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

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

Several other hedge funds have also recently modified their holdings of UAL. Bank of Jackson Hole Trust bought a new position in United Airlines in the fourth quarter worth about $25,000. Hemington Wealth Management raised its stake in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Whipplewood Advisors LLC purchased a new stake in United Airlines during the fourth quarter valued at approximately $32,000. Roxbury Financial LLC purchased a new position in United Airlines in the fourth quarter worth $32,000. Finally, Bell Investment Advisors Inc increased its position in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after purchasing an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

Shares of United Airlines stock traded down $1.32 during trading hours on Tuesday, reaching $78.90. The stock had a trading volume of 7,806,150 shares, compared to its average volume of 7,658,822. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The firm has a market capitalization of $25.83 billion, a PE ratio of 8.37, a PEG ratio of 0.67 and a beta of 1.41. The stock's 50 day moving average is $96.04 and its 200 day moving average is $85.95.

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United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.96 by $0.30. The company had revenue of $14.70 billion for the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. United Airlines's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 earnings per share. Equities analysts expect that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UAL shares. Susquehanna restated a "hold" rating on shares of United Airlines in a research note on Tuesday, February 25th. Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 26th. Citigroup upped their target price on United Airlines from $98.00 to $122.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. TD Cowen lifted their price target on United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, January 24th. Finally, Barclays set a $140.00 price objective on United Airlines and gave the company an "overweight" rating in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, United Airlines presently has an average rating of "Buy" and an average price target of $112.75.

About United Airlines

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.