United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System cut its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,704 shares of the transportation company’s stock after selling 12,006 shares during the period. New York State Teachers Retirement System owned about 0.10% of United Airlines worth $17,900,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of UAL. Wahed Invest LLC grew its position in shares of United Airlines by 13.7% in the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after buying an additional 192 shares during the last quarter. Cromwell Holdings LLC increased its position in shares of United Airlines by 31.4% during the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after purchasing an additional 222 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of United Airlines by 26.6% in the 2nd quarter. Mather Group LLC. now owns 1,174 shares of the transportation company’s stock valued at $56,000 after purchasing an additional 247 shares during the last quarter. UMB Bank n.a. boosted its position in shares of United Airlines by 59.7% in the 2nd quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares during the period. Finally, Allworth Financial LP grew its stake in United Airlines by 4.0% during the 3rd quarter. Allworth Financial LP now owns 6,864 shares of the transportation company’s stock worth $392,000 after buying an additional 264 shares during the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on UAL shares. Susquehanna boosted their price objective on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Bank of America increased their price target on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group upped their target price on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a report on Monday, October 21st. Sanford C. Bernstein raised their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Finally, Morgan Stanley upped their price objective on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $78.94.

Insider Activity at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the sale, the executive vice president now directly owns 30,427 shares in the company, valued at approximately $2,190,744. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.63% of the stock is currently owned by company insiders.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $80.46 on Friday. The company’s fifty day moving average is $58.30 and its two-hundred day moving average is $51.99. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The firm has a market capitalization of $26.46 billion, a P/E ratio of 9.71, a PEG ratio of 0.96 and a beta of 1.44. United Airlines Holdings, Inc. has a one year low of $35.24 and a one year high of $81.35.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The company had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same period in the prior year, the business posted $3.65 earnings per share. Analysts forecast that United Airlines Holdings, Inc. will post 10.18 EPS for the current fiscal year.

United Airlines announced that its board has approved a stock repurchase plan on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

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.