Farther Finance Advisors LLC Lowers Stock Position in United Airlines Holdings Inc $UAL

Key Points

• Farther Finance Advisors LLC has reduced its holdings in United Airlines by 65.9%, decreasing its shares from 9,085 to 3,097, valued at $247,000.
• Multiple hedge funds, including Bison Wealth and GAMMA Investing LLC, have increased their stakes in United Airlines, with GAMMA raising its holdings by an impressive 7,225.9%.
• United Airlines reported $3.87 EPS in its latest quarterly earnings, beating analysts' expectations while indicating a net margin of 5.71% and revenue of $15.24 billion.

Farther Finance Advisors LLC lessened its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 65.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,097 shares of the transportation company's stock after selling 5,988 shares during the period. Farther Finance Advisors LLC's holdings in United Airlines were worth $247,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of UAL. Bison Wealth LLC purchased a new stake in United Airlines during the fourth quarter valued at approximately $246,000. Wealth Enhancement Advisory Services LLC lifted its position in United Airlines by 9.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,340 shares of the transportation company's stock valued at $2,266,000 after acquiring an additional 2,108 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in United Airlines by 45.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,034 shares of the transportation company's stock valued at $71,000 after acquiring an additional 324 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of United Airlines by 7,225.9% in the first quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock worth $24,898,000 after buying an additional 355,657 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of United Airlines by 8.5% in the first quarter. Rhumbline Advisers now owns 564,318 shares of the transportation company's stock worth $38,966,000 after buying an additional 44,414 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

Shares of UAL opened at $96.50 on Wednesday. United Airlines Holdings Inc has a 1-year low of $52.00 and a 1-year high of $116.00. The stock has a market cap of $31.24 billion, a PE ratio of 9.67, a P/E/G ratio of 1.28 and a beta of 1.47. The firm has a 50-day simple moving average of $99.29 and a two-hundred day simple moving average of $83.82. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. During the same quarter in the previous year, the business posted $4.14 earnings per share. The business's quarterly revenue 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. As a group, analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insider Transactions at United Airlines

In related news, Director Michelle Freyre sold 900 shares of the company's stock in a transaction 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 sale, the director owned 829 shares in the company, valued at $76,375.77. This represents a 52.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Brett J. Hart sold 24,772 shares of the company'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 completion of the sale, the president owned 283,638 shares of the company's stock, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock worth $9,992,318 over the last 90 days. Company insiders own 0.63% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on UAL shares. Evercore ISI raised their price target on shares of United Airlines from $105.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday. UBS Group increased their price objective on shares of United Airlines from $114.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, September 26th. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. TD Cowen raised their price target on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Bank of America raised their price target on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $115.93.

United Airlines 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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