California Public Employees Retirement System Has $57.79 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

California Public Employees Retirement System trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 7.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 595,205 shares of the transportation company’s stock after selling 44,680 shares during the period. California Public Employees Retirement System owned about 0.18% of United Airlines worth $57,794,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Moody National Bank Trust Division lifted its stake in United Airlines by 2.1% in the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after acquiring an additional 98 shares during the last quarter. Diversify Advisory Services LLC lifted its stake in United Airlines by 2.2% in the 4th quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 101 shares during the last quarter. Metis Global Partners LLC grew its holdings in United Airlines by 2.0% during the fourth quarter. Metis Global Partners LLC now owns 6,501 shares of the transportation company’s stock worth $631,000 after purchasing an additional 129 shares during the period. Hemington Wealth Management increased its position in 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 buying an additional 131 shares during the last quarter. Finally, Bell Investment Advisors Inc raised its stake in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock valued at $35,000 after buying an additional 135 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Down 1.2 %

UAL stock opened at $68.20 on Wednesday. The company has a market cap of $22.32 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The business has a 50-day simple moving average of $91.91 and a 200 day simple moving average of $86.98.

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

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of recent analyst reports. Bank of America decreased their target price on United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a report on Wednesday, March 12th. TD Cowen increased their price objective on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a research report on Friday, January 24th. Barclays set a $140.00 target price on shares of United Airlines and gave the stock an “overweight” rating in a report on Wednesday, March 12th. UBS Group lowered their price target on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday, March 20th. Finally, Morgan Stanley boosted their price objective on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Two investment analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $111.75.

United Airlines Company 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.