Groupama Asset Managment Raises Stock Holdings in United Airlines Holdings Inc $UAL

Key Points

• Groupama Asset Managment increased its stake in United Airlines by 89.8%, acquiring an additional 10,075 shares during the 1st quarter, bringing its total holdings to 21,299 shares valued at approximately $1.5 million.
• Insider trading activity showed that President Brett J. Hart sold 24,772 shares at an average price of $89.50, indicating an 8.03% decrease in his ownership.
• Analysts have set a range of price targets for United Airlines, with TD Cowen raising its target from $101 to $127 and the consensus price now at $111.43.

Groupama Asset Managment increased its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 89.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,299 shares of the transportation company's stock after purchasing an additional 10,075 shares during the quarter. Groupama Asset Managment's holdings in United Airlines were worth $1,496,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital A Wealth Management LLC acquired a new stake in shares of United Airlines during the 4th quarter worth about $31,000. Hemington Wealth Management increased its position in shares of United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after purchasing an additional 160 shares during the last quarter. Eastern Bank acquired a new stake in shares of United Airlines during the 1st quarter worth about $35,000. Ameriflex Group Inc. acquired a new stake in shares of United Airlines during the 4th quarter worth about $58,000. Finally, CENTRAL TRUST Co increased its position in shares of United Airlines by 57.2% during the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after purchasing an additional 297 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Up 6.0%

UAL stock traded up $5.80 during trading on Friday, hitting $102.98. 6,037,970 shares of the company's stock were exchanged, compared to its average volume of 5,119,551. The business has a 50-day moving average price of $87.45 and a two-hundred day moving average price of $81.89. The stock has a market capitalization of $33.34 billion, a price-to-earnings ratio of 10.32, a PEG ratio of 1.33 and a beta of 1.48. United Airlines Holdings Inc has a 52-week low of $40.96 and a 52-week high of $116.00. 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 posted 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 firm had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The firm's revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, equities research analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insider Buying and Selling

In other United Airlines news, Director Barney Harford sold 9,000 shares of the business's stock in a transaction that occurred 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 approximately $7,820,800. The trade was a 10.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the business's stock in a transaction that occurred 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 represents a 24.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock valued at $9,992,318 in the last 90 days. Company insiders own 0.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. UBS Group lifted their target price on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Evercore ISI reaffirmed an "outperform" rating and issued a $105.00 target price on shares of United Airlines in a research report on Thursday, July 17th. Susquehanna lifted their price objective on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research note on Tuesday, July 15th. Finally, Bank of America lifted their price objective on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $111.43.

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.