State of Tennessee Department of Treasury Decreases Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

State of Tennessee Department of Treasury decreased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 244,831 shares of the transportation company's stock after selling 11,884 shares during the period. State of Tennessee Department of Treasury owned 0.07% of United Airlines worth $23,773,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of UAL. Proficio Capital Partners LLC purchased a new position in United Airlines during the fourth quarter worth about $137,000. Longbow Finance SA acquired a new stake in United Airlines during the 4th quarter valued at $9,359,000. KBC Group NV purchased a new stake in United Airlines during the 4th quarter worth about $485,000. Bleakley Financial Group LLC raised its position in shares of United Airlines by 293.7% in the fourth quarter. Bleakley Financial Group LLC now owns 23,458 shares of the transportation company's stock valued at $2,278,000 after buying an additional 17,499 shares during the last quarter. Finally, Islay Capital Management LLC acquired a new position in United Airlines in the 4th quarter valued at $790,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UAL shares. Morgan Stanley upped their price objective on shares of United Airlines from $130.00 to $140.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Evercore ISI reduced their price objective on United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group reduced their target price on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. UBS Group increased their price target on United Airlines from $59.00 to $67.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Finally, Raymond James lowered shares of United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Three investment analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $97.14.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $66.97 on Wednesday. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. 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 firm has a market capitalization of $21.95 billion, a P/E ratio of 7.10, a PEG ratio of 0.67 and a beta of 1.19. The firm's 50 day moving average is $77.68 and its two-hundred day moving average is $87.66.

United Airlines (NASDAQ:UAL - Get Free Report) last released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.75 by $0.16. The firm had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. Analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

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.

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