United Airlines Holdings Inc $UAL Shares Sold by Resolute Capital Asset Partners LLC

Key Points

• Resolute Capital Asset Partners LLC reduced its holdings in United Airlines by 61.5%, owning 25,000 shares valued at approximately $1.73 million after selling 40,000 shares in the 1st quarter.
• United Airlines reported $3.87 earnings per share for the most recent quarter, exceeding estimates, with a revenue of $15.24 billion that slightly missed expectations.
• UBS Group raised its target price for United Airlines from $103 to $114, reflecting positive analyst sentiment toward the company's stock.

Resolute Capital Asset Partners LLC lessened its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 61.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,000 shares of the transportation company's stock after selling 40,000 shares during the quarter. Resolute Capital Asset Partners LLC's holdings in United Airlines were worth $1,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its stake in 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 purchasing an additional 16,477 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in United Airlines during the 1st quarter worth $15,089,000. Generate Investment Management Ltd acquired a new stake in United Airlines during the 1st quarter worth $10,773,000. Exchange Traded Concepts LLC boosted its stake in 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 purchasing an additional 4,281 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in 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 purchasing an additional 355,657 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Stock Up 6.0%

Shares of UAL opened at $102.98 on Friday. The firm has a market cap of $33.34 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 1.26 and a beta of 1.48. United Airlines Holdings Inc has a 12-month low of $40.96 and a 12-month high of $116.00. The company's 50-day moving average price is $87.45 and its 200 day moving average price is $82.06. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.81 by $0.06. The firm 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%. United Airlines's revenue 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. On average, sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on UAL. UBS Group lifted their target price on shares of United Airlines from $103.00 to $114.00 and gave the stock a "buy" rating in a research note on Tuesday, July 15th. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Barclays reissued an "overweight" rating and set a $100.00 price target (up previously from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Susquehanna boosted their price target on shares of United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research report on Tuesday, July 15th. Finally, Cowen reissued a "buy" rating on shares of United Airlines 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 issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $111.43.

Insider Transactions at United Airlines

In related news, Director Michelle Freyre sold 900 shares of the business's stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the sale, the director directly owned 829 shares in the company, valued at approximately $76,375.77. The trade was a 52.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kate Gebo sold 6,343 shares of the business's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total transaction 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 trade 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 worth $9,992,318 in the last 90 days. Insiders own 0.71% of the company's stock.

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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