Treasurer of the State of North Carolina Has $15.93 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Treasurer of the State of North Carolina grew its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 11.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 164,072 shares of the transportation company's stock after purchasing an additional 16,920 shares during the quarter. Treasurer of the State of North Carolina's holdings in United Airlines were worth $15,931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UAL. Bank of Jackson Hole Trust purchased a new stake in shares of United Airlines during the fourth quarter worth approximately $25,000. Hemington Wealth Management increased its position in United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after purchasing an additional 131 shares during the period. Roxbury Financial LLC purchased a new position in shares of United Airlines during the 4th quarter worth approximately $32,000. Whipplewood Advisors LLC purchased a new stake in shares of United Airlines in the fourth quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc raised its position in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock worth $35,000 after acquiring an additional 135 shares in the last quarter. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on UAL shares. Evercore ISI dropped their target price on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a report on Friday. Jefferies Financial Group lowered their price objective on shares of United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research note on Tuesday, April 1st. Susquehanna lowered their price target on shares of United Airlines from $130.00 to $90.00 and set a "positive" rating on the stock in a research report on Monday, April 7th. Bank of America cut their price objective on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. 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 research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.01.

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United Airlines Stock Performance

UAL stock traded up $1.31 during trading on Tuesday, reaching $67.00. 12,701,500 shares of the stock were exchanged, compared to its average volume of 7,977,233. The stock has a 50 day simple moving average of $82.35 and a 200-day simple moving average of $87.47. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a market capitalization of $21.93 billion, a P/E ratio of 7.10, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.01. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. As a group, sell-side 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.