United Airlines Holdings Inc $UAL Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in United Airlines by 334.6% during the first quarter, acquiring a total of 1,793,454 shares worth approximately $116.5 million.
• United Airlines reported an EPS of $3.87 for the last quarter, which beat analyst expectations, although its revenue fell short of estimates at $15.24 billion.
• Wall Street analysts generally hold a Buy rating on United Airlines stock, with target prices ranging from $105 to $111.43.

AQR Capital Management LLC lifted its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 334.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,793,454 shares of the transportation company's stock after acquiring an additional 1,380,804 shares during the quarter. AQR Capital Management LLC owned 0.55% of United Airlines worth $116,539,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in UAL. Capital A Wealth Management LLC acquired a new position in shares of United Airlines during the fourth quarter worth about $31,000. Hemington Wealth Management increased its stake in shares of United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after acquiring an additional 160 shares during the period. WPG Advisers LLC acquired a new position in shares of United Airlines during the first quarter worth about $32,000. Eastern Bank acquired a new position in shares of United Airlines during the first quarter worth about $35,000. Finally, CENTRAL TRUST Co increased its stake in shares of United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after acquiring an additional 297 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Down 0.1%

UAL stock opened at $106.05 on Friday. The company's 50 day simple moving average is $92.59 and its 200-day simple moving average is $82.02. The firm has a market capitalization of $34.33 billion, a PE ratio of 10.63, a P/E/G ratio of 1.37 and a beta of 1.47. United Airlines Holdings Inc has a 12 month low of $44.57 and a 12 month high of $116.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65.

United Airlines (NASDAQ:UAL - Get Free Report) last released 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. The business had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the business earned $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Bank of America upped their target price 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. Evercore ISI restated an "outperform" rating and set a $105.00 target price on shares of United Airlines in a research report on Thursday, July 17th. Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Finally, Susquehanna upped their target price on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research report on Tuesday, July 15th. Two investment 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 company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $111.43.

Insider Buying and Selling at United Airlines

In related news, President Brett J. Hart sold 24,772 shares of the company's stock in a transaction that occurred on Friday, July 25th. The shares were 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 of the company's stock, valued at approximately $25,385,601. This represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Barney Harford sold 15,823 shares of the company's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the transaction, the director directly owned 89,000 shares in the company, valued at $8,012,670. The trade was a 15.09% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,791 shares of company stock valued at $9,992,318. 0.71% of the stock is owned by corporate 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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