United Airlines Holdings Inc $UAL Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 267.8% in the 2nd quarter, Holdings Channel reports. The firm owned 295,787 shares of the transportation company’s stock after purchasing an additional 215,377 shares during the period. QRG Capital Management Inc.’s holdings in United Airlines were worth $23,554,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of UAL. Hemington Wealth Management raised its position in shares of United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company’s stock worth $32,000 after purchasing an additional 160 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of United Airlines during the 1st quarter worth about $32,000. Eastern Bank acquired a new position in shares of United Airlines during the 1st quarter worth about $35,000. Banque Transatlantique SA acquired a new position in shares of United Airlines during the 1st quarter worth about $35,000. Finally, Strategic Investment Solutions Inc. IL raised its position in shares of United Airlines by 44.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company’s stock worth $46,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

UAL has been the subject of several research reports. Barclays upped their price objective on shares of United Airlines from $100.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday. Susquehanna upped their price objective on shares of United Airlines from $109.00 to $115.00 and gave the company a “positive” rating in a research note on Friday. Evercore ISI upped their price objective on shares of United Airlines from $105.00 to $135.00 and gave the company an “outperform” rating in a research note on Monday. Wall Street Zen cut shares of United Airlines from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Finally, Bank of America upped their price objective on shares of United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $120.64.

Insider Activity

In related news, Director Michelle Freyre sold 900 shares of the stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the completion of the transaction, the director owned 829 shares of the company’s stock, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Brett J. Hart sold 24,772 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the transaction, the president directly owned 283,638 shares of the company’s stock, valued at $25,385,601. The trade was a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 106,791 shares of company stock worth $9,992,318 in the last three months. 0.71% of the stock is currently owned by corporate insiders.

United Airlines Stock Performance

United Airlines stock opened at $95.33 on Friday. The firm has a 50 day simple moving average of $99.53 and a 200-day simple moving average of $84.20. United Airlines Holdings Inc has a 1-year low of $52.00 and a 1-year high of $116.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The stock has a market cap of $30.86 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 1.19 and a beta of 1.45.

United Airlines (NASDAQ:UAL) last posted 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. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business had revenue of $15.24 billion during the quarter, compared to analysts’ expectations of $15.31 billion. During the same quarter in the prior year, the company posted $4.14 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current 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.