Brigade Capital Management LP Makes New $7.32 Million Investment in United Airlines Holdings Inc $UAL

Brigade Capital Management LP acquired a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 53,850 shares of the transportation company's stock, valued at approximately $7,323,000. United Airlines accounts for about 1.4% of Brigade Capital Management LP's portfolio, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors have also recently modified their holdings of UAL. State Street Corp increased its stake 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 worth $1,287,071,000 after purchasing an additional 52,962 shares in the last quarter. Geode Capital Management LLC raised its position in shares of United Airlines by 0.8% during 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 purchasing an additional 68,565 shares during the period. Capital World Investors lifted its stake 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 buying an additional 22,464 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in United Airlines by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company's stock worth $521,330,000 after buying an additional 190,017 shares during the period. Finally, Par Capital Management Inc. boosted its holdings 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 worth $547,342,000 after buying an additional 75,000 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, President Brett J. Hart sold 30,108 shares of the 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 sale, the president owned 371,583 shares in the company, valued at approximately $44,857,499.76. This represents a 7.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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 firm's 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 completion of the sale, the executive vice president owned 114,800 shares of the company's stock, valued at approximately $13,765,668. This 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. In the last quarter, insiders sold 266,010 shares of company stock worth $31,732,909. 0.86% of the stock is owned by company insiders.

United Airlines Stock Up 0.4%

Shares of NASDAQ:UAL opened at $113.57 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77. The company has a 50-day moving average price of $123.87 and a 200 day moving average price of $108.57. The company has a market cap of $36.86 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 0.87 and a beta of 1.28.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data 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. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The company had revenue of $17.67 billion for the quarter, compared to analysts' expectations of $17.62 billion. During the same period in the previous year, the firm posted $3.87 earnings per share. The firm's revenue for the quarter was up 16.4% on a year-over-year basis. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, equities research analysts predict that United Airlines Holdings Inc will post 10.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Barclays raised their price target on United Airlines from $150.00 to $175.00 and gave the company an "overweight" rating in a report on Thursday, June 25th. BMO Capital Markets upped their price objective on United Airlines from $130.00 to $157.50 and gave the stock an "outperform" rating in a research note on Thursday, July 2nd. Wells Fargo & Company lifted their target price on United Airlines from $130.00 to $165.00 and gave the company an "overweight" rating in a research note on Tuesday, June 30th. Jefferies Financial Group reissued a "buy" rating and issued a $155.00 price target on shares of United Airlines in a report on Sunday, July 19th. Finally, The Goldman Sachs Group upped their price target on United Airlines from $131.00 to $162.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Sixteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, United Airlines has a consensus rating of "Moderate Buy" and a consensus price target of $157.74.

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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