United Airlines Holdings Inc $UAL Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP cut its position in United Airlines Holdings Inc (NASDAQ:UAL) by 74.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,575 shares of the transportation company’s stock after selling 143,867 shares during the period. Engineers Gate Manager LP’s holdings in United Airlines were worth $6,742,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Dunhill Financial LLC purchased a new position in United Airlines during the 2nd quarter worth approximately $25,000. Western Wealth Management LLC acquired a new stake in United Airlines during the 1st quarter valued at approximately $27,000. Elevation Wealth Partners LLC boosted its holdings in shares of United Airlines by 393.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 169 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of United Airlines in the 2nd quarter valued at $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of United Airlines in the third quarter worth $29,000. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

United Airlines Trading Up 3.1%

Shares of United Airlines stock opened at $109.82 on Friday. The firm has a market capitalization of $35.65 billion, a PE ratio of 10.27, a P/E/G ratio of 0.86 and a beta of 1.27. United Airlines Holdings Inc has a twelve month low of $84.64 and a twelve month high of $138.77. The firm’s 50-day moving average price is $118.95 and its 200 day moving average price is $108.37. 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 (NASDAQ:UAL) last announced 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. The company had revenue of $17.67 billion for the quarter, compared to analysts’ expectations of $17.62 billion. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. On average, sell-side analysts predict that United Airlines Holdings Inc will post 9.91 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UAL has been the subject of a number of recent research reports. BMO Capital Markets lifted their price objective on United Airlines from $130.00 to $157.50 and gave the company an “outperform” rating in a research note on Thursday, July 2nd. Barclays lowered their target price on United Airlines from $175.00 to $160.00 and set an “overweight” rating on the stock in a research note on Friday. Wells Fargo & Company raised their target price on United Airlines from $130.00 to $165.00 and gave the stock an “overweight” rating in a report on Tuesday, June 30th. Susquehanna reduced their price target on United Airlines from $172.00 to $165.00 and set a “positive” rating for the company in a research report on Friday, July 17th. Finally, TD Cowen decreased their price target on United Airlines from $205.00 to $192.00 and set a “buy” rating for the company in a report on Monday, August 24th. Sixteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.91.

Insider Activity

In other news, EVP Andrew Nocella sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were 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 in the company, valued at $25,149,735. This trade represents a 2.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Torbjorn Enqvist sold 20,000 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $119.91, for a total value of $2,398,200.00. Following the completion of the transaction, the executive vice president directly owned 114,800 shares in the company, valued at approximately $13,765,668. This trade represents a 14.84% decrease in their position. 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 271,010 shares of company stock valued at $32,317,909 in the last ninety days. 0.86% of the stock is currently owned by company insiders.

United Airlines Company Profile

United Airlines Holdings, Inc (NASDAQ: UAL) is the parent company of United Airlines, Inc, a major U.S. airline headquartered in Chicago, Illinois. United provides scheduled air transportation for passengers and cargo, serving destinations across the United States and connecting North America with international markets throughout Latin America, Europe, Asia, Africa and the Middle East.

The company operates a broad network through hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC Its services include economy, premium-economy and business-class travel, as well as air cargo transportation.