Mirae Asset Global Investments Co. Ltd. Boosts Stake in United Airlines Holdings Inc $UAL

Mirae Asset Global Investments Co. Ltd. grew its position in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 15.1% during the second quarter, Holdings Channel reports. The fund owned 40,345 shares of the transportation company’s stock after purchasing an additional 5,292 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in United Airlines were worth $3,213,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. grew its stake in shares of 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 worth $349,953,000 after buying an additional 5,021,511 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in shares of United Airlines by 86.4% in the 1st 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. grew its stake in shares of United Airlines by 1,264.4% in the 1st 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 during the last quarter. AQR Capital Management LLC grew its stake in shares of United Airlines by 334.6% in the 1st quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company’s stock worth $116,539,000 after buying an additional 1,380,804 shares during the last quarter. Finally, Allianz Asset Management GmbH grew its stake 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 buying an additional 1,201,118 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insider Activity

In other news, Director Barney Harford sold 15,823 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the transaction, the director directly owned 89,000 shares of the company’s stock, valued at $8,012,670. This represents a 15.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the transaction, the executive vice president directly owned 62,358 shares in the company, valued at $5,750,654.76. The trade was a 24.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,791 shares of company stock worth $9,992,318. Insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore ISI upped their price target on United Airlines from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday, September 29th. Cowen restated a “buy” rating on shares of United Airlines in a research note on Tuesday, July 15th. Susquehanna upped their price target on United Airlines from $109.00 to $115.00 and gave the stock a “positive” rating in a research note on Friday. Barclays increased their target price on United Airlines from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Finally, Wall Street Zen downgraded United Airlines from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, United Airlines currently has an average rating of “Buy” and an average price target of $120.64.

United Airlines Stock Performance

Shares of UAL opened at $96.65 on Wednesday. The business’s fifty day simple moving average is $99.74 and its two-hundred day simple moving average is $84.58. The company has a market cap of $31.29 billion, a price-to-earnings ratio of 9.68, a P/E/G ratio of 1.23 and a beta of 1.45. 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 12 month low of $52.00 and a 12 month high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating the consensus estimate of $3.81 by $0.06. The firm had revenue of $15.24 billion for the quarter, compared to analysts’ expectations of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Research analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

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.