Allworth Financial LP Takes Position in United Airlines Holdings Inc $UAL

Allworth Financial LP acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,692 shares of the transportation company's stock, valued at approximately $2,134,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in 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 lifted its stake in shares of United Airlines by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,012,731 shares of the transportation company's stock valued at $1,015,218,000 after acquiring an additional 68,565 shares during the last quarter. Capital World Investors boosted its holdings in shares of United Airlines by 0.3% during the 4th quarter. Capital World Investors now owns 7,265,530 shares of the transportation company's stock valued at $812,428,000 after acquiring an additional 22,464 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of United Airlines by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company's stock valued at $521,330,000 after acquiring an additional 190,017 shares in the last quarter. Finally, Par Capital Management Inc. grew its position in United Airlines by 1.6% during the 4th quarter. Par Capital Management Inc. now owns 4,894,850 shares of the transportation company's stock worth $547,342,000 after acquiring an additional 75,000 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Trading Up 1.3%

Shares of UAL stock opened at $113.17 on Friday. The company has a market cap of $36.73 billion, a P/E ratio of 10.59, a PEG ratio of 0.86 and a beta of 1.28. The stock has a 50 day simple moving average of $124.00 and a two-hundred day simple moving average of $108.55. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.88 by $0.11. The firm had revenue of $17.67 billion for the quarter, compared to analysts' expectations of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The company's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the prior year, the business earned $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Research analysts forecast that United Airlines Holdings Inc will post 10.38 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction on Friday, July 24th. The stock was sold at an average price of $119.91, for a total value of $2,398,200.00. Following the transaction, the executive vice president directly owned 114,800 shares in the company, valued at $13,765,668. This trade represents a 14.84% decrease in their position. 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, President Brett J. Hart sold 30,108 shares of United Airlines stock in a transaction on Tuesday, July 28th. The shares were 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 approximately $44,857,499.76. The trade was a 7.50% 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. In the last quarter, insiders have sold 306,010 shares of company stock valued at $35,949,843. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on United Airlines from $130.00 to $165.00 and gave the company an "overweight" rating in a research note on Tuesday, June 30th. Sanford C. Bernstein boosted their target price on shares of United Airlines from $136.00 to $153.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. Susquehanna decreased their price target on shares of United Airlines from $172.00 to $165.00 and set a "positive" rating for the company in a research report on Friday, July 17th. Bank of America upped their price target on shares of United Airlines from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Finally, Citigroup raised their price target on shares of United Airlines from $132.00 to $171.00 and gave the company a "buy" rating in a research note on Monday, June 22nd. Sixteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, United Airlines has a consensus rating of "Moderate Buy" and an average price target of $156.79.

United Airlines Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source