Bayforest Capital Ltd Buys 8,534 Shares of United Airlines Holdings Inc $UAL

Bayforest Capital Ltd boosted its stake in United Airlines Holdings Inc (NASDAQ:UAL) by 840.0% in the second quarter, HoldingsChannel reports. The firm owned 9,550 shares of the transportation company’s stock after acquiring an additional 8,534 shares during the period. Bayforest Capital Ltd’s holdings in United Airlines were worth $760,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Hemington Wealth Management grew 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 valued at $32,000 after acquiring an additional 160 shares during the period. WPG Advisers LLC purchased a new position in shares of United Airlines during the 1st quarter valued at $32,000. Eastern Bank purchased a new position in shares of United Airlines during the 1st quarter valued at $35,000. Banque Transatlantique SA purchased a new position in shares of United Airlines during the 1st quarter valued at $35,000. Finally, Strategic Investment Solutions Inc. IL lifted its stake 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 valued at $46,000 after buying an additional 177 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Up 2.7%

Shares of NASDAQ UAL opened at $99.25 on Tuesday. The stock has a market capitalization of $32.13 billion, a price-to-earnings ratio of 9.94, a P/E/G ratio of 1.23 and a beta of 1.45. United Airlines Holdings Inc has a 12-month low of $52.00 and a 12-month high of $116.00. The firm’s 50-day moving average price is $100.65 and its 200-day moving average price is $85.27. 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 issued 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. The company had revenue of $15.24 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have commented on UAL shares. Jefferies Financial Group boosted their price target on shares of United Airlines from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Wall Street Zen downgraded shares of United Airlines from a “buy” rating to a “hold” rating in a report on Friday, July 18th. JPMorgan Chase & Co. increased their price objective on shares of United Airlines from $122.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Cowen reissued a “buy” rating on shares of United Airlines in a report on Tuesday, July 15th. Finally, Bank of America increased their price objective on shares of United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a report on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $120.64.

Insider Activity at United Airlines

In other United Airlines news, EVP Kate Gebo sold 29,953 shares of the company’s 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 transaction, the executive vice president directly owned 45,496 shares in the company, valued at $4,439,954.64. This represents a 39.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michelle Freyre sold 900 shares of the company’s stock in a transaction dated Monday, July 28th. The stock was 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 in the company, valued at $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock worth $9,992,318 in the last three months. 0.63% of the stock is owned by insiders.

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.