New York State Common Retirement Fund Decreases Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

New York State Common Retirement Fund cut its stake in United Airlines Holdings, Inc. (NASDAQ:UALFree Report) by 18.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 237,554 shares of the transportation company’s stock after selling 52,969 shares during the quarter. New York State Common Retirement Fund owned approximately 0.07% of United Airlines worth $10,049,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors acquired a new position in shares of United Airlines during the first quarter valued at about $351,299,000. Altimeter Capital Management LP acquired a new position in shares of United Airlines in the 1st quarter worth approximately $115,175,000. Ensign Peak Advisors Inc boosted its holdings in shares of United Airlines by 1,248.8% in the 1st quarter. Ensign Peak Advisors Inc now owns 1,474,058 shares of the transportation company’s stock worth $68,337,000 after acquiring an additional 1,364,768 shares in the last quarter. Man Group plc boosted its holdings in shares of United Airlines by 347.1% in the 4th quarter. Man Group plc now owns 1,549,450 shares of the transportation company’s stock worth $58,414,000 after acquiring an additional 1,202,905 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in United Airlines by 403.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 1,240,877 shares of the transportation company’s stock worth $57,527,000 after purchasing an additional 994,335 shares during the last quarter. Institutional investors and hedge funds own 70.37% of the company’s stock.

United Airlines Stock Performance

NASDAQ UAL opened at $41.28 on Thursday. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $58.23. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.83 and a quick ratio of 0.76. The firm has a market cap of $13.54 billion, a price-to-earnings ratio of 5.24, a PEG ratio of 0.56 and a beta of 1.53. The company has a fifty day moving average price of $41.27 and a 200-day moving average price of $43.15.

United Airlines (NASDAQ:UALGet Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, topping the consensus estimate of $1.61 by $0.39. The company had revenue of $13.63 billion during the quarter, compared to the consensus estimate of $13.55 billion. United Airlines had a net margin of 4.87% and a return on equity of 41.01%. United Airlines’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same period last year, the firm earned $2.46 EPS. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 9.77 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on UAL shares. Citigroup dropped their price objective on shares of United Airlines from $76.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. Susquehanna upgraded shares of United Airlines from a “neutral” rating to a “positive” rating and upped their target price for the company from $40.00 to $60.00 in a research report on Wednesday, January 10th. TD Cowen upped their target price on shares of United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. StockNews.com cut shares of United Airlines from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, TheStreet cut shares of United Airlines from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, two have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, United Airlines has an average rating of “Moderate Buy” and an average price target of $67.14.

Read Our Latest Stock Report on UAL

United Airlines Company Profile

(Free Report)

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, training, and maintenance services for third parties.

See Also

Institutional Ownership by Quarter for United Airlines (NASDAQ:UAL)

Receive News & Ratings for United Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Airlines and related companies with MarketBeat.com's FREE daily email newsletter.