Martingale Asset Management L P Acquires New Shares in United Airlines Holdings Inc $UAL

Key Points

• Martingale Asset Management L P acquired 12,316 shares of United Airlines Holdings Inc, valued at approximately $850,000, during the 1st quarter of the fiscal year.
• United Airlines reported earnings per share of $3.87, exceeding analysts' expectations, with a revenue of $15.24 billion for the same quarter.
• Institutional investors now own 69.69% of United Airlines' stock, signaling strong investor confidence in the company.

Martingale Asset Management L P purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 12,316 shares of the transportation company's stock, valued at approximately $850,000.

Several other large investors have also added to or reduced their stakes in UAL. Capital A Wealth Management LLC bought a new position in United Airlines in the 4th quarter valued at about $31,000. Hemington Wealth Management lifted its position in United Airlines by 50.6% in the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after acquiring an additional 160 shares in the last quarter. Eastern Bank bought a new position in United Airlines in the 1st quarter valued at about $35,000. CENTRAL TRUST Co lifted its position in United Airlines by 57.2% in the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after acquiring an additional 297 shares in the last quarter. Finally, Ameriflex Group Inc. bought a new position in United Airlines in the 4th quarter valued at about $58,000. Institutional investors own 69.69% of the company's stock.

Insider Buying and Selling

In related news, Director Barney Harford sold 9,000 shares of United Airlines stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total value of $879,840.00. Following the completion of the transaction, the director directly owned 80,000 shares in the company, valued at approximately $7,820,800. The trade was a 10.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction that occurred on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the completion of the transaction, the executive vice president owned 62,358 shares of the company's stock, valued at $5,750,654.76. This represents a 24.28% decrease in their ownership of the stock. 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. Insiders own 0.71% of the company's stock.

Analyst Ratings Changes

UAL has been the subject of several analyst reports. Barclays reiterated an "overweight" rating and issued a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. 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 research note on Monday, July 21st. Evercore ISI reiterated an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Finally, 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 research note on Friday, July 18th. Two investment 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's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $111.43.

United Airlines Stock Performance

Shares of NASDAQ:UAL traded up $0.87 during mid-day trading on Thursday, reaching $105.08. The company had a trading volume of 3,985,769 shares, compared to its average volume of 7,860,423. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The firm has a market cap of $34.02 billion, a price-to-earnings ratio of 10.53, a PEG ratio of 1.35 and a beta of 1.48. The company's 50-day moving average price is $89.13 and its 200-day moving average price is $81.96. United Airlines Holdings Inc has a one year low of $41.63 and a one year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. The company had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. United Airlines's revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

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.