Patton Fund Management Inc. Lowers Stock Holdings in United Airlines Holdings Inc $UAL

Key Points

• Patton Fund Management Inc. significantly reduced its stake in United Airlines by 94.3%, owning only 3,229 shares after selling over 53,000 shares recently.
• United Airlines saw multiple analyst upgrades, with Susquehanna raising its price target from $81.00 to $109.00 and a consensus target price of $113.79 among analysts.
• Insider trading activity included significant sales by executives, with the EVP and President selling shares valued at over $4 million collectively in recent transactions.

Patton Fund Management Inc. decreased its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 94.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,229 shares of the transportation company's stock after selling 53,532 shares during the period. Patton Fund Management Inc.'s holdings in United Airlines were worth $257,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Bison Wealth LLC bought a new position in shares of United Airlines during the fourth quarter valued at about $246,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of United Airlines during the fourth quarter valued at about $5,817,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of United Airlines by 9.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,340 shares of the transportation company's stock valued at $2,266,000 after buying an additional 2,108 shares during the last quarter. 111 Capital bought a new position in shares of United Airlines during the fourth quarter valued at about $206,000. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of United Airlines by 45.6% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,034 shares of the transportation company's stock valued at $71,000 after buying an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of recent research reports. Susquehanna raised their price objective on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research note on Tuesday, July 15th. Barclays reiterated an "overweight" rating and set a $100.00 target price (up from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Evercore ISI reiterated an "outperform" rating and set a $105.00 target price on shares of United Airlines in a report on Thursday, July 17th. Cowen reiterated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Finally, Bank of America raised their price objective on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a report 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 given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $113.79.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $97.91 on Friday. United Airlines Holdings Inc has a fifty-two week low of $52.00 and a fifty-two week high of $116.00. The company has a 50 day simple moving average of $99.05 and a two-hundred day simple moving average of $83.46. The company has a market capitalization of $31.70 billion, a price-to-earnings ratio of 9.81, a P/E/G ratio of 1.27 and a beta of 1.47. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70.

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 for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter last year, the firm earned $4.14 earnings per share. The business's revenue for the quarter was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Activity at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's 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 sale, the executive vice president owned 62,358 shares of the company's stock, valued at $5,750,654.76. This trade represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction that occurred on 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 sale, the president directly owned 283,638 shares of the company's stock, valued at $25,385,601. This trade represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock valued at $9,992,318 over the last ninety days. 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.

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