Alberta Investment Management Corp Purchases New Position in United Airlines Holdings Inc $UAL

Alberta Investment Management Corp purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 70,400 shares of the transportation company's stock, valued at approximately $9,574,000.

Several other hedge funds have also recently bought and sold shares of the stock. State Street Corp increased its holdings in shares of United Airlines by 0.5% during the fourth quarter. State Street Corp now owns 11,510,200 shares of the transportation company's stock worth $1,287,071,000 after buying an additional 52,962 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of United Airlines by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 9,012,731 shares of the transportation company's stock worth $1,015,218,000 after purchasing an additional 68,565 shares during the last quarter. Capital World Investors increased its stake in shares of United Airlines by 0.3% in the fourth quarter. Capital World Investors now owns 7,265,530 shares of the transportation company's stock valued at $812,428,000 after buying an additional 22,464 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of United Airlines by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company's stock valued at $521,330,000 after buying an additional 190,017 shares during the last quarter. Finally, Par Capital Management Inc. raised its holdings in shares of United Airlines by 1.6% in the fourth quarter. Par Capital Management Inc. now owns 4,894,850 shares of the transportation company's stock valued at $547,342,000 after buying an additional 75,000 shares during the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on UAL. JPMorgan Chase & Co. increased their price objective on shares of United Airlines from $156.00 to $203.00 and gave the stock an "overweight" rating in a report on Friday, July 17th. Barclays boosted their target price on shares of United Airlines from $150.00 to $175.00 and gave the stock an "overweight" rating in a research note on Thursday, June 25th. Zacks Research upgraded shares of United Airlines from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 11th. Susquehanna decreased their price target on shares of United Airlines from $172.00 to $165.00 and set a "positive" rating on the stock in a research note on Friday, July 17th. Finally, BMO Capital Markets raised their price target on shares of United Airlines from $130.00 to $157.50 and gave the company an "outperform" rating in a report on Thursday, July 2nd. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $156.79.

Insider Buying and Selling

In related news, President Brett J. Hart sold 30,108 shares of United Airlines stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the completion of the sale, the president directly owned 371,583 shares of the company's stock, valued at $44,857,499.76. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the company's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $119.91, for a total value of $2,398,200.00. Following the completion of the sale, the executive vice president owned 114,800 shares of the company's stock, valued at $13,765,668. This represents a 14.84% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 306,010 shares of company stock worth $35,949,843 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $125.34 on Monday. United Airlines Holdings Inc has a one year low of $84.64 and a one year high of $138.77. The company has a 50 day moving average of $123.28 and a 200-day moving average of $108.14. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.72. The stock has a market cap of $40.68 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 0.93 and a beta of 1.28.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, beating the consensus estimate of $1.88 by $0.11. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The business had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.62 billion. During the same period in the prior year, the business posted $3.87 earnings per share. United Airlines's revenue was up 16.4% compared to the same quarter last year. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. On average, sell-side analysts forecast that United Airlines Holdings Inc will post 10.48 earnings per share for the current year.

About United Airlines

United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.

In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.

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