Summit Financial LLC Buys 243 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Summit Financial LLC increased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,661 shares of the transportation company’s stock after purchasing an additional 243 shares during the quarter. Summit Financial LLC’s holdings in United Airlines were worth $647,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its holdings in shares of United Airlines by 94.5% during the 4th quarter. Meeder Asset Management Inc. now owns 109,800 shares of the transportation company’s stock worth $10,662,000 after acquiring an additional 53,361 shares during the period. O Shaughnessy Asset Management LLC lifted its stake in United Airlines by 14.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 21,477 shares of the transportation company’s stock worth $2,085,000 after purchasing an additional 2,703 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in shares of United Airlines by 13.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 8,317 shares of the transportation company’s stock valued at $863,000 after purchasing an additional 963 shares in the last quarter. Dorsey Wright & Associates bought a new position in shares of United Airlines in the 4th quarter valued at $1,356,000. Finally, Tucker Asset Management LLC raised its holdings in shares of United Airlines by 87.4% during the 4th quarter. Tucker Asset Management LLC now owns 821 shares of the transportation company’s stock worth $80,000 after buying an additional 383 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UAL. Bank of America decreased their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. Morgan Stanley upped their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Raymond James lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Jefferies Financial Group dropped their price target on United Airlines from $154.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $111.75.

United Airlines Stock Up 4.6 %

Shares of NASDAQ UAL opened at $71.37 on Thursday. 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 moving average price is $91.18 and its 200-day moving average price is $86.87. The company has a market capitalization of $23.36 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The firm had revenue of $14.70 billion during 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%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business posted $2.00 EPS. Equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

United Airlines 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.