Khrom Capital Management LLC Acquires 211,339 Shares of United Airlines Holdings Inc $UAL

Key Points

• Khrom Capital Management LLC increased its stake in United Airlines by 39.7%, acquiring an additional 211,339 shares, bringing its total holdings to 743,339 shares.
• Several institutional investors, including Vanguard Group Inc. and Pacer Advisors Inc., have also boosted their positions in United Airlines, reflecting a strong interest in the company among hedge funds.
• United Airlines reported earnings of $3.87 per share, exceeding analysts' expectations, while setting FY 2025 EPS guidance between 9.000-11.000.

Khrom Capital Management LLC increased its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 39.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 743,339 shares of the transportation company's stock after purchasing an additional 211,339 shares during the period. United Airlines accounts for 6.9% of Khrom Capital Management LLC's investment portfolio, making the stock its 6th largest holding. Khrom Capital Management LLC owned 0.23% of United Airlines worth $51,328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of UAL. Vanguard Group Inc. raised its holdings in shares of United Airlines by 1.1% in 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 increased its position in United Airlines by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company's stock valued at $415,011,000 after acquiring an additional 125,284 shares during the period. Pacer Advisors Inc. raised its stake in United Airlines by 10,777.6% during the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after acquiring an additional 5,021,511 shares during the last quarter. Invesco Ltd. lifted its position in United Airlines by 26.1% during the 1st quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company's stock worth $321,855,000 after acquiring an additional 964,388 shares during the period. Finally, Castle Hook Partners LP grew its stake in shares of United Airlines by 3.6% in the 4th quarter. Castle Hook Partners LP now owns 4,396,016 shares of the transportation company's stock valued at $426,853,000 after purchasing an additional 150,896 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Trading Down 0.1%

NASDAQ:UAL opened at $105.00 on Friday. United Airlines Holdings Inc has a 52-week low of $41.63 and a 52-week high of $116.00. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The stock has a fifty day simple moving average of $90.36 and a 200-day simple moving average of $81.81. The company has a market capitalization of $33.99 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $15.31 billion. During the same quarter in the previous year, the business posted $4.14 earnings per share. The firm's quarterly revenue 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. On average, equities research analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president directly owned 62,358 shares in the company, valued at approximately $5,750,654.76. This represents a 24.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Barney Harford sold 9,000 shares of the business's 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 completion of the transaction, the director directly owned 80,000 shares of the company's stock, valued at approximately $7,820,800. This represents a 10.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,791 shares of company stock valued at $9,992,318. Insiders own 0.71% of the company's stock.

Analysts Set New Price Targets

UAL has been the subject of several recent research reports. Susquehanna increased their price target on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a report on Tuesday, July 15th. Wall Street Zen downgraded shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Bank of America boosted their price target on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Sanford C. Bernstein restated 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 issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $111.43.

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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