Quantitative Investment Management LLC Grows Position in United Airlines Holdings Inc $UAL

Key Points

• Quantitative Investment Management LLC significantly increased its stake in United Airlines by acquiring 128,721 shares, bringing its total holdings to 151,194 shares valued at approximately $10.44 million.
• United Airlines reported $3.87 EPS for the quarter, surpassing analysts' estimates, and set its FY 2025 guidance between $9.00-11.00 EPS.
• Brokerages have issued mixed ratings on UAL, with some raising price targets, while the average consensus target price stands at $111.43.

Quantitative Investment Management LLC raised its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 572.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,194 shares of the transportation company's stock after acquiring an additional 128,721 shares during the period. United Airlines comprises 1.0% of Quantitative Investment Management LLC's holdings, making the stock its 20th biggest holding. Quantitative Investment Management LLC's holdings in United Airlines were worth $10,439,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MML Investors Services LLC raised its position in United Airlines by 70.9% in the fourth quarter. MML Investors Services LLC now owns 18,042 shares of the transportation company's stock valued at $1,752,000 after purchasing an additional 7,484 shares during the last quarter. IHT Wealth Management LLC bought a new position in United Airlines in the 4th quarter valued at approximately $218,000. Integrated Wealth Concepts LLC boosted its position in United Airlines by 62.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 17,052 shares of the transportation company's stock worth $1,656,000 after buying an additional 6,536 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in United Airlines during the 4th quarter worth approximately $640,000. Finally, Virtus ETF Advisers LLC acquired a new position in United Airlines in the 4th quarter valued at approximately $1,468,000. Institutional investors own 69.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on UAL shares. Barclays reiterated an "overweight" rating and set a $100.00 price target (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Evercore ISI reiterated an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a research report on Thursday, July 17th. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. TD Cowen upped their target price on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a report on Monday, July 21st. Finally, UBS Group increased their target price 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 equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $111.43.

Insider Buying and Selling at United Airlines

In other news, Director Michelle Freyre sold 900 shares of the business's stock in a transaction dated Monday, July 28th. The shares were 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 of the company's stock, valued at $76,375.77. The trade was a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Brett J. Hart sold 24,772 shares of the firm's 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 directly owned 283,638 shares in the company, valued at approximately $25,385,601. The trade was a 8.03% 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 worth $9,992,318 in the last ninety days. 0.71% of the stock is currently owned by corporate insiders.

United Airlines Stock Up 0.8%

UAL stock traded up $0.87 during trading on Thursday, reaching $105.08. 3,985,262 shares of the stock were exchanged, compared to its average volume of 7,860,104. The firm's 50 day moving average is $89.13 and its 200 day moving average is $81.96. The firm has a market cap of $34.02 billion, a P/E ratio of 10.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.48. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a twelve month low of $41.63 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating 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 firm had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in the previous year, the company posted $4.14 earnings per share. The company's quarterly revenue was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, research analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

United Airlines Company 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.