Campbell & CO Investment Adviser LLC Grows Stake in United Airlines Holdings Inc $UAL

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its holdings in United Airlines by 635.7% in the first quarter, owning 64,031 shares valued at approximately $4.42 million by the end of the reporting period.
• Several institutional investors have also recently adjusted their positions in United Airlines, contributing to the fact that 69.69% of the company's stock is now owned by institutional investors and hedge funds.
• Analysts have raised their price targets for United Airlines shares, with a consensus average target price of $111.43 and a prevailing "buy" rating from research firms, indicating positive sentiment about the company's performance.

Campbell & CO Investment Adviser LLC grew its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 635.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,031 shares of the transportation company's stock after purchasing an additional 55,327 shares during the period. Campbell & CO Investment Adviser LLC's holdings in United Airlines were worth $4,421,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Wahed Invest LLC lifted its position in shares of United Airlines by 5.4% in the fourth quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock valued at $204,000 after buying an additional 108 shares during the last quarter. Wedbush Securities Inc. raised its stake in United Airlines by 3.3% during the first quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock worth $321,000 after acquiring an additional 147 shares in the last quarter. Forum Financial Management LP lifted its stake in shares of United Airlines by 2.7% in the 4th quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock valued at $556,000 after acquiring an additional 148 shares during the last quarter. Principal Securities Inc. increased its position in United Airlines by 2.0% in the 1st quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock valued at $536,000 after acquiring an additional 149 shares during the period. Finally, Creative Financial Designs Inc. ADV lifted its holdings in 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 buying an additional 150 shares during the period. Institutional investors own 69.69% of the company's stock.

Insider Activity at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the transaction, the executive vice president directly owned 62,358 shares in the company, valued at $5,750,654.76. This represents a 24.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the executive vice president directly owned 69,106 shares of the company's stock, valued at $6,759,257.86. This trade represents a 8.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,791 shares of company stock worth $9,992,318 over the last ninety days. 0.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on UAL. Barclays reissued an "overweight" rating and set a $100.00 target price (up from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. UBS Group raised their price target on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a report on Tuesday, July 15th. Susquehanna lifted their price target on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research report on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Evercore ISI reissued an "outperform" rating and set a $105.00 price target on shares of United Airlines in a research report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $111.43.

United Airlines Price Performance

Shares of NASDAQ UAL traded up $0.87 during mid-day trading on Thursday, hitting $105.08. 3,985,262 shares of the company's stock traded hands, compared to its average volume of 7,860,104. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The company's 50-day moving average is $89.13 and its two-hundred day moving average is $81.96. The company has a market capitalization of $34.02 billion, a P/E ratio of 10.53, a PEG ratio of 1.35 and a beta of 1.48. United Airlines Holdings Inc has a 1 year low of $41.63 and a 1 year high of $116.00.

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, topping analysts' consensus estimates of $3.81 by $0.06. The firm had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, equities analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

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.