BI Asset Management Fondsmaeglerselskab A S Grows Position in United Airlines Holdings Inc $UAL

BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 91.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,090 shares of the transportation company’s stock after purchasing an additional 21,495 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in United Airlines were worth $3,113,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of United Airlines by 1.1% during the first quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company’s stock valued at $2,552,200,000 after buying an additional 413,753 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in United Airlines by 2.1% in the 1st 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 during the last quarter. Pacer Advisors Inc. lifted its position in United Airlines by 10,777.6% during the 1st 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 period. Invesco Ltd. lifted its position in United Airlines by 26.1% during the 1st quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company’s stock worth $321,855,000 after acquiring an additional 964,388 shares during the period. Finally, Castle Hook Partners LP grew its stake in United Airlines by 3.6% during the 4th quarter. Castle Hook Partners LP now owns 4,396,016 shares of the transportation company’s stock valued at $426,853,000 after purchasing an additional 150,896 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UAL. Barclays restated an “overweight” rating and issued a $100.00 price objective (up from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Wall Street Zen downgraded shares of United Airlines from a “buy” rating to a “hold” rating in a report on Friday, July 18th. Sanford C. Bernstein restated an “outperform” rating on shares of United Airlines in a research note on Tuesday, May 13th. Susquehanna upped their price objective on shares of United Airlines from $81.00 to $109.00 and gave the company a “positive” rating in a report on Tuesday, July 15th. Finally, UBS Group increased their price objective on shares of United Airlines from $103.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, July 15th. Two 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 stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $111.43.

United Airlines Trading Down 2.3%

United Airlines stock opened at $99.84 on Thursday. 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 market cap of $32.32 billion, a PE ratio of 10.00, a P/E/G ratio of 1.32 and a beta of 1.48. The stock’s 50 day simple moving average is $86.47 and its two-hundred day simple moving average is $82.16. United Airlines Holdings Inc has a 12 month low of $40.96 and a 12 month high of $116.00.

United Airlines (NASDAQ:UAL) last posted its 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 firm had revenue of $15.24 billion during the quarter, compared to analysts’ expectations of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Transactions at United Airlines

In related news, President Brett J. Hart sold 24,772 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the transaction, the president owned 283,638 shares of the company’s stock, valued at approximately $25,385,601. This represents a 8.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Barney Harford sold 15,823 shares of the 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 transaction, the director owned 89,000 shares in the company, valued at $8,012,670. This represents a 15.09% 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 over the last quarter. Company insiders own 0.71% of the company’s stock.

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.