Maryland State Retirement & Pension System Has $1.70 Million Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Maryland State Retirement & Pension System trimmed its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,478 shares of the transportation company’s stock after selling 1,220 shares during the quarter. Maryland State Retirement & Pension System’s holdings in United Airlines were worth $1,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Bank of Jackson Hole Trust acquired a new stake in United Airlines during the fourth quarter valued at approximately $25,000. Hemington Wealth Management boosted its holdings in shares of United Airlines by 70.8% in the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after acquiring an additional 131 shares in the last quarter. Whipplewood Advisors LLC acquired a new position in shares of United Airlines in the 4th quarter worth approximately $32,000. Roxbury Financial LLC acquired a new position in shares of United Airlines in the 4th quarter worth approximately $32,000. Finally, Bell Investment Advisors Inc boosted its holdings in shares of United Airlines by 60.3% in the 4th quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after acquiring an additional 135 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Performance

Shares of United Airlines stock opened at $74.87 on Friday. The firm has a fifty day moving average of $96.52 and a two-hundred day moving average of $85.12. The stock has a market capitalization of $24.51 billion, a price-to-earnings ratio of 7.94, a PEG ratio of 0.67 and a beta of 1.41. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the company posted $2.00 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities research analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on UAL shares. UBS Group reduced their target price on United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a report on Thursday. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Melius Research raised United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a report on Tuesday, February 25th. Finally, TD Cowen upped their price objective on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday, January 24th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Airlines presently has a consensus rating of “Buy” and a consensus price target of $112.75.

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.