Bornite Capital Management LP Makes New $27.96 Million Investment in United Airlines Holdings Inc $UAL

Bornite Capital Management LP acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 250,000 shares of the transportation company’s stock, valued at approximately $27,955,000. United Airlines makes up approximately 2.7% of Bornite Capital Management LP’s investment portfolio, making the stock its 15th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UAL. CWM LLC increased its holdings in shares of United Airlines by 61.0% in the 4th quarter. CWM LLC now owns 84,286 shares of the transportation company’s stock valued at $9,425,000 after acquiring an additional 31,921 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of United Airlines by 6.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 909,263 shares of the transportation company’s stock valued at $87,804,000 after acquiring an additional 53,541 shares during the period. GSA Capital Partners LLP increased its holdings in shares of United Airlines by 830.7% in the 3rd quarter. GSA Capital Partners LLP now owns 36,679 shares of the transportation company’s stock valued at $3,540,000 after acquiring an additional 32,738 shares during the period. Holocene Advisors LP increased its holdings in shares of United Airlines by 40.1% in the 3rd quarter. Holocene Advisors LP now owns 1,491,352 shares of the transportation company’s stock valued at $143,915,000 after acquiring an additional 427,012 shares during the period. Finally, Elo Mutual Pension Insurance Co acquired a new position in shares of United Airlines in the 3rd quarter valued at $1,321,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UAL. Wall Street Zen raised shares of United Airlines from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. BMO Capital Markets lifted their target price on shares of United Airlines from $110.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. TD Cowen raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 18th. Morgan Stanley lifted their target price on shares of United Airlines from $150.00 to $182.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of United Airlines in a report on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $134.59.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Kate Gebo sold 5,331 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $105.51, for a total transaction of $562,473.81. Following the sale, the executive vice president directly owned 60,393 shares in the company, valued at approximately $6,372,065.43. The trade was a 8.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew P. Nocella sold 7,000 shares of the business’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $90.19, for a total transaction of $631,330.00. Following the sale, the executive vice president owned 215,345 shares in the company, valued at $19,421,965.55. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 47,000 shares of company stock worth $4,848,263 over the last 90 days. Insiders own 0.86% of the company’s stock.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $115.52 on Friday. The firm has a market capitalization of $37.49 billion, a P/E ratio of 10.31, a PEG ratio of 0.96 and a beta of 1.27. United Airlines Holdings Inc has a one year low of $71.55 and a one year high of $119.21. The company’s fifty day moving average is $99.03 and its two-hundred day moving average is $103.46. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.64 and a current ratio of 0.70.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, April 21st. The transportation company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.08 by $0.11. The company had revenue of $14.61 billion for the quarter, compared to analyst estimates of $14.19 billion. United Airlines had a net margin of 6.06% and a return on equity of 24.33%. The business’s revenue was up 10.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.91 EPS. United Airlines has set its FY 2026 guidance at 7.000-11.000 EPS and its Q2 2026 guidance at 1.000-2.000 EPS. Analysts forecast that United Airlines Holdings Inc will post 9.63 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.