United Airlines Holdings Inc $UAL Shares Purchased by Generate Investment Management Ltd

Key Points

• Generate Investment Management Ltd increased its stake in United Airlines by 164.9%, owning 413,307 shares worth approximately $32.91 million, making it the firm's 16th largest holding.
• Insider selling activity was notable, with EVP Kate Gebo and EVP Torbjorn J. Enqvist selling a total of 26,343 shares valued at nearly $2.47 million.
• United Airlines reported an EPS of $3.87 for the most recent quarter, exceeding analysts' expectations, and has set a FY 2025 EPS guidance of $9.00 to $11.00.

Generate Investment Management Ltd boosted its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 164.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 413,307 shares of the transportation company's stock after buying an additional 257,288 shares during the quarter. United Airlines accounts for approximately 1.8% of Generate Investment Management Ltd's portfolio, making the stock its 16th largest holding. Generate Investment Management Ltd owned 0.13% of United Airlines worth $32,912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wedbush Securities Inc. raised its holdings 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 purchasing an additional 147 shares during the last quarter. Foster Group Inc. boosted its position in shares of United Airlines by 2.8% in the 2nd quarter. Foster Group Inc. now owns 5,392 shares of the transportation company's stock worth $429,000 after buying an additional 148 shares in the last quarter. Principal Securities Inc. increased its holdings in United Airlines by 2.0% during 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 in the last quarter. Creative Financial Designs Inc. ADV lifted its stake in United Airlines by 15.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock valued at $77,000 after buying an additional 150 shares in the last quarter. Finally, Kendall Capital Management boosted its stake 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. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Airlines

In related news, EVP Kate Gebo sold 6,343 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total value of $620,408.83. Following the completion of the transaction, the executive vice president owned 69,106 shares in the company, valued at $6,759,257.86. This trade represents a 8.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the business's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the sale, the executive vice president owned 62,358 shares in the company, valued at approximately $5,750,654.76. The trade was a 24.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock valued at $9,992,318 over the last 90 days. 0.63% of the stock is owned by insiders.

United Airlines Price Performance

Shares of United Airlines stock opened at $97.91 on Monday. United Airlines Holdings Inc has a 52 week low of $52.00 and a 52 week high of $116.00. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The stock has a market cap of $31.70 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 1.27 and a beta of 1.47. The company's 50-day moving average price is $99.05 and its two-hundred day moving average price is $83.56.

United Airlines (NASDAQ:UAL - Get Free Report) last released its 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 business had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business's revenue for the quarter was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, sell-side analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UAL. Bank of America raised their price target on United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. Evercore ISI reaffirmed an "outperform" rating and issued a $105.00 target price on shares of United Airlines in a research report on Thursday, July 17th. Barclays restated an "overweight" rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Finally, Susquehanna boosted their target price on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a report on Tuesday, July 15th. Two equities research 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 stock. Based on data from MarketBeat.com, United Airlines has a consensus rating of "Buy" and an average price target of $113.79.

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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