New York State Common Retirement Fund boosted its stake in United Airlines Holdings Inc (NASDAQ:UAL – Free Report) by 4.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 188,393 shares of the transportation company’s stock after buying an additional 7,695 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of United Airlines worth $18,180,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL lifted its holdings in United Airlines by 16.3% in the second quarter. Blair William & Co. IL now owns 21,223 shares of the transportation company’s stock valued at $1,690,000 after acquiring an additional 2,967 shares during the last quarter. Pitcairn Co. grew its stake in shares of United Airlines by 194.2% during the second quarter. Pitcairn Co. now owns 23,576 shares of the transportation company’s stock worth $1,877,000 after purchasing an additional 15,563 shares in the last quarter. Bayforest Capital Ltd lifted its position in shares of United Airlines by 840.0% during the 2nd quarter. Bayforest Capital Ltd now owns 9,550 shares of the transportation company’s stock worth $760,000 after buying an additional 8,534 shares during the last quarter. Atria Investments Inc lifted its stake in United Airlines by 16.2% in the second quarter. Atria Investments Inc now owns 28,483 shares of the transportation company’s stock valued at $2,268,000 after buying an additional 3,978 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of United Airlines in the second quarter valued at about $239,000. Institutional investors and hedge funds own 69.69% of the company’s stock.
United Airlines Stock Performance
Shares of UAL opened at $102.32 on Monday. United Airlines Holdings Inc has a 52-week low of $52.00 and a 52-week high of $119.21. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 1.35. The firm has a market cap of $33.13 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 0.54 and a beta of 1.30. The business’s 50 day moving average is $109.44 and its two-hundred day moving average is $101.87.
Insider Buying and Selling
In other news, CEO J Scott Kirby sold 120,000 shares of United Airlines stock in a transaction that occurred on Wednesday, December 3rd. The stock was sold at an average price of $107.86, for a total transaction of $12,943,200.00. Following the sale, the chief executive officer owned 666,535 shares of the company’s stock, valued at approximately $71,892,465.10. The trade was a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.63% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently weighed in on UAL. Wells Fargo & Company assumed coverage on United Airlines in a report on Thursday, December 18th. They set an “overweight” rating and a $145.00 price target for the company. JPMorgan Chase & Co. upped their price target on United Airlines from $149.00 to $156.00 and gave the stock an “overweight” rating in a report on Monday, October 20th. Sanford C. Bernstein restated an “outperform” rating and set a $136.00 target price on shares of United Airlines in a report on Tuesday, January 27th. The Goldman Sachs Group upped their price objective on United Airlines from $115.00 to $129.00 and gave the company a “buy” rating in a research report on Tuesday, January 13th. Finally, UBS Group boosted their price target on United Airlines from $145.00 to $147.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. Fifteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $135.97.
Check Out Our Latest Stock Report on UAL
About United Airlines
United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.
In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.
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