California State Teachers Retirement System Has $1.81 Billion Position in United Airlines Holdings Inc $UAL

California State Teachers Retirement System grew its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 12,137.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,326,068 shares of the transportation company's stock after buying an additional 13,217,168 shares during the period. California State Teachers Retirement System owned 4.11% of United Airlines worth $1,812,212,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Primecap Management Co. CA acquired a new position in shares of United Airlines in the 2nd quarter worth approximately $2,238,617,000. Norges Bank acquired a new stake in United Airlines during the 4th quarter worth about $234,244,000. Deutsche Bank AG acquired a new stake in United Airlines during the 2nd quarter worth about $178,571,000. Bank of New York Mellon Corp bought a new position in shares of United Airlines in the 2nd quarter worth about $178,508,000. Finally, Bank of America Corp DE bought a new position in shares of United Airlines in the 2nd quarter worth about $153,537,000. 69.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on UAL. Bank of America upped their target price on United Airlines from $145.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Wells Fargo & Company lifted their target price on United Airlines from $130.00 to $165.00 and gave the stock an "overweight" rating in a report on Tuesday, June 30th. Zacks Research raised United Airlines from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 11th. Weiss Ratings restated a "hold (c+)" rating on shares of United Airlines in a report on Friday, July 17th. Finally, BMO Capital Markets raised their price objective on shares of United Airlines from $130.00 to $157.50 and gave the stock an "outperform" rating in a research report on Thursday, July 2nd. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, United Airlines currently has an average rating of "Moderate Buy" and a consensus price target of $155.91.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $109.82 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. The stock's fifty day simple moving average is $118.95 and its two-hundred day simple moving average is $108.37. United Airlines Holdings Inc has a 1-year low of $84.64 and a 1-year high of $138.77. The stock has a market cap of $35.65 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 0.86 and a beta of 1.27.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.11. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The firm had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.62 billion. During the same quarter in the prior year, the business posted $3.87 EPS. The business's revenue was up 16.4% compared to the same quarter last year. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, analysts forecast that United Airlines Holdings Inc will post 9.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Andrew P. Nocella sold 5,000 shares of the firm's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total transaction of $585,000.00. Following the completion of the sale, the executive vice president directly owned 214,955 shares of the company's stock, valued at $25,149,735. This trade represents a 2.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction on Friday, July 24th. The stock was sold at an average price of $119.91, for a total value of $2,398,200.00. Following the sale, the executive vice president owned 114,800 shares in the company, valued at $13,765,668. The trade was a 14.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders have sold 271,010 shares of company stock valued at $32,317,909. 0.86% of the stock is owned by insiders.

About United Airlines

United Airlines Holdings, Inc NASDAQ: UAL is the parent company of United Airlines, Inc, a major U.S. airline headquartered in Chicago, Illinois. United provides scheduled air transportation for passengers and cargo, serving destinations across the United States and connecting North America with international markets throughout Latin America, Europe, Asia, Africa and the Middle East.

The company operates a broad network through hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC Its services include economy, premium-economy and business-class travel, as well as air cargo transportation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.