Neville Rodie & Shaw Inc. Sells 2,500 Shares of United Airlines Holdings Inc $UAL

Key Points

• Neville Rodie & Shaw Inc. reduced its holdings in United Airlines by 45.0%, selling 2,500 shares, and now owns 3,050 shares valued at approximately $243,000.
• Wall Street analysts have a generally positive outlook on United Airlines, with a consensus rating of "Buy" and target prices ranging from $108.00 to $149.00.
• Insider sales have occurred recently, with Barney Harford selling 9,000 shares for about $879,840, reflecting a 10.11% decrease in his stake in the company.

Neville Rodie & Shaw Inc. trimmed its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 45.0% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 3,050 shares of the transportation company's stock after selling 2,500 shares during the quarter. Neville Rodie & Shaw Inc.'s holdings in United Airlines were worth $243,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Capital A Wealth Management LLC bought a new stake in shares of United Airlines in the 4th quarter worth approximately $31,000. WPG Advisers LLC bought a new stake in shares of United Airlines in the 1st quarter worth approximately $32,000. Hemington Wealth Management lifted its holdings in shares of United Airlines by 50.6% in 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 last quarter. Eastern Bank bought a new stake in shares of United Airlines in the 1st quarter worth approximately $35,000. Finally, Banque Transatlantique SA bought a new stake in shares of United Airlines in the 1st quarter worth approximately $35,000. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on UAL. Cowen restated a "buy" rating on shares of United Airlines 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 note on Friday, July 18th. Bank of America lifted their target price 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. Susquehanna lifted their target price on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research note on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, United Airlines has a consensus rating of "Buy" and a consensus target price of $112.57.

Insider Transactions at United Airlines

In other news, Director Barney Harford sold 9,000 shares of the company'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 directly owned 80,000 shares of the company's stock, valued at $7,820,800. This represents a 10.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michelle Freyre sold 900 shares of the company'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 completion of the sale, the director directly owned 829 shares in the company, valued at $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,791 shares of company stock worth $9,992,318. 0.71% of the stock is owned by insiders.

United Airlines Stock Down 2.5%

Shares of United Airlines stock opened at $106.58 on Friday. 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 company's fifty day simple moving average is $95.78 and its two-hundred day simple moving average is $82.20. The company has a market cap of $34.50 billion, a P/E ratio of 10.68, a PEG ratio of 1.42 and a beta of 1.47. United Airlines Holdings Inc has a 12-month low of $49.89 and a 12-month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 5.71% and a return on equity of 30.09%. The company's quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current 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.

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