MBB Public Markets I LLC Takes $296,000 Position in United Airlines Holdings Inc $UAL

Key Points

• MBB Public Markets I LLC acquired a new stake in United Airlines during the first quarter, purchasing 4,291 shares valued at approximately $296,000.
• Several institutional investors, including Ascent Group LLC and Caxton Associates LLP, made significant new investments in United Airlines in the same period, with a total of over $3.2 million in new positions.
• Wall Street analysts maintain a generally positive outlook on United Airlines, with an average target price of $111.43 and multiple firms reaffirming their "buy" ratings.

MBB Public Markets I LLC acquired a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,291 shares of the transportation company's stock, valued at approximately $296,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ascent Group LLC bought a new position in shares of United Airlines during the first quarter valued at approximately $539,000. United Services Automobile Association bought a new position in shares of United Airlines during the first quarter valued at approximately $534,000. Aristeia Capital L.L.C. bought a new position in shares of United Airlines during the first quarter valued at approximately $447,000. Caxton Associates LLP bought a new position in shares of United Airlines during the first quarter valued at approximately $2,256,000. Finally, Kestra Investment Management LLC raised its stake in shares of United Airlines by 43.6% during the 1st quarter. Kestra Investment Management LLC now owns 14,160 shares of the transportation company's stock worth $978,000 after acquiring an additional 4,300 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UAL has been the subject of several recent analyst reports. Cowen reiterated a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Barclays reiterated an "overweight" rating and set a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Bank of America boosted their target price on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Finally, Susquehanna boosted their target price on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Two equities research 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 stock has an average rating of "Buy" and an average target price of $111.43.

Insider Buying and Selling at United Airlines

In other United Airlines news, Director Michelle Freyre sold 900 shares of the business's stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director owned 829 shares in the company, valued at approximately $76,375.77. The trade was a 52.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barney Harford sold 9,000 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total value of $879,840.00. Following the sale, the director owned 80,000 shares in the company, valued at approximately $7,820,800. The trade was 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. 0.71% of the stock is owned by corporate insiders.

United Airlines Stock Up 1.7%

United Airlines stock opened at $109.36 on Friday. 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 business's 50-day simple moving average is $95.29 and its two-hundred day simple moving average is $82.23. The company has a market cap of $35.40 billion, a PE ratio of 10.96, a PEG ratio of 1.39 and a beta of 1.47. United Airlines Holdings Inc has a fifty-two week low of $47.46 and a fifty-two week 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 earnings per share for the quarter, beating the consensus estimate of $3.81 by $0.06. The business had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current year.

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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