UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 18.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 959,281 shares of the transportation company's stock after purchasing an additional 146,328 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.30% of United Airlines worth $130,453,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bison Wealth LLC bought a new position in shares of United Airlines in the 4th quarter worth about $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 valued at $2,753,000 after acquiring an additional 7,713 shares during the period. Focus Partners Wealth boosted its stake in 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 acquiring an additional 5,939 shares in the last quarter. First Trust Advisors LP grew its holdings in United Airlines by 23.5% in the second quarter. First Trust Advisors LP now owns 292,580 shares of the transportation company's stock worth $23,298,000 after purchasing an additional 55,728 shares during the period. Finally, Cresset Asset Management LLC increased 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. Hedge funds and other institutional investors own 69.69% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on UAL. Bank of America lifted their target price on shares of United Airlines from $145.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, July 1st. Wall Street Zen lowered United Airlines from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. UBS Group increased their target price on United Airlines from $148.00 to $153.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Weiss Ratings restated a "hold (c+)" rating on shares of United Airlines in a report on Friday, July 17th. Finally, Barclays lifted their price target on United Airlines from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $157.74.
Check Out Our Latest Research Report on United Airlines
United Airlines Stock Performance
UAL stock opened at $104.63 on Wednesday. The stock's 50 day simple moving average is $123.00 and its 200 day simple moving average is $108.50. 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 stock has a market capitalization of $33.96 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 0.87 and a beta of 1.27.
United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Wednesday, July 15th. The transportation company reported $1.99 EPS for the quarter, topping analysts' consensus estimates of $1.88 by $0.11. The business had revenue of $17.67 billion during 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%.The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, research analysts forecast that United Airlines Holdings Inc will post 9.91 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $119.91, for a total transaction of $2,398,200.00. Following the sale, the executive vice president owned 114,800 shares of the company's stock, valued at $13,765,668. This trade represents a 14.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew P. Nocella sold 5,000 shares of United Airlines stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total transaction of $585,000.00. Following the completion of the sale, the executive vice president owned 214,955 shares of the company's stock, valued at $25,149,735. This represents a 2.27% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 271,010 shares of company stock valued at $32,317,909 over the last quarter. Corporate 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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