Engineers Gate Manager LP Reduces Position in United Airlines Holdings Inc $UAL

Engineers Gate Manager LP reduced its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 74.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 49,575 shares of the transportation company's stock after selling 143,867 shares during the quarter. Engineers Gate Manager LP's holdings in United Airlines were worth $6,742,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Root Financial Partners LLC lifted its holdings in United Airlines by 5.3% during the fourth quarter. Root Financial Partners LLC now owns 1,840 shares of the transportation company's stock valued at $206,000 after purchasing an additional 93 shares in the last quarter. AXA S.A. boosted its position in shares of United Airlines by 0.8% in the second quarter. AXA S.A. now owns 15,465 shares of the transportation company's stock worth $1,231,000 after purchasing an additional 121 shares during the period. SJS Investment Consulting Inc. increased its stake in shares of United Airlines by 17.0% in the first quarter. SJS Investment Consulting Inc. now owns 861 shares of the transportation company's stock worth $79,000 after purchasing an additional 125 shares in the last quarter. Fielder Capital Group LLC increased its stake in shares of United Airlines by 5.4% in the fourth quarter. Fielder Capital Group LLC now owns 2,473 shares of the transportation company's stock worth $276,000 after purchasing an additional 127 shares in the last quarter. Finally, Koshinski Asset Management Inc. raised its position in shares of United Airlines by 3.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 3,914 shares of the transportation company's stock valued at $360,000 after purchasing an additional 138 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently weighed in on UAL. Morgan Stanley lifted their target price on shares of United Airlines from $185.00 to $190.00 and gave the company an "overweight" rating in a research note on Thursday, July 16th. Wells Fargo & Company raised their price target on United Airlines from $130.00 to $165.00 and gave the company an "overweight" rating in a report on Tuesday, June 30th. Citigroup raised their price target on United Airlines from $132.00 to $171.00 and gave the company a "buy" rating in a report on Monday, June 22nd. Weiss Ratings restated a "hold (c+)" rating on shares of United Airlines in a research report on Friday, July 17th. Finally, TD Cowen dropped their price objective on United Airlines from $205.00 to $192.00 and set a "buy" rating for the company in a research note on Monday, August 24th. Sixteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $155.91.

United Airlines Trading Up 3.1%

Shares of NASDAQ UAL opened at $109.82 on Friday. The business's 50 day moving average is $118.95 and its two-hundred day moving average is $108.37. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.72. United Airlines Holdings Inc has a 1-year low of $84.64 and a 1-year high of $138.77. The stock has a market capitalization of $35.65 billion, a P/E ratio of 10.27, a PEG ratio of 0.86 and a beta of 1.27.

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, beating the consensus estimate of $1.88 by $0.11. The company had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.United Airlines's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, research analysts expect that United Airlines Holdings Inc will post 9.91 EPS for the current year.

Insider Activity at United Airlines

In related news, President Brett J. Hart sold 30,108 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total value of $3,634,637.76. Following the transaction, the president owned 371,583 shares of the company's stock, valued at $44,857,499.76. This represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew Nocella sold 5,000 shares of the stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total value of $585,000.00. Following the transaction, the executive vice president directly owned 214,955 shares in the company, valued at $25,149,735. The trade was a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 271,010 shares of company stock valued at $32,317,909 over the last 90 days. 0.86% of the stock is currently owned by insiders.

United Airlines Profile

United Airlines Holdings, Inc NASDAQ: UAL is the parent company of United Airlines, Inc, a major U.S. airline headquartered in Chicago, Illinois. United provides scheduled air transportation for passengers and cargo, serving destinations across the United States and connecting North America with international markets throughout Latin America, Europe, Asia, Africa and the Middle East.

The company operates a broad network through hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC Its services include economy, premium-economy and business-class travel, as well as air cargo transportation.

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