CI Investments Inc. Acquires 21,376 Shares of United Airlines Holdings Inc $UAL

CI Investments Inc. boosted its holdings in United Airlines Holdings Inc (NASDAQ:UAL) by 1,140.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,250 shares of the transportation company’s stock after acquiring an additional 21,376 shares during the quarter. CI Investments Inc.’s holdings in United Airlines were worth $2,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of UAL. Legacy Wealth Managment LLC ID purchased a new position in shares of United Airlines in the 4th quarter worth approximately $25,000. JPL Wealth Management LLC bought a new stake in United Airlines in the 3rd quarter worth $29,000. Cache Advisors LLC bought a new position in shares of United Airlines during the first quarter valued at approximately $33,000. BOCHK Asset Management Ltd bought a new position in United Airlines in the fourth quarter worth about $34,000. Finally, Motiv8 Investments LLC purchased a new position in United Airlines during the 4th quarter valued at about $35,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Stock Up 2.5%

Shares of NASDAQ UAL opened at $118.27 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market capitalization of $38.39 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.85 and a beta of 1.25. The stock has a 50 day moving average price of $116.80 and a 200 day moving average price of $106.84. United Airlines Holdings Inc has a 52-week low of $82.42 and a 52-week high of $138.77.

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, beating 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 firm’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the firm earned $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Sell-side analysts expect that United Airlines Holdings Inc will post 10.48 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on UAL shares. Morgan Stanley increased their price objective on shares of United Airlines from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. increased their price target on United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a report on Friday, July 17th. TD Cowen lifted their price objective on United Airlines from $150.00 to $176.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. The Goldman Sachs Group upped their price objective on United Airlines from $131.00 to $162.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Finally, Wells Fargo & Company increased their target price on United Airlines from $130.00 to $165.00 and gave the company an “overweight” rating in a report on Tuesday, June 30th. Sixteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, United Airlines presently has an average rating of “Moderate Buy” and an average target price of $156.79.

Insider Buying and Selling at United Airlines

In other United Airlines news, CEO J Scott Kirby sold 1,078 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $120.74, for a total value of $130,157.72. Following the completion of the transaction, the chief executive officer owned 797,851 shares of the company’s stock, valued at $96,332,529.74. This trade represents a 0.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew P. Nocella sold 7,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $90.19, for a total transaction of $631,330.00. Following the completion of the transaction, the executive vice president owned 215,345 shares in the company, valued at $19,421,965.55. This represents a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 96,381 shares of company stock worth $10,837,575 over the last three months. Insiders own 0.86% of the company’s stock.

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.