Caxton Associates LLP Buys Shares of 32,665 United Airlines Holdings Inc $UAL

Key Points

• Caxton Associates LLP has acquired 32,665 shares of United Airlines Holdings Inc, valued at approximately $2,256,000, marking a newly established stake in the company.
• United Airlines has seen increased activity among institutional investors, with 69.69% of its stock now owned by such entities, including significant boosts in positions from firms like Vanguard and Pacer Advisors.
• The company's stock is currently rated as a Buy by analysts, with a consensus price target of $111.43, reflecting positive sentiment about its future performance.

Caxton Associates LLP bought a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 32,665 shares of the transportation company's stock, valued at approximately $2,256,000.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in United Airlines by 1.1% during the first quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company's stock valued at $2,552,200,000 after purchasing an additional 413,753 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in United Airlines by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company's stock valued at $415,011,000 after purchasing an additional 125,284 shares during the last quarter. Pacer Advisors Inc. lifted its position in United Airlines by 10,777.6% during the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after purchasing an additional 5,021,511 shares during the last quarter. Invesco Ltd. lifted its position in United Airlines by 26.1% during the first quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company's stock valued at $321,855,000 after purchasing an additional 964,388 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings 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 worth $275,203,000 after acquiring an additional 1,847,884 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors.

United Airlines Stock Up 1.1%

Shares of NASDAQ UAL opened at $107.77 on Tuesday. 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 52 week low of $46.58 and a 52 week high of $116.00. The firm's fifty day moving average is $93.70 and its 200 day moving average is $81.81. The company has a market cap of $34.89 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 1.38 and a beta of 1.47.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its 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 company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. During the same period in the previous year, the firm earned $4.14 earnings per share. The firm'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 research analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Cowen restated a "buy" rating on shares of United Airlines in a 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 stock a "buy" rating in a report on Friday, July 18th. UBS Group boosted their price objective on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. TD Cowen boosted their price objective on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Finally, Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, United Airlines has a consensus rating of "Buy" and a consensus price target of $111.43.

Insider Buying and Selling at United Airlines

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the transaction, the president directly owned 283,638 shares of the company's stock, valued at approximately $25,385,601. The trade was a 8.03% 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 Barney Harford sold 15,823 shares of the business's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the transaction, the director directly owned 89,000 shares in the company, valued at approximately $8,012,670. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,791 shares of company stock worth $9,992,318. 0.63% of the stock is owned by corporate insiders.

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.

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