7,030 Shares in United Airlines Holdings Inc $UAL Acquired by Great Lakes Advisors LLC

by · The Markets Daily

Great Lakes Advisors LLC bought a new stake in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 7,030 shares of the transportation company’s stock, valued at approximately $956,000.

Other large investors also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in United Airlines by 11.2% in the 1st quarter. Royal Bank of Canada now owns 418,647 shares of the transportation company’s stock valued at $38,544,000 after acquiring an additional 42,111 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of United Airlines in the fourth quarter valued at approximately $1,872,000. Phoenix Financial Ltd. boosted its stake in shares of United Airlines by 129.6% in the fourth quarter. Phoenix Financial Ltd. now owns 23,183 shares of the transportation company’s stock valued at $2,592,000 after purchasing an additional 13,085 shares during the period. Swedbank AB grew its holdings in shares of United Airlines by 47.0% in the fourth quarter. Swedbank AB now owns 127,807 shares of the transportation company’s stock valued at $14,291,000 after purchasing an additional 40,853 shares in the last quarter. Finally, Leonteq Securities AG purchased a new stake in United Airlines during the 4th quarter worth approximately $5,685,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Up 1.3%

NASDAQ UAL opened at $113.17 on Friday. United Airlines Holdings Inc has a 52 week low of $84.64 and a 52 week high of $138.77. The firm has a 50 day moving average of $124.00 and a two-hundred day moving average of $108.55. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $36.73 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28.

United Airlines (NASDAQ:UAL – Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.62 billion. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period last year, the business earned $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 10.38 EPS for the current fiscal year.

Insider Transactions at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $119.91, for a total value of $2,398,200.00. Following the sale, the executive vice president directly owned 114,800 shares in the company, valued at $13,765,668. This trade represents a 14.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, President Brett J. Hart sold 30,108 shares of United Airlines stock in a transaction dated 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 sale, the president directly owned 371,583 shares of the company’s stock, valued at $44,857,499.76. This trade represents a 7.50% 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 a total of 306,010 shares of company stock valued at $35,949,843 over the last ninety days. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UAL. Zacks Research upgraded shares of United Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Susquehanna dropped their price target on shares of United Airlines from $172.00 to $165.00 and set a “positive” rating for the company in a research note on Friday, July 17th. The Goldman Sachs Group upped their price objective on United Airlines from $131.00 to $162.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. Morgan Stanley increased their price objective on United Airlines from $185.00 to $190.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, BMO Capital Markets lifted their target price on United Airlines from $130.00 to $157.50 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.79.

Get Our Latest Report on United Airlines

United Airlines Company Profile

(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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