United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System lessened its stake in United Airlines Holdings, Inc. (NASDAQ:UALFree Report) by 5.3% in the third quarter, Holdings Channel reports. The fund owned 313,447 shares of the transportation company’s stock after selling 17,510 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in United Airlines were worth $13,259,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund boosted its holdings in United Airlines by 0.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 25,558 shares of the transportation company’s stock worth $1,402,000 after acquiring an additional 200 shares during the period. New York Life Investment Management LLC raised its position in shares of United Airlines by 0.7% in the 3rd quarter. New York Life Investment Management LLC now owns 45,927 shares of the transportation company’s stock valued at $1,943,000 after purchasing an additional 308 shares in the last quarter. Stifel Financial Corp raised its position in shares of United Airlines by 0.4% in the 1st quarter. Stifel Financial Corp now owns 73,814 shares of the transportation company’s stock valued at $3,266,000 after purchasing an additional 314 shares in the last quarter. Captrust Financial Advisors raised its position in shares of United Airlines by 5.3% in the 2nd quarter. Captrust Financial Advisors now owns 6,660 shares of the transportation company’s stock valued at $236,000 after purchasing an additional 334 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of United Airlines by 11.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 3,736 shares of the transportation company’s stock valued at $158,000 after purchasing an additional 372 shares in the last quarter. Hedge funds and other institutional investors own 70.37% of the company’s stock.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of recent analyst reports. Citigroup cut their target price on United Airlines from $76.00 to $71.00 and set a “buy” rating on the stock in a research report on Thursday, October 19th. StockNews.com lowered United Airlines from a “hold” rating to a “sell” rating in a research report on Wednesday, February 7th. JPMorgan Chase & Co. upped their target price on United Airlines from $93.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, October 19th. TheStreet lowered United Airlines from a “b-” rating to a “c+” rating in a research report on Tuesday, October 31st. Finally, Evercore ISI raised United Airlines from an “in-line” rating to an “outperform” rating and upped their price target for the company from $58.00 to $65.00 in a research report on Friday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, United Airlines has an average rating of “Moderate Buy” and an average price target of $67.64.

Get Our Latest Stock Report on United Airlines

United Airlines Price Performance

Shares of UAL opened at $43.02 on Tuesday. The company has a market cap of $14.11 billion, a P/E ratio of 5.46, a PEG ratio of 0.57 and a beta of 1.53. The stock has a fifty day moving average price of $41.41 and a 200 day moving average price of $42.81. The company has a debt-to-equity ratio of 2.70, a current ratio of 0.83 and a quick ratio of 0.76. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $58.23.

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

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.

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

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