Forge First Asset Management Inc. Buys Shares of 58,000 United Airlines Holdings Inc $UAL

Forge First Asset Management Inc. purchased a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 58,000 shares of the transportation company’s stock, valued at approximately $4,617,000. United Airlines comprises 1.7% of Forge First Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of UAL. Rosenberg Matthew Hamilton boosted its holdings in United Airlines by 14.2% in the second quarter. Rosenberg Matthew Hamilton now owns 935 shares of the transportation company’s stock worth $74,000 after purchasing an additional 116 shares in the last quarter. Pinnacle Associates Ltd. boosted its stake in shares of United Airlines by 1.1% during the 2nd quarter. Pinnacle Associates Ltd. now owns 10,286 shares of the transportation company’s stock worth $819,000 after acquiring an additional 116 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in shares of United Airlines by 8.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 1,759 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 143 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of United Airlines by 3.3% in the 1st quarter. Wedbush Securities Inc. now owns 4,651 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 147 shares in the last quarter. Finally, Foster Group Inc. raised its stake in shares of United Airlines by 2.8% in the 2nd quarter. Foster Group Inc. now owns 5,392 shares of the transportation company’s stock valued at $429,000 after acquiring an additional 148 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. TD Cowen increased their price target on United Airlines from $127.00 to $138.00 and gave the company a “buy” rating in a report on Monday, October 20th. Weiss Ratings downgraded shares of United Airlines from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on shares of United Airlines from $149.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, October 20th. UBS Group cut their target price on shares of United Airlines from $131.00 to $128.00 and set a “buy” rating for the company in a research report on Friday, October 17th. Finally, Jefferies Financial Group raised their price target on United Airlines from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $125.38.

United Airlines Stock Performance

NASDAQ UAL opened at $91.92 on Wednesday. The company’s fifty day moving average is $98.80 and its two-hundred day moving average is $91.00. United Airlines Holdings Inc has a 52-week low of $52.00 and a 52-week high of $116.00. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.67 and a quick ratio of 0.61. The firm has a market capitalization of $29.76 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.89 and a beta of 1.45.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Wednesday, October 15th. The transportation company reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.13. United Airlines had a net margin of 5.64% and a return on equity of 26.94%. The business had revenue of $15.23 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same quarter in the prior year, the business earned $3.33 earnings per share. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. United Airlines has set its Q4 2025 guidance at 3.000-3.500 EPS. Equities research analysts forecast that United Airlines Holdings Inc will post 12.96 EPS 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.