Summit Global Investments Makes New $390,000 Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Summit Global Investments bought a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,016 shares of the transportation company’s stock, valued at approximately $390,000.

Several other large investors have also made changes to their positions in the company. Bank of Jackson Hole Trust acquired a new stake in United Airlines during the 4th quarter valued at $25,000. Hemington Wealth Management grew its holdings in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at $32,000. Roxbury Financial LLC bought a new position in shares of United Airlines in the fourth quarter valued at about $32,000. Finally, Bell Investment Advisors Inc lifted its position in United Airlines by 60.3% during the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after buying an additional 135 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Up 7.1 %

UAL opened at $80.22 on Tuesday. The firm’s fifty day moving average is $96.04 and its two-hundred day moving average is $85.95. The firm has a market cap 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 Holdings, Inc. has a twelve month low of $37.02 and a twelve month 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.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the business posted $2.00 EPS. The firm’s revenue was up 7.8% compared to the same quarter last year. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on UAL shares. Barclays set a $140.00 target price on shares of United Airlines and gave the stock an “overweight” rating in a research note on Wednesday, March 12th. Bank of America reduced their price objective on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. Raymond James reissued an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Melius Research raised United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Morgan Stanley lifted their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Two equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $112.75.

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.