Park Avenue Securities LLC Raises Stake in United Airlines Holdings Inc $UAL

Key Points

• Park Avenue Securities LLC raised its stake in United Airlines by 118.7% during the 2nd quarter, bringing their total holdings to 17,469 shares valued at approximately $1.39 million.
• Recent analyst reports show a range of target price increases for United Airlines, with UBS raising it to $114.00 and JPMorgan Chase & Co. to $149.00, indicating a positive outlook.
• In July, President Brett J. Hart sold 24,772 shares of United Airlines stock, representing an 8.03% decrease in his ownership, while corporate insiders have sold a total of 106,791 shares in the last quarter.

Park Avenue Securities LLC boosted its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 118.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 17,469 shares of the transportation company's stock after purchasing an additional 9,483 shares during the period. Park Avenue Securities LLC's holdings in United Airlines were worth $1,391,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bison Wealth LLC acquired a new stake in shares of United Airlines in the 4th quarter worth $246,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of United Airlines in the 4th quarter worth $5,817,000. Centaurus Financial Inc. lifted its stake in shares of United Airlines by 106.4% in the 4th quarter. Centaurus Financial Inc. now owns 12,773 shares of the transportation company's stock worth $1,240,000 after acquiring an additional 6,585 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of United Airlines by 9.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 23,340 shares of the transportation company's stock worth $2,266,000 after acquiring an additional 2,108 shares during the period. Finally, 111 Capital acquired a new stake in shares of United Airlines in the 4th quarter worth $206,000. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UAL has been the subject of several recent analyst reports. Susquehanna raised 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. 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 issued a $105.00 target price on shares of United Airlines in a research note on Thursday, July 17th. UBS Group raised their target price on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $112.57.

Insider Activity at United Airlines

In other United Airlines news, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michelle Freyre sold 900 shares of United Airlines 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 transaction, the director owned 829 shares of the company's stock, valued at approximately $76,375.77. The trade was a 52.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,791 shares of company stock valued at $9,992,318 in the last quarter. 0.71% of the stock is owned by corporate insiders.

United Airlines Stock Down 2.2%

Shares of NASDAQ UAL opened at $99.15 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a 52 week low of $52.00 and a 52 week high of $116.00. The firm has a 50-day moving average price of $98.94 and a 200 day moving average price of $83.24. The stock has a market capitalization of $32.10 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.32 and a beta of 1.47.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. The company had revenue of $15.24 billion during 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%. The firm's quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous 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 fiscal year.

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.

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