Kentucky Retirement Systems Trims Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Kentucky Retirement Systems lessened its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.4% during the fourth quarter, HoldingsChannel reports. The firm owned 22,597 shares of the transportation company’s stock after selling 311 shares during the quarter. Kentucky Retirement Systems’ holdings in United Airlines were worth $2,194,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in UAL. Blue Trust Inc. lifted its stake in shares of United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after purchasing an additional 392 shares during the period. Signaturefd LLC lifted its stake in shares of United Airlines by 25.8% during the 3rd quarter. Signaturefd LLC now owns 6,265 shares of the transportation company’s stock worth $357,000 after purchasing an additional 1,283 shares during the period. International Assets Investment Management LLC lifted its stake in shares of United Airlines by 2,351.1% during the 3rd quarter. International Assets Investment Management LLC now owns 91,524 shares of the transportation company’s stock worth $5,222,000 after purchasing an additional 87,790 shares during the period. Global Trust Asset Management LLC purchased a new position in shares of United Airlines during the 3rd quarter worth $29,000. Finally, Cromwell Holdings LLC lifted its stake in shares of United Airlines by 31.4% during the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock worth $53,000 after purchasing an additional 222 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on UAL shares. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of United Airlines in a research note on Friday, November 15th. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Citigroup increased 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. Morgan Stanley increased their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, TD Cowen increased their target price on United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One investment analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $113.88.

United Airlines Stock Down 6.4 %

NASDAQ:UAL opened at $95.89 on Friday. The company has a market capitalization of $31.54 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $116.00. The stock has a 50-day simple moving average of $102.94 and a 200 day simple moving average of $79.43. 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 posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period last year, the firm earned $2.00 earnings per share. Sell-side analysts predict that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

About United Airlines

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.