Seamount Financial Group Inc. Grows Stake in United Airlines Holdings Inc $UAL

Seamount Financial Group Inc. increased its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 15.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in United Airlines by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company’s stock worth $2,552,200,000 after buying an additional 413,753 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of United Airlines by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company’s stock worth $415,011,000 after purchasing an additional 125,284 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of United Airlines by 10,777.6% during the first 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. Invesco Ltd. raised its stake in United Airlines by 26.1% in the 1st quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company’s stock valued at $321,855,000 after purchasing an additional 964,388 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in United Airlines by 86.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company’s stock valued at $275,203,000 after purchasing an additional 1,847,884 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Stock Performance

United Airlines stock opened at $97.07 on Tuesday. The firm has a 50 day simple moving average of $99.62 and a 200-day simple moving average of $84.49. The stock 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. 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 Holdings Inc has a 1-year low of $52.00 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, beating analysts’ consensus estimates of $3.81 by $0.06. The firm had revenue of $15.24 billion for the quarter, compared to analysts’ expectations of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $4.14 earnings per share. 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.

Analysts Set New Price Targets

UAL has been the subject of a number of research reports. JPMorgan Chase & Co. upped their target price on shares of United Airlines from $122.00 to $149.00 and gave the stock an “overweight” rating in a report on Friday, September 12th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of United Airlines in a research note on Saturday, September 27th. Evercore ISI increased their price objective on shares of United Airlines from $105.00 to $135.00 and gave the company an “outperform” rating in a report on Monday, September 29th. Susquehanna boosted their target price on United Airlines from $109.00 to $115.00 and gave the stock a “positive” rating in a report on Friday. Finally, Cowen restated a “buy” rating on shares of United Airlines in a research report on Tuesday, July 15th. Two 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. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $120.64.

Insider Buying and Selling at United Airlines

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 shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director owned 829 shares of the company’s stock, valued at approximately $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,791 shares of company stock worth $9,992,318. Insiders own 0.63% of the company’s stock.

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.