HighTower Advisors LLC Buys 4,320 Shares of United Airlines Holdings Inc $UAL

Key Points

• HighTower Advisors LLC increased its stake in United Airlines Holdings Inc by 28.4% during the first quarter, owning 19,545 shares valued at approximately $1.35 million.
• Several hedge funds have significantly increased their holdings in United Airlines, with Pacer Advisors Inc. reporting a massive 10,777.6% increase, now owning over 5 million shares worth nearly $350 million.
• Analysts remain optimistic about United Airlines, with the stock receiving multiple buy ratings and a consensus price target of $111.43 after UBS raised its price objective to $114.00.

HighTower Advisors LLC boosted its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 28.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,545 shares of the transportation company's stock after purchasing an additional 4,320 shares during the quarter. HighTower Advisors LLC's holdings in United Airlines were worth $1,350,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of United Airlines by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company's stock worth $105,000,000 after buying an additional 16,477 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of United Airlines during the 1st quarter worth about $15,089,000. Generate Investment Management Ltd acquired a new position in shares of United Airlines during the 1st quarter worth about $10,773,000. Exchange Traded Concepts LLC grew its position in shares of United Airlines by 132.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock worth $518,000 after buying an additional 4,281 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of United Airlines by 7,225.9% during the 1st quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company's stock worth $24,898,000 after buying an additional 355,657 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Up 0.8%

NASDAQ UAL traded up $0.87 during trading on Thursday, hitting $105.08. The stock had a trading volume of 3,985,769 shares, compared to its average volume of 4,907,330. United Airlines Holdings Inc has a 12 month low of $41.63 and a 12 month high of $116.00. The company has a market capitalization of $34.02 billion, a PE ratio of 10.53, a P/E/G ratio of 1.35 and a beta of 1.48. 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 company's 50-day moving average price is $89.13 and its two-hundred day moving average price is $81.96.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. During the same quarter in the prior year, the business posted $4.14 EPS. The business's 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. As a group, sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insider Activity at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the sale, the executive vice president 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 document filed with the SEC, which is available at this link. Also, President Brett J. Hart sold 24,772 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the sale, the president owned 283,638 shares in the company, valued at approximately $25,385,601. This represents a 8.03% 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. Insiders own 0.71% of the company's stock.

Wall Street Analyst Weigh In

UAL has been the subject of several analyst reports. TD Cowen boosted their target price on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. Evercore ISI reiterated an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. Susquehanna boosted 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. UBS Group boosted their price objective on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Finally, Barclays reiterated an "overweight" rating and issued a $100.00 price objective (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, United Airlines has an average rating of "Buy" and a consensus price target of $111.43.

United Airlines 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.