United Airlines Holdings Inc $UAL Shares Purchased by Seamount Financial Group Inc.

Seamount Financial Group Inc. increased its stake in United Airlines Holdings Inc (NASDAQ:UAL) by 15.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,744 shares of the transportation company’s stock after purchasing an additional 1,056 shares during the period. Seamount Financial Group Inc.’s holdings in United Airlines were worth $617,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Hemington Wealth Management raised its holdings in shares of United Airlines by 50.6% in the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company’s stock worth $32,000 after buying an additional 160 shares during the last quarter. WPG Advisers LLC acquired a new position in shares of United Airlines in the 1st quarter valued at $32,000. Eastern Bank purchased a new position in United Airlines in the 1st quarter worth $35,000. Banque Transatlantique SA acquired a new stake in United Airlines during the 1st quarter worth about $35,000. Finally, Strategic Investment Solutions Inc. IL grew its stake in United Airlines by 44.0% during the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company’s stock valued at $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.

Insider Activity

In related news, EVP Kate Gebo sold 6,343 shares of United Airlines stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $97.81, for a total value of $620,408.83. Following the completion of the transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Barney Harford sold 9,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total value of $879,840.00. Following the transaction, the director owned 80,000 shares in the company, valued at $7,820,800. This represents a 10.11% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,791 shares of company stock worth $9,992,318. 0.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UAL shares. Jefferies Financial Group raised their price objective on United Airlines from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Weiss Ratings reissued a “buy (b-)” rating on shares of United Airlines in a research report on Saturday, September 27th. JPMorgan Chase & Co. lifted their price objective on shares of United Airlines from $122.00 to $149.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. Wall Street Zen lowered shares of United Airlines from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Finally, Evercore ISI boosted their target price on shares of United Airlines from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $120.64.

United Airlines Price Performance

NASDAQ:UAL opened at $97.07 on Tuesday. 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 company has a 50 day moving average price of $99.62 and a 200-day moving average price of $84.49. United Airlines Holdings Inc has a 1-year low of $52.00 and a 1-year high of $116.00. The firm has a market cap of $31.42 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 1.20 and a beta of 1.45.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS 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 company had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. During the same quarter last year, the business earned $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 forecast that United Airlines Holdings Inc will post 12.96 EPS 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.