Connor Clark & Lunn Investment Management Ltd. purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 308,191 shares of the transportation company's stock, valued at approximately $41,911,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.09% of United Airlines as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. Bison Wealth LLC bought a new stake in United Airlines during the 4th quarter worth $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in United Airlines by 24.0% in the first 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 last quarter. Focus Partners Wealth raised its position in United Airlines by 92.7% in the first 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 boosted its stake in shares of United Airlines by 23.5% during the second 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 in the last quarter. Finally, Cresset Asset Management LLC boosted its stake in shares of United Airlines by 73.5% during the second quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company's stock valued at $749,000 after purchasing an additional 3,987 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
Analyst Ratings Changes
Several research firms have recently issued reports on UAL. Morgan Stanley upped their price objective on United Airlines from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. lifted their target price on shares of United Airlines from $156.00 to $203.00 and gave the stock an "overweight" rating in a research report on Friday, July 17th. Zacks Research raised shares of United Airlines from a "strong sell" rating to a "hold" rating in a report on Thursday, June 11th. TD Cowen decreased their price target on shares of United Airlines from $205.00 to $192.00 and set a "buy" rating for the company in a research report on Monday. Finally, Wall Street Zen downgraded shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $157.74.
Check Out Our Latest Stock Analysis on UAL
United Airlines Price Performance
Shares of UAL opened at $113.57 on Tuesday. The business has a 50-day moving average of $123.87 and a 200-day moving average of $108.57. 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 has a market capitalization of $36.86 billion, a price-to-earnings ratio of 10.62, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28. United Airlines Holdings Inc has a 1 year low of $84.64 and a 1 year high of $138.77.
United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 15th. The transportation company reported $1.99 EPS for the quarter, beating 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 business had revenue of $17.67 billion for the quarter, compared to analysts' expectations of $17.62 billion. During the same period in the prior year, the business posted $3.87 earnings per share. The firm's 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. As a group, equities research analysts anticipate that United Airlines Holdings Inc will post 10.38 earnings per share for the current year.
Insider Activity
In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company's stock in a transaction on Friday, July 24th. The shares were sold at an average price of $119.91, for a total value of $2,398,200.00. Following the sale, the executive vice president directly owned 114,800 shares of the company's stock, valued at approximately $13,765,668. This represents a 14.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO J Scott Kirby sold 159,321 shares of the stock in a transaction on Tuesday, July 21st. The stock was sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the sale, the chief executive officer owned 797,851 shares of the company's stock, valued at approximately $94,186,310.55. This trade represents a 16.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 266,010 shares of company stock valued at $31,732,909. Company insiders own 0.86% of the company's stock.
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.
See Also
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