Connor Clark & Lunn Investment Management Ltd. Invests $41.91 Million in United Airlines Holdings Inc $UAL

Connor Clark & Lunn Investment Management Ltd. acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 308,191 shares of the transportation company’s stock, valued at approximately $41,911,000.

A number of other large investors have also bought and sold shares of the stock. Legacy Wealth Managment LLC ID acquired a new position in shares of United Airlines during the fourth quarter valued at about $25,000. Dunhill Financial LLC bought a new position in United Airlines in the second quarter worth approximately $25,000. Western Wealth Management LLC acquired a new stake in United Airlines in the first quarter valued at approximately $27,000. Elevation Wealth Partners LLC grew its stake in United Airlines by 393.0% in the second 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 period. Finally, Trust Co. of Vermont bought a new stake in shares of United Airlines during the second quarter valued at approximately $29,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other United Airlines news, CEO J Scott Kirby sold 159,321 shares of United Airlines stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the transaction, the chief executive officer owned 797,851 shares of the company’s stock, valued at $94,186,310.55. This trade represents a 16.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 114,800 shares of the company’s stock, valued at $13,765,668. The trade was a 14.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 266,010 shares of company stock worth $31,732,909 in the last quarter. 0.86% of the stock is owned by corporate insiders.

United Airlines Price Performance

UAL opened at $113.57 on Tuesday. United Airlines Holdings Inc has a 1 year low of $84.64 and a 1 year high of $138.77. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.72. The company has a market capitalization of $36.86 billion, a price-to-earnings ratio of 10.62, a P/E/G ratio of 0.87 and a beta of 1.28. The firm’s fifty day moving average price is $123.87 and its two-hundred day moving average price is $108.57.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results 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. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The company had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.62 billion. During the same period last year, the firm earned $3.87 earnings per share. The firm’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 anticipate that United Airlines Holdings Inc will post 10.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Citigroup increased their target price on United Airlines from $132.00 to $171.00 and gave the stock a “buy” rating in a report on Monday, June 22nd. UBS Group raised their price objective on shares of United Airlines from $148.00 to $153.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company lifted their price objective on shares of United Airlines from $130.00 to $165.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. TD Cowen decreased their target price on shares of United Airlines from $205.00 to $192.00 and set a “buy” rating for the company in a research report on Monday. Finally, BMO Capital Markets upped their target price on shares of United Airlines from $130.00 to $157.50 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Sixteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.74.

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.