Forge First Asset Management Inc. Invests $4.62 Million in United Airlines Holdings Inc $UAL

Forge First Asset Management Inc. bought a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 58,000 shares of the transportation company’s stock, valued at approximately $4,617,000. United Airlines makes up 1.7% of Forge First Asset Management Inc.’s portfolio, making the stock its 22nd largest position.

Several other hedge funds have also recently added to or reduced their stakes in UAL. Pacer Advisors Inc. boosted its holdings in United Airlines by 10,777.6% during the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company’s stock valued at $349,953,000 after purchasing an additional 5,021,511 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of United Airlines by 86.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company’s stock worth $275,203,000 after buying an additional 1,847,884 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of United Airlines by 334.6% during the 1st quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company’s stock worth $116,539,000 after buying an additional 1,380,804 shares during the period. Allianz Asset Management GmbH boosted its stake in United Airlines by 1,575.1% in the 1st quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company’s stock valued at $88,203,000 after buying an additional 1,201,118 shares in the last quarter. Finally, Assetmark Inc. grew its position in United Airlines by 352.6% in the second quarter. Assetmark Inc. now owns 1,468,818 shares of the transportation company’s stock valued at $116,962,000 after acquiring an additional 1,144,296 shares during the period. Institutional investors and hedge funds own 69.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Wall Street Zen cut United Airlines from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. UBS Group cut their price target on shares of United Airlines from $131.00 to $128.00 and set a “buy” rating for the company in a report on Friday, October 17th. Evercore ISI boosted their price target on shares of United Airlines from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Monday, September 29th. JPMorgan Chase & Co. raised their price objective on shares of United Airlines from $149.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Finally, Cowen reiterated a “buy” rating on shares of United Airlines in a research note on Monday, October 20th. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, United Airlines currently has a consensus rating of “Buy” and a consensus price target of $125.38.

United Airlines Trading Up 2.2%

UAL opened at $91.92 on Wednesday. United Airlines Holdings Inc has a 1-year low of $52.00 and a 1-year high of $116.00. The stock has a market capitalization of $29.76 billion, a PE ratio of 9.21, a PEG ratio of 0.89 and a beta of 1.45. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.45. The firm has a 50-day moving average price of $98.80 and a two-hundred day moving average price of $91.00.

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