United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,597 shares of the transportation company’s stock after selling 311 shares during the period. Kentucky Retirement Systems’ holdings in United Airlines were worth $2,194,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Bank of Jackson Hole Trust acquired a new stake in shares of United Airlines during the fourth quarter worth about $25,000. Global Trust Asset Management LLC acquired a new stake in shares of United Airlines during the third quarter worth about $29,000. Hemington Wealth Management increased its position in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of United Airlines during the fourth quarter worth about $32,000. Finally, Winch Advisory Services LLC acquired a new stake in shares of United Airlines during the fourth quarter worth about $38,000. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Down 6.4 %

Shares of United Airlines stock opened at $95.89 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.81 and a quick ratio of 0.74. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $116.00. The company has a market capitalization of $31.54 billion, a P/E ratio of 10.17, a P/E/G ratio of 0.67 and a beta of 1.43. The business has a 50 day moving average price of $102.94 and a 200 day moving average price of $79.43.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the previous year, the firm posted $2.00 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UAL. Citigroup lifted their target price on United Airlines from $98.00 to $122.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. lifted their target price on United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Finally, TD Cowen raised their price target on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. One research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $113.88.

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.