United Airlines Holdings Inc $UAL Holdings Raised by GMT Capital Corp

Key Points

• GMT Capital Corp increased its stake in United Airlines by 2.7%, owning 1,064,200 shares valued at approximately $73.48 million, making it the fund's 13th largest holding.
• Insider activity included a significant sale of 20,000 shares by EVP Torbjorn J. Enqvist and a sale of 6,343 shares by EVP Kate Gebo, indicating a decrease in their positions.
• Analysts maintain a positive outlook on United Airlines, with the average target price set at $111.43 and numerous firms reaffirming "buy" ratings following recent earnings results.

GMT Capital Corp increased its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 2.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,064,200 shares of the transportation company's stock after buying an additional 28,000 shares during the quarter. United Airlines comprises approximately 3.9% of GMT Capital Corp's holdings, making the stock its 13th largest position. GMT Capital Corp owned 0.33% of United Airlines worth $73,483,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vident Advisory LLC grew its stake in United Airlines by 25.5% during the 1st quarter. Vident Advisory LLC now owns 15,009 shares of the transportation company's stock worth $1,036,000 after buying an additional 3,048 shares during the last quarter. Magnetar Financial LLC bought a new position in United Airlines during the 1st quarter worth $4,497,000. Canada Pension Plan Investment Board grew its stake in United Airlines by 217.7% during the 1st quarter. Canada Pension Plan Investment Board now owns 223,599 shares of the transportation company's stock worth $15,440,000 after buying an additional 153,215 shares during the last quarter. WPG Advisers LLC bought a new position in United Airlines during the 1st quarter worth $32,000. Finally, State of Wyoming bought a new position in United Airlines during the 1st quarter worth $270,000. 69.69% of the stock is currently owned by institutional investors.

United Airlines Price Performance

Shares of United Airlines stock traded down $0.08 during trading on Monday, hitting $105.00. The stock had a trading volume of 2,865,826 shares, compared to its average volume of 4,587,003. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The firm has a market cap of $33.99 billion, a P/E ratio of 10.52, a PEG ratio of 1.36 and a beta of 1.47. The business has a fifty day moving average of $90.92 and a two-hundred day moving average of $81.68. United Airlines Holdings Inc has a fifty-two week low of $41.63 and a fifty-two week high of $116.00.

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 the consensus estimate of $3.81 by $0.06. The business had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company's revenue was up 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, sell-side analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. UBS Group upped their price objective on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Barclays reiterated an "overweight" rating and set a $100.00 price target (up previously from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. TD Cowen boosted their price target on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Cowen reiterated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a research 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $111.43.

Insiders Place Their Bets

In other news, Director Barney Harford sold 9,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total value of $879,840.00. Following the completion of the sale, the director owned 80,000 shares in the company, valued at $7,820,800. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the company's stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,791 shares of company stock valued at $9,992,318. 0.63% of the stock is currently owned by 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.