United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.1% during the 1st quarter, Holdings Channel reports. The firm owned 24,911 shares of the transportation company’s stock after selling 1,331 shares during the period. Kentucky Retirement Systems’ holdings in United Airlines were worth $1,193,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UAL. Capital International Investors boosted its holdings in United Airlines by 2.4% during the first quarter. Capital International Investors now owns 18,502,761 shares of the transportation company’s stock worth $885,912,000 after buying an additional 429,501 shares in the last quarter. U S Global Investors Inc. lifted its position in shares of United Airlines by 31.9% during the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock valued at $171,637,000 after acquiring an additional 1,005,170 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of United Airlines by 24.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,143,202 shares of the transportation company’s stock worth $170,974,000 after acquiring an additional 812,257 shares in the last quarter. Par Capital Management Inc. grew its holdings in shares of United Airlines by 7.2% in the 4th quarter. Par Capital Management Inc. now owns 2,223,400 shares of the transportation company’s stock worth $91,737,000 after acquiring an additional 150,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of United Airlines by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,725,062 shares of the transportation company’s stock worth $71,176,000 after purchasing an additional 26,488 shares during the period. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wolfe Research upgraded United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 price objective on the stock in a report on Friday, May 17th. Jefferies Financial Group raised shares of United Airlines from a “hold” rating to a “buy” rating and raised their price objective for the stock from $54.00 to $65.00 in a research note on Wednesday, May 29th. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. Raymond James raised their target price on United Airlines from $66.00 to $70.00 and gave the stock an “outperform” rating in a research report on Thursday, April 18th. Finally, Susquehanna upped their price target on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $72.20.

United Airlines Trading Up 1.4 %

NASDAQ UAL traded up $0.65 during trading on Friday, reaching $47.37. 5,867,063 shares of the stock traded hands, compared to its average volume of 7,843,813. The stock’s 50-day moving average price is $49.53 and its 200 day moving average price is $46.93. The firm has a market cap of $15.58 billion, a price-to-earnings ratio of 5.86, a price-to-earnings-growth ratio of 0.77 and a beta of 1.44. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $56.17. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, July 17th. The transportation company reported $4.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.97 by $0.17. The business had revenue of $14.99 billion during the quarter, compared to analyst estimates of $15.04 billion. United Airlines had a return on equity of 33.90% and a net margin of 5.28%. United Airlines’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.03 EPS. Analysts predict that United Airlines Holdings, Inc. will post 9.62 EPS 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.