Kestra Investment Management LLC Purchases 4,300 Shares of United Airlines Holdings Inc $UAL

Key Points

• Kestra Investment Management LLC significantly increased its holdings in United Airlines, purchasing 4,300 shares to raise its position by 43.6%, bringing its total ownership to 14,160 shares valued at approximately $978,000.
• United Airlines reported earnings of $3.87 per share for the quarter, surpassing analyst expectations but slightly missing revenue forecasts with $15.24 billion in revenue.
• Insider trading activity includes Director Barney Harford selling 9,000 shares valued at $879,840, reflecting a 10.11% decrease in his position, while President Brett J. Hart sold 24,772 shares worth over $2.2 million.

Kestra Investment Management LLC increased its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 43.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,160 shares of the transportation company's stock after purchasing an additional 4,300 shares during the quarter. Kestra Investment Management LLC's holdings in United Airlines were worth $978,000 as of its most recent SEC filing.

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

United Airlines Stock Up 0.5%

Shares of UAL opened at $106.59 on Monday. United Airlines Holdings Inc has a 12 month low of $44.85 and a 12 month high of $116.00. The firm's 50 day moving average is $93.14 and its 200-day moving average is $81.73. The stock has a market capitalization of $34.51 billion, a PE ratio of 10.68, a P/E/G ratio of 1.38 and a beta of 1.47. 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 announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. During the same period last year, the firm earned $4.14 earnings per share. The business's revenue for the quarter was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities research analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Evercore ISI reissued an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Bank of America increased their price target on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Finally, Barclays restated an "overweight" rating and issued a $100.00 price target (up from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $111.43.

Insider Buying and Selling at United Airlines

In related news, Director Barney Harford sold 9,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total transaction of $879,840.00. Following the sale, the director owned 80,000 shares in the company, valued at approximately $7,820,800. This trade represents a 10.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Brett J. Hart sold 24,772 shares of the stock in a transaction that occurred 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 sale, the president owned 283,638 shares in the company, valued at $25,385,601. This represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,791 shares of company stock worth $9,992,318 in the last three months. Company insiders own 0.63% of the company's stock.

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.

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