Bank of Nova Scotia Invests $4.02 Million in United Airlines Holdings Inc $UAL

Bank of Nova Scotia acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 29,593 shares of the transportation company's stock, valued at approximately $4,024,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. State Street Corp raised its holdings in shares of United Airlines by 0.5% in the fourth quarter. State Street Corp now owns 11,510,200 shares of the transportation company's stock valued at $1,287,071,000 after purchasing an additional 52,962 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 grew its position in 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 purchasing an additional 22,464 shares in the last quarter. Dimensional Fund Advisors LP grew its position in 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 purchasing an additional 190,017 shares in the last quarter. Finally, Par Capital Management Inc. increased its stake in United Airlines by 1.6% in the 4th 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. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. The Goldman Sachs Group boosted their price target on shares of United Airlines from $131.00 to $162.00 and gave the stock a "buy" rating in a research report on Thursday, July 2nd. UBS Group lifted their target price on United Airlines from $148.00 to $153.00 and gave the company a "buy" rating in a research report on Tuesday, June 23rd. Susquehanna dropped their target price on United Airlines from $172.00 to $165.00 and set a "positive" rating on the stock in a report on Friday, July 17th. Barclays increased their price target on United Airlines from $150.00 to $175.00 and gave the company an "overweight" rating in a research report on Thursday, June 25th. Finally, Bank of America raised their price target on United Airlines from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $157.74.

United Airlines Stock Up 3.4%

United Airlines stock opened at $117.41 on Wednesday. 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 company's 50-day moving average is $123.85 and its 200-day moving average is $108.63. The firm has a market capitalization of $38.11 billion, a PE ratio of 10.98, a P/E/G ratio of 0.87 and a beta of 1.28. 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 EPS for the quarter, topping analysts' consensus estimates of $1.88 by $0.11. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The business had revenue of $17.67 billion during the quarter, compared to analysts' expectations of $17.62 billion. During the same quarter last year, the company posted $3.87 earnings per share. United Airlines's quarterly revenue was up 16.4% on a year-over-year basis. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Sell-side analysts anticipate that United Airlines Holdings Inc will post 10.38 earnings per share for the current year.

Insiders Place Their Bets

In other United Airlines news, EVP Andrew P. Nocella sold 3,000 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $132.30, for a total transaction of $396,900.00. Following the completion of the sale, the executive vice president owned 219,955 shares of the company's stock, valued at $29,100,046.50. This trade represents a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction on Friday, July 24th. The stock was sold at an average price of $119.91, for a total transaction of $2,398,200.00. Following the transaction, the executive vice president directly owned 114,800 shares of the company's stock, valued at approximately $13,765,668. This trade represents a 14.84% decrease in their ownership of the stock. 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 266,010 shares of company stock worth $31,732,909 in the last quarter. Insiders own 0.86% of the company's stock.

Key Headlines Impacting United Airlines

Here are the key news stories impacting United Airlines this week:

• Positive Sentiment: United will add 10 international destinations and three new routes across Europe and Asia to its 2027 schedule, including locations such as Marseille, Sardinia, Luxembourg, Ibiza and Okinawa. The expansion could increase revenue opportunities and strengthen United’s premium international travel business. United Airlines adds 2027 flights spanning Sardinia to Okinawa
• Positive Sentiment: The carrier expects sufficient deliveries of Airbus A321XLR aircraft to support its 2027 European expansion. These long-range narrow-body jets can allow United to profitably operate routes to smaller cities without relying on larger wide-body aircraft. United Airlines expects enough Airbus A321XLR deliveries for 2027 Europe expansion
• Positive Sentiment: CEO Scott Kirby said demand for overseas travel remains strong and discussed the company’s ability to offset higher oil prices. Continued robust international demand supports United’s revenue and earnings outlook. United Airlines CEO on Expansion Plans, Airfares, Demand
• Neutral Sentiment: TD Cowen lowered its price target for United from $205 to $192 but retained a Buy rating. The reduced target may reflect valuation or industry risks, although the rating still signals a favorable long-term view. TD Cowen price target update
• Neutral Sentiment: Reported short interest was zero shares, providing no meaningful evidence of short-covering or bearish positioning. The figure may reflect a data-reporting issue rather than a substantive change in investor sentiment.

United Airlines 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.

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