UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Raises Stock Position in United Airlines Holdings Inc $UAL

Key Points

• UBS AM raised its stake in United Airlines by 70.8%, owning over 593,000 shares, worth approximately $40 million at the end of the quarter.
• United Airlines reported a 3.87 EPS for the quarter, beating estimates and generating $15.24 billion in revenue, which was a 1.4% increase year-over-year.
• Analyst ratings for United Airlines are predominantly positive, with a consensus buy rating and an average price target of $112.57.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 70.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 593,729 shares of the transportation company's stock after purchasing an additional 246,051 shares during the quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned 0.18% of United Airlines worth $40,997,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UAL. Capital A Wealth Management LLC purchased a new stake in United Airlines in the fourth quarter worth approximately $31,000. Hemington Wealth Management boosted its holdings in United Airlines by 50.6% in the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after purchasing an additional 160 shares during the last quarter. WPG Advisers LLC purchased a new stake in United Airlines in the first quarter worth approximately $32,000. Eastern Bank purchased a new stake in United Airlines in the first quarter worth approximately $35,000. Finally, Banque Transatlantique SA purchased a new stake in United Airlines in the first quarter worth approximately $35,000. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Trading Down 2.5%

NASDAQ:UAL opened at $106.58 on Monday. United Airlines Holdings Inc has a one year low of $49.89 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 firm has a market cap of $34.50 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.38 and a beta of 1.47. The firm has a 50-day simple moving average of $95.78 and a 200-day simple moving average of $82.13.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $15.31 billion. During the same quarter in the previous year, the business posted $4.14 EPS. The company's quarterly 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. Equities analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

UAL has been the topic of several recent research reports. Bank of America increased their price target on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Cowen reiterated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. JPMorgan Chase & Co. increased their price target on shares of United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research report on Friday. Evercore ISI reiterated an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a research report on Thursday, July 17th. Finally, TD Cowen increased their price target on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. 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 company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $112.57.

Insiders Place Their Bets

In other news, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the sale, the president owned 283,638 shares in the company, valued at approximately $25,385,601. The trade was a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kate Gebo sold 6,343 shares of the business's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total transaction of $620,408.83. Following the transaction, the executive vice president owned 69,106 shares of the company's stock, valued at approximately $6,759,257.86. This trade represents a 8.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,791 shares of company stock worth $9,992,318. 0.63% of the stock is owned by corporate insiders.

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.

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