Tidal Investments LLC Cuts Stake in United Airlines Holdings Inc $UAL

Tidal Investments LLC reduced its position in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 25.6% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,579 shares of the transportation company’s stock after selling 6,405 shares during the quarter. Tidal Investments LLC’s holdings in United Airlines were worth $2,527,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. IPG Investment Advisors LLC lifted its position in United Airlines by 14.7% in the 2nd quarter. IPG Investment Advisors LLC now owns 3,900 shares of the transportation company’s stock valued at $530,000 after acquiring an additional 500 shares in the last quarter. National Pension Service grew its stake in shares of United Airlines by 45.0% during the 2nd quarter. National Pension Service now owns 43,781 shares of the transportation company’s stock valued at $5,954,000 after purchasing an additional 13,585 shares during the period. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of United Airlines in the 2nd quarter worth approximately $233,000. NewEdge Advisors LLC boosted its holdings in shares of United Airlines by 5.4% in the second quarter. NewEdge Advisors LLC now owns 18,564 shares of the transportation company’s stock worth $2,524,000 after buying an additional 952 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of United Airlines by 5.8% in the second quarter. Arizona State Retirement System now owns 23,270 shares of the transportation company’s stock worth $3,164,000 after buying an additional 1,278 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Airlines

In related news, EVP Torbjorn Enqvist sold 20,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president owned 114,800 shares of the company’s stock, valued at $13,765,668. This trade represents a 14.84% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 the business’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the completion of the sale, the president directly owned 371,583 shares of the company’s stock, valued at approximately $44,857,499.76. This trade represents a 7.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 221,629 shares of company stock valued at $26,328,598. Company insiders own 0.86% of the company’s stock.

United Airlines Price Performance

UAL stock opened at $106.92 on Wednesday. The stock has a market cap of $34.70 billion, a PE ratio of 10.00, a P/E/G ratio of 0.88 and a beta of 1.27. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77. The company has a 50-day moving average price of $118.05 and a 200 day moving average price of $108.31. 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, beating the consensus estimate of $1.88 by $0.11. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The business had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.62 billion. During the same quarter in the previous year, the business earned $3.87 earnings per share. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Equities research analysts anticipate that United Airlines Holdings Inc will post 9.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. BMO Capital Markets upped their target price on shares of United Airlines from $130.00 to $157.50 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Jefferies Financial Group reiterated a “buy” rating and set a $155.00 price target on shares of United Airlines in a research note on Sunday, July 19th. TD Cowen cut their price objective 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, August 24th. Weiss Ratings restated a “hold (c+)” rating on shares of United Airlines in a research note on Friday, July 17th. Finally, The Goldman Sachs Group raised their target price on United Airlines from $131.00 to $162.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $155.91.

United Airlines 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.