Focus Partners Advisor Solutions LLC purchased a new stake in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund purchased 17,423 shares of the transportation company’s stock, valued at approximately $2,369,000.
A number of other institutional investors also recently modified their holdings of UAL. Elevation Wealth Partners LLC lifted its position in shares of United Airlines by 393.0% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock worth $29,000 after acquiring an additional 169 shares in the last quarter. Legacy Wealth Managment LLC ID bought a new position in shares of United Airlines in the fourth quarter worth $25,000. JPL Wealth Management LLC purchased a new position in shares of United Airlines in the third quarter valued at $29,000. Western Wealth Management LLC purchased a new position in shares of United Airlines in the first quarter valued at $27,000. Finally, Motiv8 Investments LLC bought a new stake in shares of United Airlines during the 4th quarter valued at $35,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. BMO Capital Markets increased their price objective on United Airlines from $130.00 to $157.50 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. JPMorgan Chase & Co. lifted their target price on United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Wall Street Zen cut United Airlines from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Wells Fargo & Company increased their price target on shares of United Airlines from $130.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Finally, Morgan Stanley raised their price objective on shares of United Airlines from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Sixteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, United Airlines currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.79.
Insider Activity
In related news, CEO J Scott Kirby sold 159,321 shares of the company’s stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $118.05, for a total value of $18,807,844.05. Following the transaction, the chief executive officer directly owned 797,851 shares in the company, valued at approximately $94,186,310.55. This represents a 16.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kate Gebo sold 5,331 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $105.51, for a total transaction of $562,473.81. Following the completion of the sale, the executive vice president directly owned 60,393 shares in the company, valued at $6,372,065.43. This represents a 8.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 306,010 shares of company stock worth $35,949,843. Company insiders own 0.86% of the company’s stock.
United Airlines Trading Down 0.8%
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. United Airlines Holdings Inc has a 52-week low of $84.64 and a 52-week high of $138.77. The company has a market capitalization of $40.68 billion, a PE ratio of 11.72, a price-to-earnings-growth ratio of 0.93 and a beta of 1.28. The business’s fifty day moving average is $123.28 and its 200 day moving average is $108.14.
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 the consensus estimate of $1.88 by $0.11. The business had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.87 earnings per share. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. On average, equities research analysts anticipate that United Airlines Holdings Inc will post 10.48 EPS for the current fiscal year.
United Airlines Profile
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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