Solitude Financial Services Trims Stake in United Airlines Holdings Inc $UAL

Key Points

• Solitude Financial Services reduced its stake in United Airlines by 52.2% in the 2nd quarter, now holding 3,041 shares worth $242,000.
• United Airlines reported $3.87 earnings per share for its latest quarter, exceeding analysts' expectations, though its revenue of $15.24 billion fell short of forecasts.
• Analyst ratings for United Airlines are generally positive, with a consensus rating of "Buy" and price targets raised by various firms, including Jefferies and Barclays.

Solitude Financial Services cut its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 52.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,041 shares of the transportation company's stock after selling 3,326 shares during the period. Solitude Financial Services' holdings in United Airlines were worth $242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Hemington Wealth Management raised its stake in shares of United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after buying an additional 160 shares in the last quarter. WPG Advisers LLC purchased a new position in shares of United Airlines during the 1st quarter worth approximately $32,000. Eastern Bank purchased a new position in shares of United Airlines during the 1st quarter worth approximately $35,000. Banque Transatlantique SA purchased a new position in shares of United Airlines during the 1st quarter worth approximately $35,000. Finally, Strategic Investment Solutions Inc. IL raised its stake in shares of United Airlines by 44.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company's stock worth $46,000 after buying an additional 177 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $97.07 on Tuesday. The business's fifty day moving average price is $99.62 and its two-hundred day moving average price is $84.49. The stock has a market cap of $31.42 billion, a PE ratio of 9.73, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45. 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 $52.00 and a one year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) 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 business had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. During the same quarter last year, the firm earned $4.14 earnings per share. The business'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, analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of analyst reports. Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Jefferies Financial Group upped their price target on United Airlines from $115.00 to $125.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. Barclays upped their price target on United Airlines from $100.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, October 1st. Finally, UBS Group upped their price target on United Airlines from $114.00 to $131.00 and gave the stock a "buy" rating in a report on Friday, September 26th. Two 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. Based on data from MarketBeat, United Airlines presently has a consensus rating of "Buy" and a consensus target price of $120.64.

Insider Transactions at United Airlines

In related news, Director Barney Harford sold 15,823 shares of United Airlines stock in a transaction on Friday, August 8th. The stock was sold at an average price of $90.03, for a total value of $1,424,544.69. Following the transaction, the director owned 89,000 shares in the company, valued at approximately $8,012,670. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 29,953 shares of the firm's 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 directly owned 45,496 shares in the company, valued at $4,439,954.64. This trade represents a 39.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock valued at $9,992,318 in the last ninety days. Company insiders own 0.63% 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.

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