United Airlines Holdings Inc $UAL Shares Sold by Ascent Group LLC

Ascent Group LLC reduced its position in United Airlines Holdings Inc (NASDAQ:UAL) by 23.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,977 shares of the transportation company’s stock after selling 1,833 shares during the quarter. Ascent Group LLC’s holdings in United Airlines were worth $476,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC acquired a new stake in shares of United Airlines in the 2nd quarter worth $527,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of United Airlines by 57.3% during the 2nd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 72,203 shares of the transportation company’s stock worth $5,750,000 after purchasing an additional 26,303 shares during the period. Matauro LLC purchased a new position in shares of United Airlines during the 2nd quarter worth $1,785,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of United Airlines by 15.1% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 40,345 shares of the transportation company’s stock worth $3,213,000 after purchasing an additional 5,292 shares during the period. Finally, Consolidated Portfolio Review Corp purchased a new position in United Airlines during the 2nd quarter valued at about $232,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Bank of America raised their target price on United Airlines from $90.00 to $108.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Barclays raised their target price on United Airlines from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. UBS Group raised their target price on United Airlines from $114.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Evercore ISI lifted their price target on United Airlines from $105.00 to $135.00 and gave the stock an “outperform” rating in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. lifted their price target on United Airlines from $122.00 to $149.00 and gave the stock an “overweight” rating in a research report on Friday, September 12th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $120.64.

Insider Activity

In other United Airlines news, Director Michelle Freyre sold 900 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The stock was sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director owned 829 shares in the company, valued at $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kate Gebo sold 6,343 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total value of $620,408.83. Following the sale, the executive vice president owned 69,106 shares in the company, valued at $6,759,257.86. The trade was a 8.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 106,791 shares of company stock valued at $9,992,318 over the last three months. Company insiders own 0.63% of the company’s stock.

United Airlines Stock Performance

United Airlines stock opened at $96.65 on Wednesday. The firm has a market capitalization of $31.29 billion, a P/E ratio of 9.68, a PEG ratio of 1.23 and a beta of 1.45. The stock has a fifty day moving average price of $99.74 and a 200 day moving average price of $84.58. United Airlines Holdings Inc has a 52 week low of $52.00 and a 52 week high of $116.00. 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 (NASDAQ:UAL) last announced 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. 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 during the quarter, compared to analyst estimates of $15.31 billion. During the same period in the prior year, the firm posted $4.14 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities research analysts anticipate 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.