Great Lakes Advisors LLC acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,837 shares of the transportation company's stock, valued at approximately $398,000.
Other large investors have also made changes to their positions in the company. Bison Wealth LLC purchased a new position in United Airlines in the 4th quarter valued at about $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of United Airlines by 24.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company's stock worth $2,753,000 after purchasing an additional 7,713 shares during the last quarter. Focus Partners Wealth grew its holdings in shares of United Airlines by 92.7% during the first quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company's stock worth $853,000 after buying an additional 5,939 shares in the last quarter. First Trust Advisors LP grew its holdings 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 worth $23,298,000 after buying an additional 55,728 shares in the last quarter. Finally, Cresset Asset Management LLC raised its position in shares of United Airlines by 73.5% in the second quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company's stock valued at $749,000 after buying an additional 3,987 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.
Analyst Ratings Changes
Several equities analysts recently issued reports on UAL shares. Wells Fargo & Company upped their price objective on shares of United Airlines from $130.00 to $165.00 and gave the company an "overweight" rating in a research note on Tuesday, June 30th. Wall Street Zen cut shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Morgan Stanley boosted their price target on United Airlines from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Jefferies Financial Group reissued a "buy" rating and set a $155.00 price target on shares of United Airlines in a research note on Sunday, July 19th. Finally, The Goldman Sachs Group raised their price objective on United Airlines from $131.00 to $162.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd. Sixteen investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $156.79.
Get Our Latest Analysis on UAL
United Airlines Stock Performance
Shares of UAL stock opened at $113.17 on Monday. The firm's 50-day simple moving average is $124.00 and its 200-day simple moving average is $108.55. 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 firm has a market cap of $36.73 billion, a P/E ratio of 10.59, a PEG ratio of 0.87 and a beta of 1.28.
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 (EPS) 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 previous year, the firm earned $3.87 earnings per share. United Airlines'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 10.38 EPS for the current year.
Insider Buying and Selling
In other news, President Brett J. Hart sold 30,108 shares of the business's stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the completion of the sale, the president directly owned 371,583 shares of the company's stock, valued at $44,857,499.76. The trade was a 7.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew P. Nocella sold 4,200 shares of the company's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $120.48, for a total value of $506,016.00. Following the sale, the executive vice president owned 222,955 shares of the company's stock, valued at approximately $26,861,618.40. The trade was a 1.85% 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 worth $35,949,843 over the last 90 days. 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.
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