Alyeska Investment Group L.P. Purchases 1,847,884 Shares of United Airlines Holdings Inc $UAL

Key Points

• Alyeska Investment Group L.P. significantly increased its stake in United Airlines by 86.4%, owning approximately 3.9 million shares valued at about $275 million.
• Multiple institutional investors, including Maverick Capital Ltd. and Royal Bank of Canada, have also raised their investments in United Airlines, with overall institutional ownership at 69.69%.
• Analysts have mixed ratings on United Airlines, with a consensus rating of "Buy" and an average target price of $111.43, reflecting varied outlooks on the stock's future performance.

Alyeska Investment Group L.P. raised its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 86.4% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,985,560 shares of the transportation company's stock after acquiring an additional 1,847,884 shares during the period. United Airlines makes up about 1.1% of Alyeska Investment Group L.P.'s investment portfolio, making the stock its 7th largest position. Alyeska Investment Group L.P. owned 1.22% of United Airlines worth $275,203,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Federation des caisses Desjardins du Quebec increased its position in United Airlines by 24.6% during the first quarter. Federation des caisses Desjardins du Quebec now owns 23,129 shares of the transportation company's stock valued at $1,597,000 after acquiring an additional 4,563 shares during the last quarter. EP Wealth Advisors LLC grew its holdings in shares of United Airlines by 26.9% in the first quarter. EP Wealth Advisors LLC now owns 4,580 shares of the transportation company's stock worth $316,000 after purchasing an additional 971 shares during the last quarter. Maverick Capital Ltd. grew its holdings in shares of United Airlines by 127.2% in the first quarter. Maverick Capital Ltd. now owns 25,323 shares of the transportation company's stock worth $1,749,000 after purchasing an additional 14,177 shares during the last quarter. Focus Partners Advisor Solutions LLC grew its holdings in shares of United Airlines by 62.7% in the first quarter. Focus Partners Advisor Solutions LLC now owns 9,039 shares of the transportation company's stock worth $624,000 after purchasing an additional 3,483 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of United Airlines by 19.1% in the first quarter. Royal Bank of Canada now owns 917,755 shares of the transportation company's stock worth $63,371,000 after purchasing an additional 147,061 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Insider Transactions at United Airlines

In other United Airlines news, Director Barney Harford sold 15,823 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the completion of the transaction, the director directly owned 89,000 shares of the company's stock, valued at approximately $8,012,670. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Brett J. Hart sold 24,772 shares of the firm'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 transaction of $2,217,094.00. Following the transaction, the president directly owned 283,638 shares of the company's stock, valued at $25,385,601. This represents a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders 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 insiders.

United Airlines Stock Up 0.5%

Shares of UAL stock traded up $0.54 during mid-day trading on Friday, hitting $106.59. 3,634,117 shares of the stock traded hands, compared to its average volume of 4,646,877. The stock has a market cap of $34.51 billion, a P/E ratio of 10.68, a P/E/G ratio of 1.38 and a beta of 1.47. The stock's fifty day moving average is $93.14 and its two-hundred day moving average is $81.87. United Airlines Holdings Inc has a 52-week low of $44.85 and a 52-week 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.

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, beating the consensus estimate of $3.81 by $0.06. The business had revenue of $15.24 billion during 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%. The company's quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities analysts predict that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Sanford C. Bernstein restated an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Bank of America upped their price target on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Evercore ISI restated an "outperform" rating and issued a $105.00 price target on shares of United Airlines in a report on Thursday, July 17th. Finally, Susquehanna increased their target price on shares of United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a report on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, United Airlines has an average rating of "Buy" and an average 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.