Free Trial

Charles Schwab Investment Management Inc. Reduces Position in United Airlines Holdings Inc (NASDAQ:UAL)

United Airlines logo with Transportation background

Key Points

  • Charles Schwab Investment Management Inc. reduced its stake in United Airlines Holdings Inc by 1.1%, owning approximately 3,080,725 shares valued at $212,724,000 by the end of the first quarter.
  • Other investors, such as Pacer Advisors Inc. and Sanders Capital LLC, made significant increases to their holdings in United Airlines, with Pacer Advisors raising their position by 10,777.6% during the same period.
  • Analysts have mixed views on United Airlines, with a consensus rating of "Buy" and price targets ranging from $88.00 to $111.43, reflecting varying expectations about the company's future performance.
  • Looking to Export and Analyze United Airlines Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Charles Schwab Investment Management Inc. cut its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,080,725 shares of the transportation company's stock after selling 34,189 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.94% of United Airlines worth $212,724,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in UAL. Pacer Advisors Inc. lifted its holdings in 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 buying an additional 5,021,511 shares in the last quarter. Sanders Capital LLC lifted its holdings in United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock valued at $1,344,671,000 after buying an additional 4,390,721 shares in the last quarter. Senator Investment Group LP lifted its holdings in United Airlines by 214.8% during the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company's stock valued at $316,648,000 after buying an additional 2,225,000 shares in the last quarter. Capital World Investors lifted its holdings in United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock valued at $950,461,000 after buying an additional 1,791,654 shares in the last quarter. Finally, Susquehanna Advisors Group Inc. bought a new stake in United Airlines during the 4th quarter valued at about $173,211,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on UAL. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a report on Tuesday, April 22nd. Susquehanna boosted their price target on shares of United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a report on Tuesday, July 15th. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Finally, Cowen restated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $111.43.

Get Our Latest Analysis on UAL

Insiders Place Their Bets

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction that occurred 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 sale, the president 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michelle Freyre sold 900 shares of the business's stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director directly owned 829 shares in the company, valued at approximately $76,375.77. This represents a 52.05% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 45,672 shares of company stock valued at $4,144,411. Insiders own 0.71% of the company's stock.

United Airlines Trading Up 1.5%

NASDAQ UAL opened at $89.29 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The firm has a market cap of $28.91 billion, a PE ratio of 8.95, a price-to-earnings-growth ratio of 1.15 and a beta of 1.48. The company has a 50 day moving average price of $83.71 and a 200 day moving average price of $82.40. United Airlines Holdings Inc has a 52 week low of $40.13 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion for 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 was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.14 EPS. As a group, sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

About United Airlines

(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.

Further Reading

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL - Free Report).

Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in United Airlines Right Now?

Before you consider United Airlines, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Airlines wasn't on the list.

While United Airlines currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Growth Stocks That Could Pop Before Summer Ends
3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines