Janney Montgomery Scott LLC Has $1.96 Million Holdings in United Airlines Holdings Inc $UAL

Key Points

• Janney Montgomery Scott LLC reduced its holdings in United Airlines by 24.6% in Q2, owning 24,595 shares valued at approximately $1.96 million.
• Multiple hedge funds increased their stakes in United Airlines, with Pacer Advisors Inc. raising its holdings by about 10,777.6%, significantly boosting their investment.
• Wall Street analysts have positive forecasts for United Airlines, with several firms lifting their price targets, including JPMorgan Chase, which raised its target from $122 to $149 per share.

Janney Montgomery Scott LLC lessened its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 24.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 24,595 shares of the transportation company's stock after selling 8,018 shares during the period. Janney Montgomery Scott LLC's holdings in United Airlines were worth $1,958,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of United Airlines by 1.1% during the first quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company's stock valued at $2,552,200,000 after buying an additional 413,753 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of United Airlines by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company's stock valued at $415,011,000 after buying an additional 125,284 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of United Airlines by 10,777.6% during the first 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 during the last quarter. Invesco Ltd. boosted its position in shares of United Airlines by 26.1% during the first quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company's stock valued at $321,855,000 after buying an additional 964,388 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in shares of United Airlines by 86.4% during 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 buying an additional 1,847,884 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 6,343 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total value of $620,408.83. Following the completion of the sale, the executive vice president owned 69,106 shares in the company, valued at approximately $6,759,257.86. This trade represents a 8.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barney Harford sold 9,000 shares of the 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 of the company's stock, valued at approximately $7,820,800. This trade represents a 10.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,791 shares of company stock worth $9,992,318. Insiders own 0.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UAL. JPMorgan Chase & Co. lifted their target price on United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Barclays lifted their price target on United Airlines from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, October 1st. Evercore ISI lifted their price target on United Airlines from $105.00 to $135.00 and gave the stock an "outperform" rating in a report on Monday, September 29th. Susquehanna lifted their price target on United Airlines from $109.00 to $115.00 and gave the stock a "positive" rating in a report on Friday, October 3rd. Finally, Weiss Ratings lowered United Airlines from a "buy (b-)" rating to a "hold (c+)" rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $120.64.

United Airlines Price Performance

UAL opened at $96.67 on Friday. The stock has a market capitalization of $31.29 billion, a P/E ratio of 9.69, a PEG ratio of 1.28 and a beta of 1.45. United Airlines Holdings Inc has a 12-month low of $52.00 and a 12-month high of $116.00. The stock has a 50-day moving average price of $100.40 and a 200-day moving average price of $84.94. 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 issued its earnings results 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 company 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%.United Airlines's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

About United Airlines

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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