Kentucky Retirement Systems Sells 1,331 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Kentucky Retirement Systems decreased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 5.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,911 shares of the transportation company’s stock after selling 1,331 shares during the quarter. Kentucky Retirement Systems’ holdings in United Airlines were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. U S Global Investors Inc. lifted its stake in United Airlines by 31.9% in the 4th quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company’s stock worth $171,637,000 after purchasing an additional 1,005,170 shares in the last quarter. Norges Bank bought a new stake in shares of United Airlines during the 4th quarter valued at about $41,114,000. Dimensional Fund Advisors LP boosted its position 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 valued at $170,974,000 after acquiring an additional 812,257 shares during the last quarter. Senator Investment Group LP bought a new position in shares of United Airlines in the first quarter worth approximately $35,910,000. Finally, Canada Pension Plan Investment Board raised its stake in United Airlines by 452.0% in the first quarter. Canada Pension Plan Investment Board now owns 713,800 shares of the transportation company’s stock valued at $34,177,000 after purchasing an additional 584,500 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on UAL shares. Citigroup lifted their price objective on shares of United Airlines from $80.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. TD Cowen increased their price objective on United Airlines from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Wolfe Research upgraded United Airlines from a “peer perform” rating to an “outperform” rating and set a $76.00 target price for the company in a research report on Friday, May 17th. Susquehanna increased their price target on shares of United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research report on Thursday, April 18th. Finally, StockNews.com upgraded shares of United Airlines from a “sell” rating to a “hold” rating in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.20.

United Airlines Trading Up 1.4 %

Shares of UAL traded up $0.65 during mid-day trading on Friday, hitting $47.37. 5,867,063 shares of the company’s stock traded hands, compared to its average volume of 7,843,813. The company has a quick ratio of 0.71, a current ratio of 0.77 and a debt-to-equity ratio of 2.07. The firm has a market capitalization of $15.58 billion, a P/E ratio of 5.86, a PEG ratio of 0.77 and a beta of 1.44. The business’s 50-day moving average price is $49.53 and its 200-day moving average price is $46.93. United Airlines Holdings, Inc. has a 1 year low of $33.68 and a 1 year high of $56.17.

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 analysts’ consensus estimates of $3.97 by $0.17. The business had revenue of $14.99 billion for the quarter, compared to the consensus estimate of $15.04 billion. United Airlines had a net margin of 5.28% and a return on equity of 33.90%. The company’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. As a group, sell-side analysts forecast that United Airlines Holdings, Inc. will post 9.62 EPS for the current fiscal 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.