Rafferty Asset Management LLC trimmed its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 19.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,319 shares of the transportation company's stock after selling 8,147 shares during the quarter. Rafferty Asset Management LLC's holdings in United Airlines were worth $2,370,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in UAL. Wahed Invest LLC increased its holdings in United Airlines by 5.4% in the fourth quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock worth $204,000 after purchasing an additional 108 shares in the last quarter. Wedbush Securities Inc. lifted its position in shares of United Airlines by 3.3% during the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock worth $321,000 after buying an additional 147 shares in the last quarter. Forum Financial Management LP lifted its stake in United Airlines by 2.7% in the fourth quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock valued at $556,000 after purchasing an additional 148 shares during the last quarter. Principal Securities Inc. lifted its stake in United Airlines by 2.0% in the first quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock valued at $536,000 after purchasing an additional 149 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV raised its position in shares of United Airlines by 15.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock valued at $77,000 after purchasing an additional 150 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.
United Airlines Trading Down 0.1%
Shares of UAL stock opened at $105.00 on Friday. United Airlines Holdings Inc has a 1 year low of $41.63 and a 1 year 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 stock's 50 day simple moving average is $90.36 and its two-hundred day simple moving average is $81.81. The company has a market cap of $33.99 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.48.
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, 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 business had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same quarter in the previous year, the business earned $4.14 earnings per share. The company'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. Research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.
Insider Activity at United Airlines
In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the business'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 value of $1,844,400.00. Following the completion of the transaction, the executive vice president owned 62,358 shares of the company's stock, valued at $5,750,654.76. The trade was a 24.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barney Harford sold 15,823 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the completion of the transaction, the director directly owned 89,000 shares of the company's stock, valued at $8,012,670. This trade represents a 15.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock worth $9,992,318 over the last three months. Corporate insiders own 0.71% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on UAL shares. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Barclays reiterated an "overweight" rating and issued a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Bank of America upped their target price on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, 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. 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 company's stock. According to data from MarketBeat, United Airlines presently has an average rating of "Buy" and an average price target of $111.43.
View Our Latest Research Report on United Airlines
About United Airlines
(
Free Report)
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.
See Also
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