KLP Kapitalforvaltning AS Buys 32,200 Shares of United Airlines Holdings Inc $UAL

Key Points

• KLP Kapitalforvaltning AS increased its stake in United Airlines by 22.5% in the second quarter, acquiring an additional 32,200 shares, bringing its total ownership to 175,400 shares valued at approximately $13.97 million.
• Insider activity includes Kate Gebo, EVP, selling 6,343 shares and Brett J. Hart, President, selling 24,772 shares, indicating a decrease in insider ownership by 8.41% and 8.03% respectively.
• United Airlines recently reported earnings of $3.87 per share for the last quarter, exceeding the consensus estimate, and is projected to post 12.96 EPS for the current year.

KLP Kapitalforvaltning AS increased its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 22.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 175,400 shares of the transportation company's stock after purchasing an additional 32,200 shares during the quarter. KLP Kapitalforvaltning AS owned about 0.05% of United Airlines worth $13,967,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of UAL. Hemington Wealth Management grew its stake in shares of United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. WPG Advisers LLC acquired a new position in United Airlines in the first quarter valued at approximately $32,000. Eastern Bank acquired a new position in United Airlines in the first quarter valued at approximately $35,000. Banque Transatlantique SA acquired a new position in United Airlines in the first quarter valued at approximately $35,000. Finally, Strategic Investment Solutions Inc. IL lifted its holdings in United Airlines by 44.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company's stock valued at $46,000 after buying an additional 177 shares during the period. 69.69% of the stock is owned by institutional investors.

Insider Buying and Selling at United Airlines

In related news, EVP Kate Gebo sold 6,343 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total transaction of $620,408.83. Following the sale, the executive vice president directly owned 69,106 shares in the company, valued at $6,759,257.86. This trade represents a 8.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction 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 approximately $25,385,601. The trade was a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock valued at $9,992,318 over the last quarter. 0.71% of the stock is currently owned by corporate insiders.

United Airlines Trading Up 1.5%

UAL opened at $98.09 on Thursday. The firm's fifty day moving average is $99.90 and its two-hundred day moving average is $84.67. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The firm has a market cap of $31.75 billion, a PE ratio of 9.83, a price-to-earnings-growth ratio of 1.23 and a beta of 1.45. United Airlines Holdings Inc has a twelve month low of $52.00 and a twelve month high of $116.00.

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 company had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the business posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on UAL shares. Wall Street Zen lowered 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 objective 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. Cowen restated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Jefferies Financial Group increased their price objective on shares of United Airlines from $115.00 to $125.00 and gave the company a "buy" rating in a report on Wednesday, October 1st. Finally, TD Cowen increased their price objective on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $120.64.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.