Nissay Asset Management Corp Japan ADV Invests $722,000 in United Airlines Holdings Inc $UAL

Nissay Asset Management Corp Japan ADV acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the 1st quarter, Holdings Channel reports. The fund acquired 10,463 shares of the transportation company’s stock, valued at approximately $722,000.

Several other institutional investors have also modified their holdings of UAL. Pacer Advisors Inc. lifted 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 buying an additional 5,021,511 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in shares of United Airlines by 86.4% during 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. lifted its position in shares of United Airlines by 1,264.4% during 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 lifted its position in shares of United Airlines by 334.6% during 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 lifted its position in shares of United Airlines by 1,575.1% during 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.

United Airlines Stock Performance

Shares of UAL opened at $105.65 on Wednesday. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. The stock has a market capitalization of $34.20 billion, a P/E ratio of 10.59, a P/E/G ratio of 1.40 and a beta of 1.47. The company’s fifty day moving average is $94.22 and its two-hundred day moving average is $81.98. United Airlines Holdings Inc has a 1 year low of $47.01 and a 1 year high of $116.00.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data 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 company had revenue of $15.24 billion for 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% compared to the same quarter last year. During the same period in the previous year, the company posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, sell-side analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Buying and Selling

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the transaction, the president directly owned 283,638 shares of the company’s stock, valued at approximately $25,385,601. The trade was a 8.03% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Barney Harford sold 15,823 shares of the company’s 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 in the company, valued at approximately $8,012,670. This trade represents a 15.09% 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 worth $9,992,318 in the last ninety days. Insiders own 0.63% of the company’s stock.

Analyst Upgrades and Downgrades

UAL has been the subject of several research reports. Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a research report on Tuesday, May 13th. Evercore ISI reiterated an “outperform” rating and issued a $105.00 price target on shares of United Airlines in a research report on Thursday, July 17th. Susquehanna upped their price target on shares of United Airlines from $81.00 to $109.00 and gave the company a “positive” rating in a research report on Tuesday, July 15th. Bank of America upped their price target on shares of United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Finally, Cowen reiterated a “buy” rating on shares of United Airlines in a research report 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 issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $111.43.

About United Airlines

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.