Perpetual Ltd Makes New Investment in United Airlines Holdings Inc $UAL

Key Points

• Perpetual Ltd has acquired a new stake in United Airlines Holdings Inc, purchasing 3,994 shares valued at approximately $318,000 during the 2nd quarter.
• Several institutional investors have increased their holdings in United Airlines, with institutional ownership now totaling 69.69% of the company's stock.
• United Airlines reported an EPS of $3.87 for the last quarter, beating consensus estimates, and has set a guidance of 9.000-11.000 EPS for FY 2025.

Perpetual Ltd acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,994 shares of the transportation company's stock, valued at approximately $318,000.

Other institutional investors have also added to or reduced their stakes in the company. Wedbush Securities Inc. lifted its holdings in shares of United Airlines by 3.3% during the first quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock valued at $321,000 after purchasing an additional 147 shares in the last quarter. Forum Financial Management LP raised its position in United Airlines by 2.7% in the 4th quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock worth $556,000 after buying an additional 148 shares during the last quarter. Principal Securities Inc. lifted its stake in United Airlines by 2.0% during the 1st quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock valued at $536,000 after acquiring an additional 149 shares during the period. Creative Financial Designs Inc. ADV boosted its holdings in shares of United Airlines by 15.6% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock valued at $77,000 after acquiring an additional 150 shares during the last quarter. Finally, Kendall Capital Management boosted its holdings in shares of United Airlines by 2.2% during the 1st quarter. Kendall Capital Management now owns 6,900 shares of the transportation company's stock valued at $476,000 after acquiring an additional 150 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on UAL. 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 report on Tuesday, July 15th. TD Cowen raised their price target on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. upped their price objective on United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a research report on Friday, September 12th. Cowen restated a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Finally, UBS Group upped their price target 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 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 data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $112.57.

United Airlines Trading Down 2.0%

Shares of United Airlines stock traded down $2.13 during trading on Monday, hitting $104.18. The stock had a trading volume of 6,784,649 shares, compared to its average volume of 4,920,193. United Airlines Holdings Inc has a 12 month low of $51.44 and a 12 month high of $116.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The firm's fifty day simple moving average is $97.86 and its 200-day simple moving average is $82.67. The stock has a market cap of $33.73 billion, a PE ratio of 10.44, a PEG ratio of 1.38 and a beta of 1.47.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) 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 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 firm's quarterly revenue was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, sell-side analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Activity at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company's stock in a transaction on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the transaction, the executive vice president owned 62,358 shares of the company's stock, valued at $5,750,654.76. This represents a 24.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kate Gebo sold 29,953 shares of United Airlines stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total value of $2,923,113.27. Following the sale, the executive vice president owned 45,496 shares of the company's stock, valued at approximately $4,439,954.64. This trade represents a 39.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock worth $9,992,318 over the last quarter. 0.63% of the stock is owned by insiders.

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.