California Public Employees Retirement System Reduces Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

California Public Employees Retirement System lowered its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 7.0% during the fourth quarter, according to its most recent Form 13F filing with the 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 0.18% of United Airlines worth $57,794,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Moody National Bank Trust Division grew its holdings in shares of United Airlines by 2.1% during the 4th quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company's stock worth $470,000 after purchasing an additional 98 shares during the period. Diversify Advisory Services LLC lifted its position in United Airlines by 2.2% in the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company's stock valued at $508,000 after buying an additional 101 shares during the last quarter. Metis Global Partners LLC boosted its stake 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 buying an additional 129 shares during the period. 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 valued at $30,000 after acquiring an additional 131 shares during the last quarter. Finally, Bell Investment Advisors Inc increased its position in shares of United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after acquiring an additional 135 shares during the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

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United Airlines Stock Down 15.6 %

NASDAQ:UAL traded down $11.14 during trading hours on Thursday, hitting $60.23. The company's stock had a trading volume of 16,673,188 shares, compared to its average volume of 7,788,638. The stock has a market capitalization of $19.72 billion, a P/E ratio of 6.39, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The stock has a fifty day moving average of $90.32 and a 200-day moving average of $86.68. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating analysts' consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion for 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 business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.00 EPS. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on UAL. Raymond James cut shares of United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday. UBS Group lowered their price target on United Airlines from $140.00 to $107.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. Bank of America cut their price objective on United Airlines from $110.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday. Morgan Stanley raised their target price on United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Finally, TD Cowen boosted their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, January 24th. Three research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $111.08.

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.