Price T Rowe Associates Inc. MD Has $77.98 Million Stake in United Airlines Holdings Inc $UAL

Key Points

• Price T Rowe Associates Inc. MD sold 73,499 shares of United Airlines Holdings Inc, reducing its stake by 6.1% during the 1st quarter, now owning approximately 1,129,241 shares.
• United Airlines recently reported earnings of $3.87 per share, surpassing analysts' expectations of $3.81, with revenue reaching $15.24 billion.
• Wall Street analysts generally maintain a positive outlook on United Airlines, with a consensus "Buy" rating and an average price target of $111.43.

Price T Rowe Associates Inc. MD trimmed its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,129,241 shares of the transportation company's stock after selling 73,499 shares during the period. Price T Rowe Associates Inc. MD owned 0.35% of United Airlines worth $77,975,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in UAL. MML Investors Services LLC raised its stake in shares of United Airlines by 70.9% in the 4th quarter. MML Investors Services LLC now owns 18,042 shares of the transportation company's stock valued at $1,752,000 after acquiring an additional 7,484 shares in the last quarter. IHT Wealth Management LLC bought a new position in shares of United Airlines in the 4th quarter valued at approximately $218,000. Integrated Wealth Concepts LLC raised its stake in shares of United Airlines by 62.2% in the 4th quarter. Integrated Wealth Concepts LLC now owns 17,052 shares of the transportation company's stock valued at $1,656,000 after acquiring an additional 6,536 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new position in shares of United Airlines in the 4th quarter valued at approximately $640,000. Finally, Quarry LP bought a new position in shares of United Airlines in the 4th quarter valued at approximately $132,000. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

Shares of NASDAQ:UAL traded up $0.87 during trading on Thursday, hitting $105.08. 3,985,769 shares of the stock were exchanged, compared to its average volume of 4,907,330. United Airlines Holdings Inc has a 1-year low of $41.63 and a 1-year high of $116.00. The company has a market capitalization of $34.02 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.48. The company's fifty day simple moving average is $89.75 and its 200-day simple moving average is $81.95. 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 quarterly earnings data 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 return on equity of 30.09% and a net margin of 5.71%.The company had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. During the same quarter last year, the firm earned $4.14 EPS. United Airlines's revenue for the quarter 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. Sell-side analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. UBS Group raised their price objective on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Cowen reaffirmed a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Bank of America raised their target price on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. 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 an average price target of $111.43.

Insider Activity at United Airlines

In related news, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction on Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the sale, the president owned 283,638 shares of the company's stock, valued at $25,385,601. The trade was a 8.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kate Gebo sold 6,343 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total value of $620,408.83. Following the completion of the sale, the executive vice president directly owned 69,106 shares in the company, valued at approximately $6,759,257.86. This represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock worth $9,992,318 in the last three months. Company 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.