Arrowstreet Capital Limited Partnership Acquires Shares of 9,971 United Airlines Holdings Inc $UAL

Key Points

• Arrowstreet Capital initiated a position in United Airlines, buying 9,971 shares valued at approximately $918,000. Institutional investors collectively own 69.69% of UAL.
• Analysts remain broadly optimistic, with 16 Buy ratings and two Holds, an overall “Moderate Buy” consensus, and an average price target of $156.79.
• United Airlines beat quarterly expectations with adjusted EPS of $1.99 and revenue of $17.67 billion, while revenue rose 16.4% year over year. The company expects fiscal 2026 EPS of $9 to $11.

Arrowstreet Capital Limited Partnership acquired a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,971 shares of the transportation company's stock, valued at approximately $918,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bison Wealth LLC bought a new position in United Airlines in the fourth quarter worth $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of United Airlines by 24.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company's stock valued at $2,753,000 after buying an additional 7,713 shares in the last quarter. Focus Partners Wealth grew its position in shares of United Airlines by 92.7% in the 1st quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company's stock worth $853,000 after buying an additional 5,939 shares during the period. First Trust Advisors LP grew its position in shares of United Airlines by 23.5% in the 2nd quarter. First Trust Advisors LP now owns 292,580 shares of the transportation company's stock worth $23,298,000 after buying an additional 55,728 shares during the period. Finally, Cresset Asset Management LLC increased its stake in shares of United Airlines by 73.5% in the 2nd quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company's stock worth $749,000 after acquiring an additional 3,987 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of United Airlines in a research note on Friday, July 17th. Sanford C. Bernstein raised their target price on shares of United Airlines from $136.00 to $153.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. Wells Fargo & Company lifted their target price on shares of United Airlines from $130.00 to $165.00 and gave the company an "overweight" rating in a report on Tuesday, June 30th. Zacks Research raised United Airlines from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 11th. Finally, Morgan Stanley upped their price target on United Airlines from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $156.79.

Insider Activity

In related news, EVP Kate Gebo sold 34,669 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.41, for a total transaction of $3,654,459.29. Following the transaction, the executive vice president owned 67,707 shares in the company, valued at $7,136,994.87. This represents a 33.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Brett J. Hart sold 30,108 shares of United Airlines stock in a transaction that occurred 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 approximately $44,857,499.76. This trade represents a 7.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 306,010 shares of company stock valued at $35,949,843 over the last three months. Corporate insiders own 0.86% of the company's stock.

United Airlines Stock Down 2.7%

UAL stock opened at $129.12 on Friday. United Airlines Holdings Inc has a 1-year low of $84.64 and a 1-year high of $138.77. The business has a fifty day moving average price of $121.18 and a 200-day moving average price of $107.45. 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 capitalization of $41.91 billion, a P/E ratio of 12.08, a P/E/G ratio of 0.98 and a beta of 1.28.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 EPS for the quarter, beating the consensus estimate of $1.88 by $0.11. The company 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%.United Airlines's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $3.87 earnings per share. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Equities analysts forecast that United Airlines Holdings Inc will post 10.48 earnings per share for the current fiscal year.

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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL - Free Report).

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