Black Cypress Capital Management LLC bought a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 62,184 shares of the transportation company's stock, valued at approximately $8,456,000. United Airlines makes up 5.7% of Black Cypress Capital Management LLC's holdings, making the stock its 8th biggest position.
Other institutional investors have also added to or reduced their stakes in the company. Bison Wealth LLC bought a new position in shares of United Airlines in the 4th quarter valued at about $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of United Airlines by 24.0% in 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 purchasing an additional 7,713 shares during the period. Focus Partners Wealth lifted its stake in United Airlines by 92.7% in the 1st quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company's stock valued at $853,000 after purchasing an additional 5,939 shares during the last quarter. First Trust Advisors LP lifted its stake in United Airlines by 23.5% in the 2nd quarter. First Trust Advisors LP now owns 292,580 shares of the transportation company's stock valued at $23,298,000 after purchasing an additional 55,728 shares during the last quarter. Finally, Cresset Asset Management LLC grew its holdings in United Airlines by 73.5% during the second quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company's stock worth $749,000 after purchasing an additional 3,987 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.
United Airlines Price Performance
United Airlines stock opened at $118.72 on Wednesday. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77. The stock's 50 day moving average is $123.80 and its 200-day moving average is $108.36. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $38.53 billion, a price-to-earnings ratio of 11.11, a PEG ratio of 0.93 and a beta of 1.28.
United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.11. The business had revenue of $17.67 billion during 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 firm's revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period last year, the firm posted $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Equities research analysts expect that United Airlines Holdings Inc will post 10.48 EPS for the current year.
Insider Activity
In related news, EVP Andrew P. Nocella sold 4,200 shares of the company's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $120.48, for a total value of $506,016.00. Following the transaction, the executive vice president directly owned 222,955 shares in the company, valued at approximately $26,861,618.40. This represents a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kate Gebo sold 34,669 shares of United Airlines stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $105.41, for a total transaction of $3,654,459.29. Following the completion of the sale, the executive vice president owned 67,707 shares of the company's stock, valued at $7,136,994.87. This trade represents a 33.86% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 306,010 shares of company stock worth $35,949,843. Corporate insiders own 0.86% of the company's stock.
Wall Street Analysts Forecast Growth
UAL has been the topic of several research analyst reports. Barclays upped their price objective on United Airlines from $150.00 to $175.00 and gave the company an "overweight" rating in a research note on Thursday, June 25th. UBS Group lifted their target price on United Airlines from $148.00 to $153.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Morgan Stanley boosted their target price on United Airlines from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Sanford C. Bernstein increased their price target on United Airlines from $136.00 to $153.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. 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 report on Wednesday, July 1st. Sixteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $156.79.
Check Out Our Latest Report on UAL
About United Airlines
(
Free Report)
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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