Peregrine Asset Advisers Inc. lowered its position in shares of United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 3.4% in the 2nd quarter, Holdings Channel reports. The fund owned 54,677 shares of the transportation company’s stock after selling 1,903 shares during the period. United Airlines comprises 1.4% of Peregrine Asset Advisers Inc.’s investment portfolio, making the stock its 24th biggest holding. Peregrine Asset Advisers Inc.’s holdings in United Airlines were worth $4,354,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the company. Rosenberg Matthew Hamilton grew its position in United Airlines by 14.2% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 935 shares of the transportation company’s stock valued at $74,000 after buying an additional 116 shares in the last quarter. Pinnacle Associates Ltd. grew its position in United Airlines by 1.1% in the 2nd quarter. Pinnacle Associates Ltd. now owns 10,286 shares of the transportation company’s stock valued at $819,000 after buying an additional 116 shares in the last quarter. Wedbush Securities Inc. grew its position in United Airlines by 3.3% in the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company’s stock valued at $321,000 after buying an additional 147 shares in the last quarter. Foster Group Inc. grew its position in United Airlines by 2.8% in the 2nd quarter. Foster Group Inc. now owns 5,392 shares of the transportation company’s stock valued at $429,000 after buying an additional 148 shares in the last quarter. Finally, Principal Securities Inc. grew its position in United Airlines by 2.0% in the 1st quarter. Principal Securities Inc. now owns 7,758 shares of the transportation company’s stock valued at $536,000 after buying an additional 149 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on UAL. Jefferies Financial Group increased their target price on shares of United Airlines from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. TD Cowen raised their price objective on shares of United Airlines from $127.00 to $138.00 and gave the company a “buy” rating in a research report on Monday, October 20th. Weiss Ratings lowered shares of United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $149.00 to $156.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Finally, Barclays raised their price objective on shares of United Airlines from $115.00 to $135.00 and gave the company an “overweight” rating in a research report on Friday, October 17th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, United Airlines presently has an average rating of “Buy” and a consensus price target of $124.93.
United Airlines Stock Performance
UAL stock opened at $94.04 on Monday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.61 and a current ratio of 0.67. The stock has a market cap of $30.44 billion, a P/E ratio of 9.42, a P/E/G ratio of 0.89 and a beta of 1.45. The firm has a 50 day simple moving average of $101.21 and a 200 day simple moving average of $88.74. United Airlines Holdings Inc has a 52 week low of $52.00 and a 52 week high of $116.00.
United Airlines (NASDAQ:UAL – Get Free Report) last posted its quarterly earnings results on Wednesday, October 15th. The transportation company reported $2.78 EPS for the quarter, topping the consensus estimate of $2.65 by $0.13. The business had revenue of $15.23 billion during the quarter, compared to analysts’ expectations of $15.31 billion. United Airlines had a net margin of 5.64% and a return on equity of 26.94%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company posted $3.33 earnings per share. United Airlines has set its Q4 2025 guidance at 3.000-3.500 EPS. Research analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.
Insider Activity at United Airlines
In related news, Director Barney Harford sold 15,823 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the transaction, the director owned 89,000 shares of the company’s stock, valued at approximately $8,012,670. This trade represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kate Gebo sold 29,953 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total transaction of $2,923,113.27. Following the transaction, the executive vice president directly owned 45,496 shares in the company, valued at approximately $4,439,954.64. The trade was a 39.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 61,119 shares of company stock worth $5,847,907. Insiders own 0.71% of the company’s stock.
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.
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