QRG Capital Management Inc. Raises Holdings in United Airlines Holdings Inc $UAL

QRG Capital Management Inc. boosted its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 267.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 295,787 shares of the transportation company’s stock after buying an additional 215,377 shares during the quarter. QRG Capital Management Inc. owned approximately 0.09% of United Airlines worth $23,554,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UAL. Bison Wealth LLC acquired a new stake in United Airlines in the fourth quarter valued at approximately $246,000. Wealth Enhancement Advisory Services LLC boosted its stake in United Airlines by 9.9% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 23,340 shares of the transportation company’s stock valued at $2,266,000 after acquiring an additional 2,108 shares in the last quarter. Merit Financial Group LLC acquired a new stake in United Airlines in the first quarter valued at approximately $387,000. Wedmont Private Capital boosted its stake in United Airlines by 14.3% in the first quarter. Wedmont Private Capital now owns 5,206 shares of the transportation company’s stock valued at $342,000 after acquiring an additional 653 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in United Airlines by 23.7% in the first quarter. UMB Bank n.a. now owns 1,108 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 212 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on UAL. Bank of America raised their target price 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. Barclays lifted their price objective on shares of United Airlines from $100.00 to $115.00 and gave the stock an “overweight” rating in a research note on Wednesday. Weiss Ratings reiterated a “buy (b-)” rating on shares of United Airlines in a research note on Saturday, September 27th. Jefferies Financial Group lifted their price objective on shares of United Airlines from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Evercore ISI lifted their price objective on shares of United Airlines from $105.00 to $135.00 and gave the stock an “outperform” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $120.64.

Insiders Place Their Bets

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company’s stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the transaction, the executive vice president owned 62,358 shares in the company, valued at approximately $5,750,654.76. This represents a 24.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 of the company’s stock, valued at approximately $76,375.77. This trade represents a 52.05% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 106,791 shares of company stock valued at $9,992,318. Insiders own 0.71% of the company’s stock.

United Airlines Trading Up 0.5%

NASDAQ UAL opened at $95.33 on Friday. The company has a market capitalization of $30.86 billion, a PE ratio of 9.55, a P/E/G ratio of 1.19 and a beta of 1.45. The company has a fifty day moving average of $99.53 and a 200 day 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.

United Airlines (NASDAQ:UAL) last posted its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.81 by $0.06. The company had revenue of $15.24 billion during 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 quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Research analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share 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.