Focus Partners Advisor Solutions LLC bought a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 17,423 shares of the transportation company's stock, valued at approximately $2,369,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank acquired a new position in United Airlines during the 4th quarter valued at about $234,244,000. Holocene Advisors LP purchased a new stake in shares of United Airlines in the second quarter worth approximately $84,753,000. AQR Capital Management LLC raised its stake in shares of United Airlines by 56.8% in the fourth quarter. AQR Capital Management LLC now owns 2,928,657 shares of the transportation company's stock worth $325,549,000 after purchasing an additional 1,060,371 shares during the last quarter. Nuveen LLC lifted its holdings in shares of United Airlines by 90.5% in the fourth quarter. Nuveen LLC now owns 1,528,242 shares of the transportation company's stock valued at $170,888,000 after purchasing an additional 726,022 shares in the last quarter. Finally, Freestone Grove Partners LP lifted its holdings in shares of United Airlines by 1,282.2% in the third quarter. Freestone Grove Partners LP now owns 776,783 shares of the transportation company's stock valued at $74,960,000 after purchasing an additional 720,583 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
Insiders Place Their Bets
In other United Airlines news, 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 completion of the transaction, the chief executive officer directly owned 797,851 shares of the company's stock, valued at approximately $94,186,310.55. This represents a 16.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the 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 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 disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 306,010 shares of company stock valued at $35,949,843 in the last quarter. 0.86% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on UAL. Susquehanna cut their target price on United Airlines from $172.00 to $165.00 and set a "positive" rating on the stock in a research report on Friday, July 17th. BMO Capital Markets raised their price objective on United Airlines from $130.00 to $157.50 and gave the company an "outperform" rating in a research note on Thursday, July 2nd. Sanford C. Bernstein raised their price objective on United Airlines from $136.00 to $153.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. The Goldman Sachs Group lifted their price objective on shares of United Airlines from $131.00 to $162.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd. Finally, Wells Fargo & Company upped their target price on shares of United Airlines from $130.00 to $165.00 and gave the stock an "overweight" rating in a research note on Tuesday, June 30th. 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 MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $156.79.
Read Our Latest Stock Analysis on United Airlines
United Airlines Stock Performance
Shares of UAL stock opened at $125.34 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market cap of $40.68 billion, a price-to-earnings ratio of 11.72, a P/E/G ratio of 0.93 and a beta of 1.28. United Airlines Holdings Inc has a 52 week low of $84.64 and a 52 week high of $138.77. The firm's 50-day simple moving average is $123.28 and its two-hundred day simple moving average is $108.14.
United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.11. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The firm had revenue of $17.67 billion during the quarter, compared to the consensus estimate of $17.62 billion. During the same period in the prior year, the firm earned $3.87 EPS. The company's revenue was up 16.4% compared to the same quarter last year. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, equities analysts forecast that United Airlines Holdings Inc will post 10.48 earnings per share for the current year.
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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