MYDA Advisors LLC Takes $690,000 Position in United Airlines Holdings Inc $UAL

Key Points

• MYDA Advisors LLC has acquired a new stake in United Airlines Holdings Inc, purchasing 10,000 shares valued at approximately $690,000.
• During the 1st quarter, several hedge funds significantly increased their holdings in United Airlines, with Pacer Advisors Inc. increasing its stake by 10,777.6%.
• Analysts are optimistic about United Airlines, with Bank of America and Susquehanna raising their target prices to $108.00 and $109.00, respectively, while maintaining a "buy" rating.

MYDA Advisors LLC acquired a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the transportation company's stock, valued at approximately $690,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in UAL. Capital A Wealth Management LLC bought a new stake in United Airlines during the 4th quarter worth approximately $31,000. Hemington Wealth Management raised its stake in United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after acquiring an additional 160 shares during the period. Eastern Bank bought a new stake in United Airlines during the 1st quarter worth approximately $35,000. CENTRAL TRUST Co raised its stake in United Airlines by 57.2% during the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after acquiring an additional 297 shares during the period. Finally, Ameriflex Group Inc. bought a new stake in United Airlines during the 4th quarter worth approximately $58,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

UAL traded down $0.08 during trading hours on Friday, hitting $105.00. The company's stock had a trading volume of 2,865,826 shares, compared to its average volume of 4,808,765. The business's 50-day moving average price is $90.36 and its 200-day moving average price is $81.81. United Airlines Holdings Inc has a 12 month low of $41.63 and a 12 month high of $116.00. The stock has a market cap of $33.99 billion, a price-to-earnings ratio of 10.52, a P/E/G ratio of 1.36 and a beta of 1.48. 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 quarterly 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. 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 quarter in the previous year, the business posted $4.14 earnings per share. United Airlines's quarterly revenue was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Sell-side analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on UAL. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Evercore ISI restated an "outperform" rating and set a $105.00 target price on shares of United Airlines in a research note on Thursday, July 17th. Bank of America lifted their price objective on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Finally, UBS Group lifted their price objective on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $111.43.

Insider Activity at United Airlines

In other United Airlines news, Director Barney Harford sold 15,823 shares of United Airlines stock in a transaction on Friday, August 8th. The shares were sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the completion of the transaction, the director directly owned 89,000 shares of the company's stock, valued at $8,012,670. The trade was a 15.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Brett J. Hart sold 24,772 shares of United Airlines 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 transaction, the president directly owned 283,638 shares of the company's stock, valued at $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 106,791 shares of company stock valued at $9,992,318 over the last three months. Corporate insiders own 0.71% of the company's stock.

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.