Ameriflex Group Inc. Has $27,000 Stock Holdings in United Airlines Holdings Inc $UAL

Ameriflex Group Inc. lowered its position in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 36.4% in the second quarter, Holdings Channel reports. The institutional investor owned 350 shares of the transportation company’s stock after selling 200 shares during the period. Ameriflex Group Inc.’s holdings in United Airlines were worth $27,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of UAL. Pacer Advisors Inc. raised its stake in 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 purchasing an additional 5,021,511 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of United Airlines by 86.4% during the first quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company’s stock worth $275,203,000 after purchasing an additional 1,847,884 shares during the period. Assenagon Asset Management S.A. raised its position in shares of United Airlines by 1,264.4% in the first quarter. Assenagon Asset Management S.A. now owns 1,604,783 shares of the transportation company’s stock valued at $110,810,000 after buying an additional 1,487,167 shares in the last quarter. AQR Capital Management LLC raised its position in shares of United Airlines by 334.6% in the first quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company’s stock valued at $116,539,000 after buying an additional 1,380,804 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of United Airlines by 1,575.1% in the first quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company’s stock valued at $88,203,000 after buying an additional 1,201,118 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on UAL. UBS Group raised their price objective on United Airlines from $114.00 to $131.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. JPMorgan Chase & Co. raised 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. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of United Airlines in a research report on Saturday, September 27th. TD Cowen increased their price objective on shares of United Airlines from $101.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Finally, Cowen restated a “buy” rating on shares of United Airlines in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $120.64.

Insider Buying and Selling

In other United Airlines news, President Brett J. Hart sold 24,772 shares of the company’s stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the transaction, the president owned 283,638 shares of the company’s stock, valued at $25,385,601. This represents a 8.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kate Gebo sold 29,953 shares of the stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total value of $2,923,113.27. Following the completion of the transaction, the executive vice president owned 45,496 shares of the company’s stock, valued at $4,439,954.64. This represents a 39.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,791 shares of company stock worth $9,992,318 in the last ninety days. Insiders own 0.63% of the company’s stock.

United Airlines Stock Up 0.5%

UAL stock opened at $95.33 on Monday. The firm has a 50-day moving average price of $99.53 and a 200-day moving average price of $84.34. United Airlines Holdings Inc has a 12 month low of $52.00 and a 12 month 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. The stock has a market capitalization of $30.86 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings results 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 analyst estimates of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

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.