Martingale Asset Management L P Acquires Shares of 12,316 United Airlines Holdings Inc $UAL

Martingale Asset Management L P acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,316 shares of the transportation company’s stock, valued at approximately $850,000.

Several other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in United Airlines by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company’s stock valued at $2,552,200,000 after acquiring an additional 413,753 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 valued at $415,011,000 after acquiring an additional 125,284 shares during the last quarter. Pacer Advisors Inc. grew its position in 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 valued at $349,953,000 after acquiring an additional 5,021,511 shares during the last quarter. Invesco Ltd. grew its position in United Airlines by 26.1% in the 1st quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company’s stock valued at $321,855,000 after acquiring an additional 964,388 shares during the last quarter. Finally, Castle Hook Partners LP grew its position in United Airlines by 3.6% in 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 acquiring an additional 150,896 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

Shares of UAL stock 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 stock’s 50-day moving average is $87.45 and its 200 day moving average is $81.69. The company has a market cap of $33.34 billion, a P/E ratio of 10.32, a PEG ratio of 1.33 and a beta of 1.48. 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 issued its quarterly earnings data 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. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter last year, the company earned $4.14 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other United Airlines news, Director Barney Harford sold 9,000 shares of the stock in a transaction dated 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 directly owned 80,000 shares in the company, valued at approximately $7,820,800. This trade represents a 10.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Michelle Freyre sold 900 shares of the stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the completion of the sale, the director owned 829 shares of the company’s stock, valued at approximately $76,375.77. This trade represents a 52.05% 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 valued at $9,992,318 in the last 90 days. 0.63% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Cowen reaffirmed a “buy” rating on shares of United Airlines in a research report on Tuesday, July 15th. UBS Group increased their price target on United Airlines from $103.00 to $114.00 and gave the stock a “buy” rating in a research report on Tuesday, July 15th. Evercore ISI reissued an “outperform” rating and set a $105.00 price target on shares of United Airlines in a research report on Thursday, July 17th. 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. Finally, Sanford C. Bernstein reissued 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 issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $111.43.

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.