United Airlines Holdings Inc $UAL Shares Sold by Clear Harbor Asset Management LLC

Key Points

• Clear Harbor Asset Management LLC reduced its stake in United Airlines by 12.7%, owning 17,383 shares worth approximately $1.38 million after selling 2,530 shares.
• United Airlines shares recently opened at $104.18 and were down 2.0%, with a year range between $51.44 and $116.00.
• Analysts have largely issued a buy rating for United Airlines, with target prices ranging from $109.00 to $149.00.

Clear Harbor Asset Management LLC lowered its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,383 shares of the transportation company's stock after selling 2,530 shares during the quarter. Clear Harbor Asset Management LLC's holdings in United Airlines were worth $1,384,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Wedbush Securities Inc. increased its holdings in shares of United Airlines by 3.3% in the first quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company's stock valued at $321,000 after purchasing an additional 147 shares during the last quarter. Forum Financial Management LP increased its holdings in shares of United Airlines by 2.7% in the fourth quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock valued at $556,000 after purchasing an additional 148 shares during the last quarter. Principal Securities Inc. increased its holdings in shares of United Airlines by 2.0% in the first quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company's stock valued at $536,000 after purchasing an additional 149 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of United Airlines by 15.6% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock valued at $77,000 after purchasing an additional 150 shares during the last quarter. Finally, Kendall Capital Management increased its holdings in shares of United Airlines by 2.2% in the first quarter. Kendall Capital Management now owns 6,900 shares of the transportation company's stock valued at $476,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Stock Down 2.0%

United Airlines stock opened at $104.18 on Tuesday. United Airlines Holdings Inc has a 1-year low of $51.44 and a 1-year 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. The stock has a market cap of $33.73 billion, a PE ratio of 10.44, a P/E/G ratio of 1.38 and a beta of 1.47. The stock's fifty day moving average is $98.16 and its two-hundred day moving average is $82.81.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating 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 period last year, the firm earned $4.14 earnings per share. United Airlines'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, sell-side analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Buying and Selling

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the firm's stock in a transaction 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 directly owned 283,638 shares in the company, valued at $25,385,601. This trade represents a 8.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kate Gebo sold 6,343 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total value of $620,408.83. Following the completion of the sale, the executive vice president owned 69,106 shares in the company, valued at approximately $6,759,257.86. This represents a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,791 shares of company stock valued at $9,992,318 over the last 90 days. 0.63% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UAL. Cowen reissued a "buy" rating on shares of United Airlines in a research note on Tuesday, July 15th. UBS Group raised their target price on United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. TD Cowen raised their target price on United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Susquehanna raised their target price on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Finally, JPMorgan Chase & Co. raised their price target on United Airlines from $122.00 to $149.00 and gave the stock an "overweight" rating in a research report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, United Airlines currently has a consensus rating of "Buy" and a consensus price target of $112.57.

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.

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