United Airlines Holdings, Inc. (NASDAQ:UAL) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lessened its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 5.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 114,159 shares of the transportation company's stock after selling 6,741 shares during the period. Public Employees Retirement System of Ohio's holdings in United Airlines were worth $11,085,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

UAL has been the subject of a number of recent research reports. Bank of America reduced their target price on shares of United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a report on Thursday, April 3rd. Cowen reiterated a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of United Airlines in a research report on Tuesday, May 13th. Jefferies Financial Group reduced their price target on United Airlines from $154.00 to $80.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Finally, Cantor Fitzgerald set a $88.00 target price on United Airlines in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $102.33.

United Airlines Price Performance

Shares of NASDAQ:UAL traded down $0.68 during trading on Wednesday, reaching $77.50. 3,878,678 shares of the company's stock traded hands, compared to its average volume of 7,635,999. The company has a 50-day simple moving average of $71.00 and a 200-day simple moving average of $87.89. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The firm has a market cap of $25.31 billion, a PE ratio of 8.22, a P/E/G ratio of 0.67 and a beta of 1.39. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

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

United Airlines Company 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.