4,016 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Bought by Summit Global Investments

Summit Global Investments bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, HoldingsChannel.com reports. The firm bought 4,016 shares of the transportation company’s stock, valued at approximately $390,000.

Other large investors have also recently added to or reduced their stakes in the company. Quest Partners LLC grew its stake in shares of United Airlines by 268.7% during the 3rd quarter. Quest Partners LLC now owns 2,791 shares of the transportation company’s stock worth $159,000 after acquiring an additional 2,034 shares in the last quarter. Commerce Bank grew its position in United Airlines by 1.1% in the third quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock valued at $1,005,000 after purchasing an additional 196 shares in the last quarter. Cerity Partners LLC increased its stake in United Airlines by 111.9% in the 3rd quarter. Cerity Partners LLC now owns 49,581 shares of the transportation company’s stock valued at $2,829,000 after buying an additional 26,188 shares during the last quarter. Centaurus Financial Inc. lifted its position in United Airlines by 33.0% during the 3rd quarter. Centaurus Financial Inc. now owns 6,188 shares of the transportation company’s stock worth $353,000 after buying an additional 1,534 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of United Airlines by 8.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 20,022 shares of the transportation company’s stock worth $1,142,000 after buying an additional 1,563 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on UAL. Raymond James reiterated an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Bank of America cut their price objective on United Airlines from $125.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, March 12th. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Finally, Morgan Stanley boosted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $112.75.

United Airlines Trading Up 7.1 %

UAL stock opened at $80.22 on Tuesday. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81. The company’s 50-day simple moving average is $96.04 and its 200 day simple moving average is $85.95. The company has a market capitalization of $26.26 billion, a PE ratio of 8.51, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $2.00 earnings per share. As a group, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

United Airlines Company 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.