Public Employees Retirement System of Ohio Has $6.90 Million Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Public Employees Retirement System of Ohio reduced its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 27.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,900 shares of the transportation company's stock after selling 46,892 shares during the quarter. Public Employees Retirement System of Ohio's holdings in United Airlines were worth $6,899,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of UAL. State Street Corp increased its stake in United Airlines by 0.8% during the 3rd 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock worth $177,604,000 after acquiring an additional 908,558 shares in the last quarter. Aigen Investment Management LP raised its holdings in shares of United Airlines by 87.2% during the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company's stock worth $1,079,000 after acquiring an additional 8,808 shares during the period. Edgestream Partners L.P. lifted its position in United Airlines by 293.6% in the 3rd quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company's stock valued at $2,860,000 after acquiring an additional 37,389 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in United Airlines by 16.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 233,464 shares of the transportation company's stock worth $13,321,000 after purchasing an additional 32,725 shares during the period. 69.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UAL has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on United Airlines from $75.00 to $95.00 and gave the company a "buy" rating in a research report on Monday, October 21st. Sanford C. Bernstein raised their target price on shares of United Airlines from $68.00 to $85.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Dbs Bank upgraded shares of United Airlines from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. TD Cowen raised their price objective on United Airlines from $100.00 to $125.00 and gave the company a "buy" rating in a report on Tuesday, November 19th. Finally, Susquehanna raised their price target on United Airlines from $70.00 to $85.00 and gave the company a "positive" rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $98.95.

United Airlines Stock Performance

UAL stock traded down $0.86 during mid-day trading on Friday, hitting $95.11. 4,163,865 shares of the company were exchanged, compared to its average volume of 8,201,457. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $105.09. The stock has a market capitalization of $31.28 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.44. The business has a 50 day simple moving average of $84.18 and a 200-day simple moving average of $60.49. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to analysts' expectations of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same period last year, the firm posted $3.65 EPS. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current year.

United Airlines announced that its Board of Directors has authorized a stock repurchase program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the transaction, the executive vice president now directly owns 40,012 shares of the company's stock, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Linda P. Jojo sold 60,000 shares of the company's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares of the company's stock, valued at $6,049,536.88. The trade was a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,000 shares of company stock valued at $8,158,900. 0.63% of the stock is owned by company insiders.

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.