United Airlines Holdings, Inc. (NASDAQ:UAL) Position Boosted by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 185,137 shares of the transportation company’s stock after acquiring an additional 3,257 shares during the period. New York State Common Retirement Fund owned approximately 0.06% of United Airlines worth $17,977,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp lifted its position in United Airlines by 0.8% in the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after purchasing an additional 78,470 shares during the period. Sanders Capital LLC raised its stake in shares of United Airlines by 12.4% in the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock worth $539,650,000 after buying an additional 1,040,589 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of United Airlines by 2.1% in the third quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock valued at $477,526,000 after buying an additional 168,498 shares during the period. Castle Hook Partners LP boosted its stake in United Airlines by 176.1% during the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of United Airlines by 41.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after buying an additional 908,558 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

United Airlines Price Performance

NASDAQ UAL opened at $95.89 on Friday. 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 12-month low of $37.02 and a 12-month high of $116.00. The company has a 50 day moving average price of $102.94 and a two-hundred day moving average price of $79.43. The stock has a market capitalization of $31.54 billion, a PE ratio of 10.17, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last announced 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. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. 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 firm earned $2.00 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently weighed in on UAL. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. Susquehanna boosted their target price on shares of United Airlines from $120.00 to $130.00 and gave the company a “positive” rating in a research note on Tuesday, February 4th. UBS Group increased their target price on United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. lifted their price target on United Airlines from $108.00 to $133.00 and gave the company an “overweight” rating in a report on Thursday, January 9th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $119.00 target price on shares of United Airlines in a report on Friday, November 15th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $113.88.

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.