Summit Global Investments Takes Position in United Airlines Holdings Inc $UAL

Summit Global Investments purchased a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,007 shares of the transportation company’s stock, valued at approximately $645,000.

Several other hedge funds have also recently modified their holdings of UAL. Meeder Asset Management Inc. grew its position in United Airlines by 4.0% in the 1st quarter. Meeder Asset Management Inc. now owns 117,912 shares of the transportation company’s stock valued at $10,856,000 after buying an additional 4,589 shares during the last quarter. Meeder Advisory Services Inc. raised its position in United Airlines by 4.1% during the 1st quarter. Meeder Advisory Services Inc. now owns 13,153 shares of the transportation company’s stock worth $1,211,000 after buying an additional 521 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of United Airlines by 3.5% in 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. Parallel Advisors LLC lifted its stake in shares of United Airlines by 7.0% in the 1st quarter. Parallel Advisors LLC now owns 6,448 shares of the transportation company’s stock worth $594,000 after acquiring an additional 421 shares during the period. Finally, KBC Group NV boosted its holdings in shares of United Airlines by 16.8% in the first quarter. KBC Group NV now owns 566,487 shares of the transportation company’s stock valued at $52,157,000 after acquiring an additional 81,486 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UAL. Wells Fargo & Company boosted their price target on shares of United Airlines from $130.00 to $165.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 30th. UBS Group lifted their price objective on United Airlines from $148.00 to $153.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. JPMorgan Chase & Co. boosted their target price on United Airlines from $156.00 to $203.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of United Airlines in a research note on Friday, July 17th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $155.00 target price on shares of United Airlines in a research note on Sunday. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $156.79.

Insider Activity at United Airlines

In related news, CEO J Scott Kirby sold 48,303 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $121.30, for a total value of $5,859,153.90. Following the completion of the transaction, the chief executive officer directly owned 798,929 shares of the company’s stock, valued at $96,910,087.70. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Andrew P. Nocella sold 7,000 shares of United Airlines stock in a transaction on Friday, May 1st. The stock was sold at an average price of $90.19, for a total value of $631,330.00. Following the transaction, the executive vice president directly owned 215,345 shares of the company’s stock, valued at approximately $19,421,965.55. This represents a 3.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 96,381 shares of company stock valued at $10,837,575 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

United Airlines Stock Down 0.4%

UAL stock opened at $117.26 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. The company’s 50-day moving average price is $115.91 and its 200 day moving average price is $106.74. United Airlines Holdings Inc has a 52 week low of $82.42 and a 52 week high of $138.77. The company has a market cap of $38.06 billion, a P/E ratio of 10.97, a P/E/G ratio of 0.87 and a beta of 1.25.

United Airlines (NASDAQ:UAL) last issued its earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.88 by $0.11. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The company had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.62 billion. During the same period last year, the company posted $3.87 earnings per share. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. On average, research analysts expect that United Airlines Holdings Inc will post 10.46 earnings per share for the current fiscal year.

About United Airlines

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.