Patient Capital Management LLC Buys New Holdings in United Airlines Holdings Inc $UAL

Patient Capital Management LLC bought a new position in United Airlines Holdings Inc (NASDAQ:UAL) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 731,523 shares of the transportation company’s stock, valued at approximately $99,480,000. United Airlines accounts for 3.3% of Patient Capital Management LLC’s investment portfolio, making the stock its 14th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. State Street Corp increased its holdings in United Airlines by 0.5% in the 4th quarter. State Street Corp now owns 11,510,200 shares of the transportation company’s stock valued at $1,287,071,000 after buying an additional 52,962 shares during the period. Geode Capital Management LLC raised its stake in shares of United Airlines by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 9,012,731 shares of the transportation company’s stock valued at $1,015,218,000 after buying an additional 68,565 shares in the last quarter. Capital World Investors lifted its holdings in shares of United Airlines by 0.3% during the 4th quarter. Capital World Investors now owns 7,265,530 shares of the transportation company’s stock worth $812,428,000 after acquiring an additional 22,464 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of United Airlines by 3.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company’s stock worth $521,330,000 after acquiring an additional 190,017 shares during the period. Finally, Par Capital Management Inc. boosted its position in shares of United Airlines by 1.6% during the 4th quarter. Par Capital Management Inc. now owns 4,894,850 shares of the transportation company’s stock valued at $547,342,000 after acquiring an additional 75,000 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insiders Place Their Bets

In related news, 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 completion of the sale, the president directly owned 371,583 shares in the company, valued at $44,857,499.76. This trade represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew P. Nocella sold 4,200 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $120.48, for a total value of $506,016.00. Following the sale, the executive vice president directly owned 222,955 shares of the company’s stock, valued at $26,861,618.40. This represents a 1.85% 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 have sold 306,010 shares of company stock valued at $35,949,843 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. 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 report on Friday, July 17th. JPMorgan Chase & Co. lifted their price objective on United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a report on Friday, July 17th. BMO Capital Markets increased their target price on United Airlines from $130.00 to $157.50 and gave the stock an “outperform” rating in a report on Thursday, July 2nd. Jefferies Financial Group restated a “buy” rating and set a $155.00 target price on shares of United Airlines in a research report on Sunday, July 19th. Finally, TD Cowen boosted their price target on United Airlines from $150.00 to $176.00 and gave the company a “buy” rating in a research note 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.79.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $113.17 on Monday. United Airlines Holdings Inc has a 12 month low of $84.64 and a 12 month high of $138.77. The company’s 50-day moving average price is $124.00 and its two-hundred day moving average price is $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 firm 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.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data 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 firm had revenue of $17.67 billion for the quarter, compared to the consensus estimate of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior 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 forecast that United Airlines Holdings Inc will post 10.38 EPS for the current fiscal year.

United Airlines Profile

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.