Zimmer Partners LP Buys 89,800 Shares of United Airlines Holdings Inc $UAL

Key Points

• Zimmer Partners LP increased its stake in United Airlines Holdings by 108.6%, acquiring an additional 89,800 shares for a total of approximately $11.91 million.
• Institutional investors now own 69.69% of United Airlines shares, with notable increases from several hedge funds including Pacer Advisors and Alyeska Investment Group.
• United Airlines' earnings report showed $3.87 EPS, exceeding analysts' expectations, while the company set its FY 2025 guidance at 9.000-11.000 EPS.

Zimmer Partners LP lifted its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 108.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 172,500 shares of the transportation company's stock after purchasing an additional 89,800 shares during the quarter. Zimmer Partners LP owned about 0.05% of United Airlines worth $11,911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in UAL. Pacer Advisors Inc. boosted its position in shares of United Airlines by 10,777.6% in the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock worth $349,953,000 after purchasing an additional 5,021,511 shares in the last quarter. Alyeska Investment Group L.P. lifted its position in 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 valued at $275,203,000 after acquiring an additional 1,847,884 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in United Airlines by 1,264.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,604,783 shares of the transportation company's stock valued at $110,810,000 after acquiring an additional 1,487,167 shares in the last quarter. AQR Capital Management LLC lifted its position in United Airlines by 334.6% in the 1st quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company's stock valued at $116,539,000 after acquiring an additional 1,380,804 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its position in United Airlines by 1,575.1% in the 1st quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company's stock valued at $88,203,000 after acquiring an additional 1,201,118 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Price Performance

Shares of UAL opened at $107.77 on Tuesday. The firm has a market cap of $34.89 billion, a PE ratio of 10.80, a P/E/G ratio of 1.38 and a beta of 1.47. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. The firm has a fifty day simple moving average of $93.70 and a two-hundred day simple moving average of $81.81. United Airlines Holdings Inc has a 1-year low of $46.58 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its 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. 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% compared to the same quarter last year. During the same period in the previous year, the business earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, equities analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Wall Street Analysts Forecast Growth

UAL has been the topic of several analyst reports. Evercore ISI reaffirmed an "outperform" rating and issued a $105.00 price objective on shares of United Airlines in a research report on Thursday, July 17th. TD Cowen upped their price objective on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Bank of America upped their price objective on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Two 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 stock. Based on data from MarketBeat, United Airlines currently has an average rating of "Buy" and a consensus target price of $111.43.

Insider Transactions at United Airlines

In other news, EVP Kate Gebo sold 6,343 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was 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 directly owned 69,106 shares in the company, valued at $6,759,257.86. This represents a 8.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Barney Harford sold 9,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total value of $879,840.00. Following the completion of the sale, the director owned 80,000 shares of the company's stock, valued at $7,820,800. This trade represents a 10.11% 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 three months. 0.63% of the stock is currently owned by insiders.

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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