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

Cresset Asset Management LLC trimmed its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 11.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,423 shares of the transportation company’s stock after selling 707 shares during the quarter. Cresset Asset Management LLC’s holdings in United Airlines were worth $374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in UAL. MML Investors Services LLC lifted its position in United Airlines by 70.9% during the 4th quarter. MML Investors Services LLC now owns 18,042 shares of the transportation company’s stock worth $1,752,000 after acquiring an additional 7,484 shares during the period. IHT Wealth Management LLC acquired a new stake in United Airlines during the 4th quarter worth approximately $218,000. Integrated Wealth Concepts LLC lifted its position in United Airlines by 62.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 17,052 shares of the transportation company’s stock worth $1,656,000 after acquiring an additional 6,536 shares during the period. Kovitz Investment Group Partners LLC acquired a new stake in United Airlines during the 4th quarter worth approximately $640,000. Finally, Boothbay Fund Management LLC lifted its position in United Airlines by 661.5% during the 4th quarter. Boothbay Fund Management LLC now owns 66,249 shares of the transportation company’s stock worth $6,433,000 after acquiring an additional 57,549 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on UAL shares. Susquehanna increased their price objective on United Airlines from $81.00 to $109.00 and gave the stock a “positive” rating in a research report on Tuesday, July 15th. Wall Street Zen downgraded United Airlines from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Cowen reissued a “buy” rating on shares of United Airlines in a research note on Tuesday, July 15th. UBS Group increased 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. Finally, TD Cowen increased 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. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $111.43.

United Airlines Stock Performance

NASDAQ UAL opened at $102.98 on Monday. United Airlines Holdings Inc has a 1-year low of $40.96 and a 1-year high of $116.00. The company has a market capitalization of $33.34 billion, a P/E ratio of 10.32, a PEG ratio of 1.33 and a beta of 1.48. The business has a 50 day moving average price of $87.45 and a 200 day moving average price of $81.69. 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) last released its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The firm had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same period last year, the business posted $4.14 EPS. 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. Sell-side analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Transactions at United Airlines

In related news, Director Barney Harford sold 15,823 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $90.03, for a total value 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 $8,012,670. This trade represents a 15.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kate Gebo sold 29,953 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total value of $2,923,113.27. Following the sale, the executive vice president owned 45,496 shares in the company, valued at approximately $4,439,954.64. This trade represents a 39.70% decrease in their position. 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. 0.63% of the stock is currently owned by corporate 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.