Kendall Capital Management Invests $752,000 in United Airlines Holdings Inc $UAL

Kendall Capital Management acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,530 shares of the transportation company’s stock, valued at approximately $752,000.

Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada grew its stake in shares of United Airlines by 11.2% in the 1st quarter. Royal Bank of Canada now owns 418,647 shares of the transportation company’s stock valued at $38,544,000 after buying an additional 42,111 shares during the period. Phoenix Financial Ltd. raised its stake in United Airlines by 129.6% during the 4th quarter. Phoenix Financial Ltd. now owns 23,183 shares of the transportation company’s stock worth $2,592,000 after buying an additional 13,085 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in United Airlines during the 4th quarter worth approximately $1,872,000. Swedbank AB boosted its holdings in United Airlines by 47.0% in the fourth quarter. Swedbank AB now owns 127,807 shares of the transportation company’s stock worth $14,291,000 after acquiring an additional 40,853 shares in the last quarter. Finally, Leonteq Securities AG bought a new position in United Airlines in the fourth quarter worth approximately $5,685,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Price Performance

UAL stock opened at $113.17 on Friday. The company has a market capitalization of $36.73 billion, a P/E ratio of 10.59, a price-to-earnings-growth ratio of 0.87 and a beta of 1.28. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. United Airlines Holdings Inc has a 52-week low of $84.64 and a 52-week high of $138.77. The business has a 50-day simple moving average of $124.00 and a two-hundred day simple moving average of $108.55.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.11. The firm had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company posted $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Research analysts expect that United Airlines Holdings Inc will post 10.38 EPS for the current fiscal year.

Insider Activity at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $119.91, for a total transaction of $2,398,200.00. Following the completion of the sale, the executive vice president owned 114,800 shares in the company, valued at approximately $13,765,668. This represents a 14.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Kate Gebo sold 34,669 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $105.41, for a total value of $3,654,459.29. Following the completion of the sale, the executive vice president directly owned 67,707 shares of the company’s stock, valued at $7,136,994.87. The trade was a 33.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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.

Analysts Set New Price Targets

UAL has been the subject of several recent research reports. Bank of America boosted their price objective on United Airlines from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Jefferies Financial Group reiterated a “buy” rating and issued a $155.00 target price on shares of United Airlines in a report on Sunday, July 19th. TD Cowen lifted their price target on shares of United Airlines from $150.00 to $176.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. Wells Fargo & Company boosted their price target on shares of United Airlines from $130.00 to $165.00 and gave the company an “overweight” rating in a research note on Tuesday, June 30th. Finally, BMO Capital Markets upped their price objective 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 investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.79.

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.