GAMMA Investing LLC Reduces Stake in United Airlines Holdings, Inc.

GAMMA Investing LLC has announced a reduction in its holdings of United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 5.0% during the third quarter, according to their latest filing with the SEC. Following this reduction, the institutional investor now holds 3,985 shares of the airline's stock, having sold 210 shares during the quarter. As of the latest reporting period, the value of GAMMA Investing LLC's holdings in United Airlines was approximately $227,000.

In addition to GAMMA Investing's actions, several other institutional investors have also adjusted their positions in United Airlines recently. For example, the Czech National Bank increased its stake in the company by 6.9% during the third quarter, acquiring a total of 66,987 shares valued at $3,822,000 after purchasing an additional 4,331 shares. Similarly, Handelsbanken Fonder AB raised its position by 15.7% in the same period, now owning 32,233 shares worth $1,839,000 after adding 4,363 shares to its portfolio.

Furthermore, HBW Advisory Services LLC established a new position in United Airlines valued at around $254,000 during the third quarter. Apella Capital LLC boosted its holdings by 5.1%, now having 36,486 shares valued at $2,034,000 after acquiring an extra 1,772 shares. SG Americas Securities LLC also increased its investment by 6.6%, now holding 57,260 shares valued at $3,267,000 following the acquisition of an additional 3,534 shares. Overall, institutional investors and hedge funds currently own approximately 69.69% of United Airlines stock.

Current Stock Performance of United Airlines

As of Friday, shares of United Airlines (UAL) opened at $61.80. The company's stock has a fifty-day simple moving average of $47.97 and a 200-day simple moving average of $48.79. Over the past year, United Airlines shares have reached a low of $33.68 and a high of $61.92. The firm boasts a market capitalization of $20.32 billion and has a price-to-earnings ratio (P/E) of 7.01, along with a price/earnings-to-growth (P/E/G) ratio of 0.88. Additionally, United Airlines has a beta of 1.44, a debt-to-equity ratio of 2.07, a current ratio of 0.77, and a quick ratio of 0.71.

United Airlines last announced its earnings results on July 17th, where the company reported earnings per share (EPS) of $4.14 for the quarter, surpassing analysts' expectations of $3.97 by $0.17. The company generated revenues of $14.99 billion for the quarter, which is slightly below the forecasted $15.04 billion. United Airlines achieved a net margin of 5.28% and a strong return on equity of 33.90%. The quarterly revenue reflects a year-over-year increase of 5.7%. In the same quarter of the previous year, United Airlines reported an EPS of $5.03. Analysts predict that United Airlines will report an EPS of 9.91 for the current fiscal year.

Analyst Forecasts and Price Targets

United Airlines has received attention from various analysts recently. Susquehanna increased its price target for United Airlines from $60.00 to $70.00 and assigned the stock a “positive” rating in a research note. Similarly, Jefferies Financial Group raised its target from $69.00 to $75.00 and rated the stock as a “buy.” Additionally, TD Cowen lifted its price target from $65.00 to $80.00 while also giving the stock a “buy” rating. Presently, two analysts have issued a hold rating for the stock, while twelve analysts recommend buying. According to data from MarketBeat.com, United Airlines holds a consensus rating of “Moderate Buy,” with an average target price of $74.32.

Company Overview

United Airlines Holdings, Inc. operates through subsidiaries that provide air transportation services across various regions, including North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports passengers and cargo via both its mainline and regional fleets. In addition to transportation services, United Airlines offers catering, ground handling, flight training, and maintenance services for third-party clients.

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