Summit Global Investments Invests $645,000 in United Airlines Holdings Inc $UAL

Summit Global Investments bought a new stake in United Airlines Holdings Inc (NASDAQ:UAL) during the first quarter, HoldingsChannel reports. The institutional investor bought 7,007 shares of the transportation company’s stock, valued at approximately $645,000.

Other large investors have also recently bought and sold shares of the company. Legacy Wealth Managment LLC ID purchased a new stake in shares of United Airlines in the fourth quarter valued at $25,000. JPL Wealth Management LLC purchased a new stake in United Airlines during the 3rd quarter worth about $29,000. BOCHK Asset Management Ltd purchased a new stake in United Airlines during the 4th quarter worth about $34,000. Motiv8 Investments LLC acquired a new position in United Airlines in the 4th quarter valued at about $35,000. Finally, JFS Wealth Advisors LLC lifted its holdings in United Airlines by 51.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 318 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of United Airlines from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 11th. Sanford C. Bernstein upped their price objective on shares of United Airlines from $136.00 to $153.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Morgan Stanley raised their target price on shares of United Airlines from $185.00 to $190.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Bank of America boosted their price target on United Airlines from $145.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, July 1st. Finally, Barclays increased their price target on United Airlines from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Sixteen analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, United Airlines has an average rating of “Moderate Buy” and an average target price of $156.79.

Insider Transactions at United Airlines

In related news, 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 owned 215,345 shares in the company, valued at approximately $19,421,965.55. This trade represents a 3.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 5,331 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $105.51, for a total value of $562,473.81. Following the sale, the executive vice president directly owned 60,393 shares of the company’s stock, valued at approximately $6,372,065.43. This trade represents a 8.11% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 96,381 shares of company stock worth $10,837,575 in the last ninety days. Insiders own 0.86% of the company’s stock.

United Airlines Price Performance

UAL opened at $117.26 on Thursday. United Airlines Holdings Inc has a 1 year low of $82.42 and a 1 year high of $138.77. The company’s 50 day simple moving average is $115.91 and its 200 day simple moving average is $106.74. The stock has a market capitalization of $38.06 billion, a PE ratio of 10.97, a P/E/G ratio of 0.87 and a beta of 1.25. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78.

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