GC Wealth Management RIA LLC Acquires Shares of 3,811 United Airlines Holdings Inc $UAL

Key Points

• GC Wealth Management RIA LLC acquired 3,811 shares of United Airlines Holdings Inc, valued at approximately $303,000, as part of a trend where other institutional investors significantly increased their stakes in the company's stock.
• United Airlines' stock is currently down 3.5%, with a twelve-month low of $52.00 and a high of $116.00; the company reported earnings of $3.87 per share, exceeding estimates.
• Recent analyst upgrades have boosted United Airlines' target prices, with UBS Group raising theirs from $114.00 to $131.00 and other analysts mostly reinforcing a "Buy" rating across the board.

GC Wealth Management RIA LLC acquired a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 3,811 shares of the transportation company's stock, valued at approximately $303,000.

A number of other institutional investors have also added to or reduced their stakes in UAL. Pacer Advisors Inc. grew its holdings in shares of United Airlines by 10,777.6% in 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 in the last quarter. Alyeska Investment Group L.P. grew its holdings in shares of United Airlines by 86.4% in the first quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company's stock valued at $275,203,000 after purchasing an additional 1,847,884 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of United Airlines by 1,264.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,604,783 shares of the transportation company's stock valued at $110,810,000 after purchasing an additional 1,487,167 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of United Airlines by 334.6% in the first quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company's stock valued at $116,539,000 after purchasing an additional 1,380,804 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its holdings in shares of United Airlines by 1,575.1% in the first quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company's stock valued at $88,203,000 after purchasing an additional 1,201,118 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Stock Down 3.5%

NASDAQ:UAL opened at $93.15 on Thursday. 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 $30.16 billion, a price-to-earnings ratio of 9.33, a price-to-earnings-growth ratio of 1.25 and a beta of 1.45. The stock has a fifty day simple moving average of $99.34 and a 200-day simple moving average of $83.89. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56.

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. 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 the consensus estimate of $15.31 billion. During the same period last year, the company earned $4.14 earnings per share. 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. Analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on UAL shares. Cowen reissued a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Susquehanna raised their target price 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. TD Cowen raised their target price on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a report on Monday, July 21st. UBS Group raised their target price on shares of United Airlines from $114.00 to $131.00 and gave the company a "buy" rating in a report on Friday, September 26th. Finally, Evercore ISI raised their price target on United Airlines from $105.00 to $135.00 and gave the stock an "outperform" rating in a research report on Monday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $120.21.

Insider Buying and Selling at United Airlines

In other news, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction on Friday, July 25th. The stock was 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 directly owned 283,638 shares in the company, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the sale, the executive vice president owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,791 shares of company stock valued at $9,992,318. 0.71% of the stock is owned by company insiders.

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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