United Airlines Holdings Inc $UAL Position Boosted by Bank of Hawaii

Key Points

• Bank of Hawaii increased its stake in United Airlines Holdings Inc by 57.3%, acquiring 23,118 shares valued at approximately $1.6 million as of the latest SEC filing.
• United Airlines reported an EPS of $3.87 for the last quarter, slightly beating the expectation of $3.81, with a quarterly revenue of $15.24 billion.
• Analysts have raised their price targets for United Airlines, with UBS Group increasing it from $103.00 to $114.00 and a consensus price target now set at $111.43.

Bank of Hawaii lifted its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 57.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,118 shares of the transportation company's stock after purchasing an additional 8,419 shares during the quarter. Bank of Hawaii's holdings in United Airlines were worth $1,596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. MML Investors Services LLC lifted its position in United Airlines by 70.9% in the 4th quarter. MML Investors Services LLC now owns 18,042 shares of the transportation company's stock worth $1,752,000 after buying an additional 7,484 shares in the last quarter. IHT Wealth Management LLC acquired a new stake in shares of United Airlines during the 4th quarter valued at about $218,000. Integrated Wealth Concepts LLC increased its holdings in United Airlines by 62.2% in the fourth quarter. Integrated Wealth Concepts LLC now owns 17,052 shares of the transportation company's stock worth $1,656,000 after buying an additional 6,536 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in United Airlines during the fourth quarter valued at approximately $640,000. Finally, Boothbay Fund Management LLC lifted its stake in United Airlines by 661.5% in the fourth quarter. Boothbay Fund Management LLC now owns 66,249 shares of the transportation company's stock valued at $6,433,000 after acquiring an additional 57,549 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

United Airlines Price Performance

UAL opened at $102.98 on Monday. The company has a fifty day simple moving average of $87.45 and a 200 day simple moving average of $81.69. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The stock has a market cap of $33.34 billion, a P/E ratio of 10.32, a P/E/G ratio of 1.33 and a beta of 1.48. United Airlines Holdings Inc has a 12 month low of $40.96 and a 12 month high of $116.00.

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, topping 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 firm had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. During the same period last year, the company posted $4.14 EPS. The business's quarterly 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 expect that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently weighed in on UAL shares. UBS Group raised their price target on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a report on Tuesday, July 15th. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Evercore ISI reiterated an "outperform" rating and set a $105.00 target price on shares of United Airlines in a research report on Thursday, July 17th. Finally, Susquehanna lifted their price objective on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $111.43.

Insider Activity

In other news, EVP Kate Gebo sold 29,953 shares of United Airlines stock in a transaction that occurred on 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michelle Freyre sold 900 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the transaction, the director owned 829 shares of the company's stock, valued at $76,375.77. The trade was a 52.05% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, 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 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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