Fifth Third Bancorp Increases Position in United Airlines Holdings Inc $UAL

Fifth Third Bancorp increased its position in United Airlines Holdings Inc (NASDAQ:UAL) by 10.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,259 shares of the transportation company’s stock after acquiring an additional 1,212 shares during the period. Fifth Third Bancorp’s holdings in United Airlines were worth $1,056,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of United Airlines by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company’s stock worth $105,000,000 after purchasing an additional 16,477 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. purchased a new position in United Airlines during the 1st quarter worth approximately $15,089,000. Generate Investment Management Ltd purchased a new position in United Airlines during the 1st quarter worth approximately $10,773,000. Exchange Traded Concepts LLC lifted its stake in United Airlines by 132.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company’s stock valued at $518,000 after acquiring an additional 4,281 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of United Airlines by 7,225.9% in the 1st quarter. GAMMA Investing LLC now owns 360,579 shares of the transportation company’s stock valued at $24,898,000 after acquiring an additional 355,657 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Buying and Selling

In other news, Director Barney Harford sold 9,000 shares of United Airlines stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total value of $879,840.00. Following the sale, the director owned 80,000 shares in the company, valued at $7,820,800. This trade represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michelle Freyre sold 900 shares of the business’s stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director directly owned 829 shares of the company’s stock, valued at $76,375.77. This represents a 52.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock worth $9,992,318 in the last 90 days. 0.63% of the stock is owned by insiders.

United Airlines Price Performance

Shares of United Airlines stock opened at $97.91 on Monday. The firm has a market cap of $31.70 billion, a PE ratio of 9.81, a P/E/G ratio of 1.27 and a beta of 1.47. United Airlines Holdings Inc has a twelve month low of $52.00 and a twelve month high of $116.00. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The business has a 50-day moving average price of $99.05 and a 200 day moving average price of $83.56.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data 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 company had revenue of $15.24 billion for 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 quarterly revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company earned $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Sell-side analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UAL. Wall Street Zen cut shares of United Airlines from a “buy” rating to a “hold” rating in a report on Friday, July 18th. TD Cowen increased their price target on United Airlines from $101.00 to $127.00 and gave the stock a “buy” rating in a research report on Monday, July 21st. UBS Group boosted their price objective on United Airlines from $114.00 to $131.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI reaffirmed an “outperform” rating and set a $105.00 target price on shares of United Airlines in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. boosted their price target on United Airlines from $122.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $113.79.

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.