California Public Employees Retirement System Reduces Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

California Public Employees Retirement System lowered its position in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 9.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 586,481 shares of the transportation company's stock after selling 58,249 shares during the quarter. California Public Employees Retirement System owned 0.18% of United Airlines worth $24,198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. JB Capital LLC bought a new stake in shares of United Airlines in the 4th quarter valued at about $201,000. NWI Management LP boosted its holdings in United Airlines by 69.6% in the third quarter. NWI Management LP now owns 195,000 shares of the transportation company's stock valued at $8,249,000 after acquiring an additional 80,000 shares during the last quarter. Duality Advisers LP bought a new stake in United Airlines in the fourth quarter valued at approximately $1,443,000. International Assets Investment Management LLC increased its position in United Airlines by 3,636.1% during the 4th quarter. International Assets Investment Management LLC now owns 82,231 shares of the transportation company's stock valued at $3,393,000 after purchasing an additional 80,030 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in United Airlines by 43.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company's stock worth $12,197,000 after purchasing an additional 89,106 shares during the last quarter. Institutional investors own 69.69% of the company's stock.

United Airlines Stock Up 0.2 %

UAL traded up $0.13 during midday trading on Monday, hitting $52.97. The company had a trading volume of 5,499,438 shares, compared to its average volume of 10,380,684. United Airlines Holdings, Inc. has a 52 week low of $33.68 and a 52 week high of $58.23. The company has a quick ratio of 0.69, a current ratio of 0.75 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $17.42 billion, a price-to-earnings ratio of 6.55, a PEG ratio of 0.53 and a beta of 1.55. The stock's 50 day moving average price is $45.56 and its 200 day moving average price is $41.94.

Analyst Ratings Changes

UAL has been the subject of several recent analyst reports. UBS Group started coverage on shares of United Airlines in a research report on Wednesday, March 20th. They set a "neutral" rating and a $47.00 price objective for the company. TD Cowen boosted their target price on shares of United Airlines from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Wednesday, January 24th. Bank of America boosted their target price on shares of United Airlines from $60.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, April 18th. Evercore ISI upgraded shares of United Airlines from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $58.00 to $65.00 in a report on Friday, February 9th. Finally, Raymond James boosted 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. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $66.53.

Insider Buying and Selling at United Airlines

In other news, EVP Kate Gebo sold 15,000 shares of the business's stock in a transaction dated Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the completion of the sale, the executive vice president now directly owns 57,512 shares of the company's stock, valued at $2,925,060.32. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.63% of the company's stock.

About United Airlines

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.