Richwood Investment Advisors LLC Purchases New Holdings in United Airlines Holdings Inc $UAL

Key Points

• Richwood Investment Advisors LLC has acquired a new stake in United Airlines Holdings Inc, purchasing 2,691 shares valued at approximately $214,000.
• Recent insider transactions included Director Barney Harford selling over 15,000 shares, reducing his position by 15.09%, and EVP Torbjorn J. Enqvist selling 20,000 shares.
• Analysts have raised United Airlines' price targets, with TD Cowen increasing it from $101 to $127 and Barclays from $100 to $115, reflecting positive sentiment toward the company's performance.

Richwood Investment Advisors LLC purchased a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,691 shares of the transportation company's stock, valued at approximately $214,000.

Other large investors have also recently bought and sold shares of the company. WPG Advisers LLC acquired a new position in United Airlines during the first quarter valued at approximately $32,000. Hemington Wealth Management boosted its position in United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. Eastern Bank acquired a new position in United Airlines during the first quarter valued at approximately $35,000. Banque Transatlantique SA acquired a new position in United Airlines during the first quarter valued at approximately $35,000. Finally, Strategic Investment Solutions Inc. IL lifted its position in shares of United Airlines by 44.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company's stock valued at $46,000 after buying an additional 177 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other United Airlines news, Director Barney Harford sold 15,823 shares of the firm's stock in a transaction 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 transaction, the director owned 89,000 shares in the company, valued at $8,012,670. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm'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 in the company, valued at approximately $5,750,654.76. This trade represents a 24.28% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,791 shares of company stock worth $9,992,318. 0.63% of the stock is currently owned by insiders.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $97.07 on Tuesday. The firm has a market cap of $31.42 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45. 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 1-year low of $52.00 and a 1-year high of $116.00. The business's 50 day moving average is $99.62 and its 200-day moving average is $84.49.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $15.31 billion. During the same quarter last year, the company earned $4.14 EPS. The company's 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. Equities research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on UAL. TD Cowen raised their price objective on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Barclays raised their price objective on United Airlines from $100.00 to $115.00 and gave the company an "overweight" rating in a research report on Wednesday, October 1st. Wall Street Zen cut United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of United Airlines in a research report on Saturday, September 27th. Finally, Cowen reaffirmed a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $120.64.

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.

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