Bank of Nova Scotia Acquires 108,773 Shares of United Airlines Holdings Inc $UAL

Bank of Nova Scotia lifted its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 378.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 137,494 shares of the transportation company’s stock after buying an additional 108,773 shares during the period. Bank of Nova Scotia’s holdings in United Airlines were worth $10,949,000 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. WPG Advisers LLC bought a new stake in shares of United Airlines in the first quarter worth approximately $32,000. Banque Transatlantique SA purchased a new stake in United Airlines in the first quarter worth approximately $35,000. Strategic Investment Solutions Inc. IL grew its position in United Airlines by 44.0% in the 2nd quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company’s stock worth $46,000 after purchasing an additional 177 shares during the period. Hantz Financial Services Inc. raised its stake in United Airlines by 15,100.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 608 shares of the transportation company’s stock valued at $48,000 after buying an additional 604 shares during the last quarter. Finally, Evermay Wealth Management LLC lifted its holdings in shares of United Airlines by 454.5% during the 2nd quarter. Evermay Wealth Management LLC now owns 610 shares of the transportation company’s stock valued at $49,000 after buying an additional 500 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $107.74 on Thursday. The stock has a market cap of $34.88 billion, a PE ratio of 10.80, a price-to-earnings-growth ratio of 1.00 and a beta of 1.30. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year high of $116.00. The firm has a fifty day moving average price of $98.21 and a 200-day moving average price of $93.59. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.67 and a quick ratio of 0.61.

United Airlines (NASDAQ:UAL) last issued its earnings results on Wednesday, October 15th. The transportation company reported $2.78 earnings per share for the quarter, topping the consensus estimate of $2.65 by $0.13. United Airlines had a net margin of 5.64% and a return on equity of 26.94%. The company had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in the prior year, the firm posted $3.33 EPS. United Airlines’s quarterly revenue was up 2.6% compared to the same quarter last year. United Airlines has set its Q4 2025 guidance at 3.000-3.500 EPS. Equities analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling at United Airlines

In related news, CEO J Scott Kirby sold 120,000 shares of the stock in a transaction dated Wednesday, December 3rd. The stock was sold at an average price of $107.86, for a total transaction of $12,943,200.00. Following the completion of the sale, the chief executive officer owned 666,535 shares in the company, valued at approximately $71,892,465.10. This trade represents a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of research reports. UBS Group reduced their price objective on United Airlines from $131.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Cowen reaffirmed a “buy” rating on shares of United Airlines in a research report on Monday, October 20th. TD Cowen increased their price objective on shares of United Airlines from $127.00 to $138.00 and gave the stock a “buy” rating in a research note on Monday, October 20th. Evercore ISI boosted their target price on shares of United Airlines from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of United Airlines from $149.00 to $156.00 and gave the company an “overweight” rating in a report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $126.07.

United Airlines Profile

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.