Banco Bilbao Vizcaya Argentaria S.A. boosted its position in shares of United Airlines by 26.2% during the first quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 10,085 shares of the transportation company's stock valued at $696,000 after buying an additional 2,091 shares during the period. Groupama Asset Managment boosted its position in shares of United Airlines by 89.8% during the first quarter. Groupama Asset Managment now owns 21,299 shares of the transportation company's stock valued at $1,496,000 after buying an additional 10,075 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of United Airlines by 91.1% during the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 45,090 shares of the transportation company's stock valued at $3,113,000 after buying an additional 21,495 shares during the period. Hsbc Holdings PLC boosted its position in shares of United Airlines by 3.7% during the first quarter. Hsbc Holdings PLC now owns 928,564 shares of the transportation company's stock valued at $63,921,000 after buying an additional 33,188 shares during the period. Finally, Quantbot Technologies LP boosted its position in shares of United Airlines by 365.1% during the first quarter. Quantbot Technologies LP now owns 109,115 shares of the transportation company's stock valued at $7,534,000 after buying an additional 85,654 shares during the period. Hedge funds and other institutional investors own 69.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on UAL shares. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Susquehanna boosted their target price on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research report on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. TD Cowen boosted their price target on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, Evercore ISI reiterated an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $111.43.

United Airlines Stock Up 0.8%

NASDAQ:UAL traded up $0.87 during trading hours on Thursday, reaching $105.08. The company's stock had a trading volume of 3,985,769 shares, compared to its average volume of 7,860,423. The company has a market capitalization of $34.02 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.48. United Airlines Holdings Inc has a 12 month low of $41.63 and a 12 month high of $116.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The stock has a 50 day moving average price of $89.13 and a two-hundred day moving average price of $81.96.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. The company had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. United Airlines's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Michelle Freyre sold 900 shares of the business's stock in a transaction that occurred 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 transaction, the director 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kate Gebo sold 29,953 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total transaction 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 $4,439,954.64. This trade represents a 39.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,791 shares of company stock valued at $9,992,318 over the last ninety days. Company insiders own 0.71% of the company's stock.

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.