United Airlines Holdings Inc $UAL Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC lifted its stake in United Airlines Holdings Inc (NASDAQ:UAL) by 28.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,545 shares of the transportation company’s stock after purchasing an additional 4,320 shares during the quarter. HighTower Advisors LLC’s holdings in United Airlines were worth $1,350,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UAL. Pacer Advisors Inc. increased its holdings 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 valued at $349,953,000 after purchasing an additional 5,021,511 shares during the last quarter. Fred Alger Management LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at approximately $155,860,000. Assenagon Asset Management S.A. increased its holdings in shares of United Airlines by 1,264.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,604,783 shares of the transportation company’s stock valued at $110,810,000 after purchasing an additional 1,487,167 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of United Airlines by 1,575.1% in the first quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company’s stock valued at $88,203,000 after purchasing an additional 1,201,118 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of United Airlines by 783.1% in the first quarter. Victory Capital Management Inc. now owns 1,152,520 shares of the transportation company’s stock valued at $79,582,000 after purchasing an additional 1,022,012 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on UAL shares. UBS Group increased their price objective on United Airlines from $103.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, July 15th. Barclays reiterated an “overweight” rating and issued a $100.00 price objective (up from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Wall Street Zen lowered United Airlines from a “buy” rating to a “hold” rating in a research report on Friday, July 18th. Cowen reiterated a “buy” rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $111.43.

Insider Buying and Selling at United Airlines

In related news, EVP Kate Gebo sold 29,953 shares of United Airlines stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total value of $2,923,113.27. Following the completion of the transaction, the executive vice president directly owned 45,496 shares in the company, valued at approximately $4,439,954.64. This trade represents a 39.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Barney Harford sold 15,823 shares of United Airlines stock in a transaction on Friday, August 8th. The shares were 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 owned 89,000 shares of the company’s stock, valued at approximately $8,012,670. This trade represents a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,791 shares of company stock valued at $9,992,318. Corporate insiders own 0.63% of the company’s stock.

United Airlines Trading Down 0.6%

UAL opened at $102.34 on Tuesday. United Airlines Holdings Inc has a 52 week low of $40.96 and a 52 week high of $116.00. The business has a fifty day simple moving average of $87.92 and a 200-day simple moving average of $81.65. The firm has a market cap of $33.13 billion, a P/E ratio of 10.25, a P/E/G ratio of 1.33 and a beta of 1.48. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping 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 business had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same period last year, the business posted $4.14 earnings per share. The company’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. On average, equities analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

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.