SteelPeak Wealth LLC Lowers Stock Position in United Airlines Holdings Inc $UAL

SteelPeak Wealth LLC lessened its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 49.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,174 shares of the transportation company's stock after selling 7,984 shares during the quarter. SteelPeak Wealth LLC's holdings in United Airlines were worth $651,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. 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 purchasing an additional 147 shares during the last quarter. Foster Group Inc. lifted its position in shares of United Airlines by 2.8% during the 2nd quarter. Foster Group Inc. now owns 5,392 shares of the transportation company's stock worth $429,000 after purchasing an additional 148 shares during the last quarter. Principal Securities Inc. lifted its position in shares of United Airlines by 2.0% during the 1st quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock worth $536,000 after purchasing an additional 149 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of United Airlines by 15.6% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock worth $77,000 after purchasing an additional 150 shares during the last quarter. Finally, Kendall Capital Management lifted its position in shares of United Airlines by 2.2% during the 1st quarter. Kendall Capital Management now owns 6,900 shares of the transportation company's stock worth $476,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

Insider Buying and Selling at United Airlines

In other news, EVP Kate Gebo sold 29,953 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total transaction of $2,923,113.27. Following the transaction, the executive vice president directly owned 45,496 shares in the company, valued at $4,439,954.64. The trade was a 39.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the transaction, the president owned 283,638 shares in the company, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 106,791 shares of company stock valued at $9,992,318. Insiders own 0.71% of the company's stock.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $98.09 on Thursday. The company has a 50-day simple moving average of $99.90 and a 200-day simple moving average of $84.67. United Airlines Holdings Inc has a one year low of $52.00 and a one year high of $116.00. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The stock has a market capitalization of $31.75 billion, a price-to-earnings ratio of 9.83, a PEG ratio of 1.23 and a beta of 1.45.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. During the same period in the prior year, the company earned $4.14 earnings per share. The business's revenue 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. On average, analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on UAL shares. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Weiss Ratings cut shares of United Airlines from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday. Bank of America boosted their price target on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. TD Cowen boosted their price target on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Finally, Jefferies Financial Group boosted their price target on shares of United Airlines from $115.00 to $125.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $120.64.

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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