Ieq Capital LLC Invests $18.12 Million in United Airlines Holdings Inc $UAL

Ieq Capital LLC bought a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the second quarter, Holdings Channel reports. The institutional investor bought 133,249 shares of the transportation company’s stock, valued at approximately $18,121,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Bison Wealth LLC purchased a new stake in United Airlines during the fourth quarter valued at $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of United Airlines by 24.0% in 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 buying an additional 7,713 shares in the last quarter. Focus Partners Wealth grew its stake in shares of United Airlines by 92.7% in the 1st 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 increased its holdings in shares of United Airlines by 23.5% in the 2nd 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 during the last quarter. Finally, Cresset Asset Management LLC increased its holdings in shares of United Airlines by 73.5% in the 2nd quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company’s stock worth $749,000 after buying an additional 3,987 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other United Airlines news, President Brett J. Hart sold 30,108 shares of the business’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the completion of the transaction, the president owned 371,583 shares in the company, valued at $44,857,499.76. The trade was a 7.50% decrease in their ownership of the stock. 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 Kate Gebo sold 5,331 shares of the company’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 value of $562,473.81. Following the transaction, the executive vice president directly owned 60,393 shares in the company, valued at approximately $6,372,065.43. This represents a 8.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 306,010 shares of company stock worth $35,949,843 over the last three months. 0.86% of the stock is currently owned by company insiders.

United Airlines Trading Up 1.3%

Shares of UAL opened at $113.17 on Friday. United Airlines Holdings Inc has a twelve month low of $84.64 and a twelve month high of $138.77. The company has a market cap of $36.73 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.87 and a beta of 1.28. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. The company’s fifty day simple moving average is $124.00 and its 200-day simple moving average is $108.55.

United Airlines (NASDAQ:UAL) last released its earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $17.62 billion. During the same quarter last year, the business earned $3.87 EPS. The business’s revenue was up 16.4% on a year-over-year basis. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, analysts expect that United Airlines Holdings Inc will post 10.38 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on UAL. Citigroup increased their price target on shares of United Airlines from $132.00 to $171.00 and gave the company a “buy” rating in a report on Monday, June 22nd. Wells Fargo & Company lifted their price target on United Airlines from $130.00 to $165.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group boosted their price objective on United Airlines from $131.00 to $162.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. BMO Capital Markets upped their price objective on United Airlines from $130.00 to $157.50 and gave the company an “outperform” rating in a research report on Thursday, July 2nd. Finally, Barclays raised their price objective on United Airlines from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Sixteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.79.

About United Airlines

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.