19,800 Shares in United Airlines Holdings, Inc. (NASDAQ:UAL) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,800 shares of the transportation company's stock, valued at approximately $817,000.

Several other institutional investors and hedge funds also recently made changes to their positions in UAL. U S Global Investors Inc. grew its stake in shares of United Airlines by 31.9% in the fourth quarter. U S Global Investors Inc. now owns 4,159,899 shares of the transportation company's stock worth $171,637,000 after acquiring an additional 1,005,170 shares during the period. Invesco Ltd. increased its position in United Airlines by 23.5% during the third quarter. Invesco Ltd. now owns 4,649,616 shares of the transportation company's stock valued at $196,679,000 after acquiring an additional 885,199 shares during the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of United Airlines by 1,993.1% in the third quarter. Los Angeles Capital Management LLC now owns 861,835 shares of the transportation company's stock worth $36,456,000 after purchasing an additional 820,660 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of United Airlines in the third quarter worth about $18,062,000. Finally, Todd Asset Management LLC purchased a new stake in United Airlines in the third quarter worth about $16,270,000. Institutional investors own 69.69% of the company's stock.

United Airlines Stock Performance

NASDAQ:UAL traded down $0.67 during midday trading on Friday, reaching $52.84. 6,905,764 shares of the company traded hands, compared to its average volume of 14,498,246. The company has a debt-to-equity ratio of 2.52, a current ratio of 0.75 and a quick ratio of 0.69. United Airlines Holdings, Inc. has a twelve month low of $33.68 and a twelve month high of $58.23. The company has a fifty day moving average price of $45.56 and a 200 day moving average price of $41.93. The firm has a market capitalization of $17.37 billion, a price-to-earnings ratio of 6.53, a price-to-earnings-growth ratio of 0.53 and a beta of 1.55.

Insider Activity

In other news, EVP Kate Gebo sold 15,000 shares of the business's stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the sale, the executive vice president now directly owns 57,512 shares of the company's stock, valued at $2,925,060.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.63% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Raymond James lifted their target price on shares of United Airlines from $66.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, April 18th. Redburn Atlantic cut shares of United Airlines from a "buy" rating to a "neutral" rating and set a $50.00 price target on the stock. in a research report on Tuesday, February 13th. Bank of America upped their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, April 18th. Evercore ISI upgraded shares of United Airlines from an "in-line" rating to an "outperform" rating and boosted their price target for the stock from $58.00 to $65.00 in a research note on Friday, February 9th. Finally, Susquehanna upped their target price on shares of United Airlines from $55.00 to $60.00 and gave the stock a "positive" rating in a research note on Thursday, April 18th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $66.53.

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.