20,000 Shares in United Airlines Holdings Inc $UAL Bought by Shellback Capital LP

Key Points

• Shellback Capital LP has acquired a new position in United Airlines Holdings Inc (NASDAQ:UAL) by purchasing 20,000 shares, valued at approximately $1.38 million, during the first quarter.
• Institutional investors now hold 69.69% of United Airlines' stock, highlighting significant interest from multiple hedge funds in recent quarters.
• United Airlines reported $3.87 EPS for the last quarter, exceeding analysts' expectations, with a revenue of $15.24 billion, slightly below estimates.

Shellback Capital LP purchased a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 20,000 shares of the transportation company's stock, valued at approximately $1,381,000.

Several other hedge funds have also added to or reduced their stakes in UAL. Capital A Wealth Management LLC acquired a new stake in United Airlines during the 4th quarter valued at $31,000. Hemington Wealth Management lifted its holdings in United Airlines by 50.6% during the 1st 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. WPG Advisers LLC acquired a new stake in United Airlines during the 1st quarter valued at $32,000. Eastern Bank acquired a new stake in United Airlines during the 1st quarter valued at $35,000. Finally, Banque Transatlantique SA acquired a new stake in United Airlines during the 1st quarter valued at $35,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Transactions at United Airlines

In other United Airlines news, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total value of $82,917.00. Following the transaction, the director owned 829 shares in the company, 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, EVP Kate Gebo sold 29,953 shares of United Airlines stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total value of $2,923,113.27. Following the completion of the transaction, the executive vice president owned 45,496 shares in the company, valued at approximately $4,439,954.64. This represents a 39.70% 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 valued at $9,992,318. Company insiders own 0.63% of the company's stock.

United Airlines Price Performance

Shares of NASDAQ UAL traded down $2.12 during mid-day trading on Tuesday, reaching $105.65. The company had a trading volume of 5,254,927 shares, compared to its average volume of 4,657,001. 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 Holdings Inc has a one year low of $47.01 and a one year high of $116.00. The firm has a market cap of $34.20 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 1.40 and a beta of 1.47. The business's 50-day simple moving average is $94.22 and its 200 day simple moving average is $81.98.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. During the same quarter last year, the business earned $4.14 earnings per share. United Airlines'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. On average, research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UAL has been the topic of several recent research reports. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Barclays reiterated an "overweight" rating and set a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. UBS Group increased their price objective on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research report on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Evercore ISI reiterated an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $111.43.

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.