Lecap Asset Management Ltd. Sells 2,536 Shares of United Airlines Holdings Inc $UAL

Lecap Asset Management Ltd. reduced its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 34.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,902 shares of the transportation company’s stock after selling 2,536 shares during the quarter. Lecap Asset Management Ltd.’s holdings in United Airlines were worth $390,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. increased its position in shares of 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 purchasing an additional 5,021,511 shares in the last quarter. Alyeska Investment Group L.P. grew its stake in United Airlines by 86.4% during the first quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company’s stock worth $275,203,000 after buying an additional 1,847,884 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of United Airlines by 1,264.4% during the first quarter. Assenagon Asset Management S.A. now owns 1,604,783 shares of the transportation company’s stock worth $110,810,000 after buying an additional 1,487,167 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of United Airlines by 334.6% in the first quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company’s stock valued at $116,539,000 after acquiring an additional 1,380,804 shares during the last quarter. Finally, Allianz Asset Management GmbH boosted its holdings in shares of United Airlines by 1,575.1% in the 1st quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company’s stock worth $88,203,000 after acquiring an additional 1,201,118 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Activity at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the transaction, the executive vice president owned 62,358 shares of the company’s stock, valued at $5,750,654.76. This represents a 24.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction on Monday, July 28th. The stock was sold at an average price of $92.13, for a total value of $82,917.00. Following the sale, the director directly 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. In the last ninety days, insiders have sold 106,791 shares of company stock worth $9,992,318. 0.71% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of United Airlines in a report on Saturday, September 27th. TD Cowen raised their target price on United Airlines from $101.00 to $127.00 and gave the company a “buy” rating in a research note on Monday, July 21st. Jefferies Financial Group upped their price target on shares of United Airlines from $115.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna raised their price objective on shares of United Airlines from $109.00 to $115.00 and gave the company a “positive” rating in a research report on Friday. Finally, Barclays boosted their target price on shares of United Airlines from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $120.64.

United Airlines Stock Performance

Shares of NASDAQ:UAL opened at $95.33 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.65 and a debt-to-equity ratio of 1.56. United Airlines Holdings Inc has a 1-year low of $52.00 and a 1-year high of $116.00. The stock has a market capitalization of $30.86 billion, a P/E ratio of 9.55, a P/E/G ratio of 1.19 and a beta of 1.45. The business has a 50-day moving average price of $99.53 and a two-hundred day moving average price of $84.20.

United Airlines (NASDAQ:UAL) last issued 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. The company 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%. United Airlines’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities analysts predict 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.