Voya Investment Management LLC Raises Stake in United Airlines Holdings Inc $UAL

Key Points

• Voya Investment Management LLC raised its stake in United Airlines Holdings Inc by 112.5%, now holding approximately 0.06% of the company worth $14.6 million.
• Several other institutional investors also increased their positions in UAL, with Pacer Advisors Inc. seeing a significant increase of 10,777.6% to own over 5 million shares.
• United Airlines recently reported earnings of $3.87 per share, surpassing analyst expectations, while revenue grew by 1.4% year-over-year.

Voya Investment Management LLC increased its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 112.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 211,553 shares of the transportation company's stock after acquiring an additional 111,994 shares during the period. Voya Investment Management LLC owned approximately 0.06% of United Airlines worth $14,608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in UAL. Vanguard Group Inc. grew its stake in shares of United Airlines by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company's stock worth $2,552,200,000 after buying an additional 413,753 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in United Airlines by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company's stock worth $415,011,000 after acquiring an additional 125,284 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of United Airlines by 10,777.6% in the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock worth $349,953,000 after acquiring an additional 5,021,511 shares during the last quarter. Invesco Ltd. increased its holdings in shares of United Airlines by 26.1% during the first quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company's stock valued at $321,855,000 after acquiring an additional 964,388 shares in the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of United Airlines by 86.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company's stock worth $275,203,000 after purchasing an additional 1,847,884 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

Insider Activity

In related news, EVP Kate Gebo sold 6,343 shares of United Airlines stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.81, for a total transaction of $620,408.83. Following the transaction, the executive vice president owned 69,106 shares in the company, valued at approximately $6,759,257.86. The trade was a 8.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michelle Freyre sold 900 shares of the stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.13, for a total value of $82,917.00. Following the completion of the sale, the director owned 829 shares of the company's stock, valued at $76,375.77. The trade was a 52.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 106,791 shares of company stock worth $9,992,318. 0.63% of the stock is currently owned by insiders.

United Airlines Stock Down 1.9%

Shares of UAL stock opened at $104.55 on Tuesday. 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 Holdings Inc has a 12 month low of $50.31 and a 12 month high of $116.00. The stock has a market cap of $33.85 billion, a P/E ratio of 10.48, a P/E/G ratio of 1.38 and a beta of 1.47. The company has a 50 day simple moving average of $96.25 and a two-hundred day simple moving average of $82.20.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results 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 business had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.United Airlines's revenue for the quarter was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, research analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

Several analysts recently commented on UAL shares. UBS Group increased their price objective on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research report on Tuesday, July 15th. Barclays reiterated an "overweight" rating and issued a $100.00 target price (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Cowen restated a "buy" rating on shares of United Airlines in a report on Tuesday, July 15th. Finally, Susquehanna increased their target price on United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a research note on Tuesday, July 15th. Two equities research 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $112.57.

About United Airlines

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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