Public Employees Retirement System of Ohio Has $14.72 Million Position in United Airlines Holdings Inc $UAL

Key Points

• The Public Employees Retirement System of Ohio increased its investment in United Airlines by 41.7%, holding a position worth $14.72 million after acquiring an additional 54,383 shares.
• Analysts have shown a positive outlook on United Airlines, with multiple firms raising their target prices, such as TD Cowen increasing it from $101 to $127.
• Insider activity included significant sales from company executives, with EVP Kate Gebo selling nearly 30,000 shares, reducing her position by 39.70%.

Public Employees Retirement System of Ohio lifted its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 41.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 184,822 shares of the transportation company's stock after buying an additional 54,383 shares during the period. Public Employees Retirement System of Ohio owned about 0.06% of United Airlines worth $14,717,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC acquired a new stake in shares of United Airlines in the 2nd quarter valued at $210,000. tru Independence LLC grew its holdings in shares of United Airlines by 2.4% in the 2nd quarter. tru Independence LLC now owns 59,100 shares of the transportation company's stock valued at $4,706,000 after buying an additional 1,370 shares during the period. Fifth Third Bancorp increased its stake in United Airlines by 10.1% during the 2nd quarter. Fifth Third Bancorp now owns 13,259 shares of the transportation company's stock worth $1,056,000 after purchasing an additional 1,212 shares in the last quarter. Foster Group Inc. increased its position in shares of United Airlines by 2.8% during the second quarter. Foster Group Inc. now owns 5,392 shares of the transportation company's stock worth $429,000 after acquiring an additional 148 shares in the last quarter. Finally, Chapin Davis Inc. lifted its holdings in shares of United Airlines by 60.0% in the second quarter. Chapin Davis Inc. now owns 6,400 shares of the transportation company's stock valued at $510,000 after purchasing an additional 2,400 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UAL has been the subject of several recent research reports. TD Cowen increased their target price on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a report on Monday, July 21st. Barclays reissued an "overweight" rating and issued a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a research report on Tuesday, July 15th. Bank of America upped their target price on shares of United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wall Street Zen cut United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Finally, JPMorgan Chase & Co. upped their price objective on United Airlines from $122.00 to $149.00 and gave the company an "overweight" rating in a research note on Friday, September 12th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $113.79.

Insider Activity

In related news, EVP Kate Gebo sold 29,953 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.59, for a total value of $2,923,113.27. Following the completion of the transaction, the executive vice president directly owned 45,496 shares of the company's stock, valued at approximately $4,439,954.64. This trade represents a 39.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Brett J. Hart sold 24,772 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the sale, the president directly owned 283,638 shares in the company, valued at $25,385,601. The trade was a 8.03% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,791 shares of company stock valued at $9,992,318. 0.71% of the stock is currently owned by corporate insiders.

United Airlines Stock Down 1.3%

Shares of United Airlines stock opened at $97.91 on Friday. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The stock's 50-day moving average is $99.05 and its 200 day moving average is $83.39. The firm has a market cap of $31.70 billion, a price-to-earnings ratio of 9.81, a PEG ratio of 1.29 and a beta of 1.47. United Airlines Holdings Inc has a one year low of $52.00 and a one year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion for the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.United Airlines's quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS 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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