United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Bought by New York State Teachers Retirement System

New York State Teachers Retirement System lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 319,978 shares of the transportation company’s stock after acquiring an additional 6,274 shares during the quarter. New York State Teachers Retirement System owned 0.10% of United Airlines worth $31,070,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Global Trust Asset Management LLC purchased a new position in United Airlines during the 3rd quarter worth approximately $29,000. Hemington Wealth Management grew its holdings in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock valued at $30,000 after buying an additional 131 shares in the last quarter. Winch Advisory Services LLC acquired a new position in United Airlines during the fourth quarter valued at $38,000. Blue Trust Inc. lifted its stake in United Airlines by 108.6% in the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after acquiring an additional 392 shares in the last quarter. Finally, Cromwell Holdings LLC grew its stake in United Airlines by 31.4% during the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after acquiring an additional 222 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Up 3.3 %

Shares of United Airlines stock opened at $104.26 on Friday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company’s fifty day simple moving average is $102.34 and its 200-day simple moving average is $77.35. The company has a market cap of $34.29 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.71 and a beta of 1.43. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the business posted $2.00 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that United Airlines Holdings, Inc. will post 13.09 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on UAL shares. TD Cowen increased their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Melius Research raised United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Finally, Citigroup boosted their price target on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. One equities research analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $113.88.

Insider Activity

In other news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.63% of the stock is currently owned by company insiders.

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.