New York State Common Retirement Fund Sells 28,494 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

New York State Common Retirement Fund trimmed its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 209,060 shares of the transportation company's stock after selling 28,494 shares during the period. New York State Common Retirement Fund owned 0.06% of United Airlines worth $8,626,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. JB Capital LLC bought a new position in shares of United Airlines during the fourth quarter worth approximately $201,000. NWI Management LP increased its stake in shares of United Airlines by 69.6% during the third quarter. NWI Management LP now owns 195,000 shares of the transportation company's stock worth $8,249,000 after purchasing an additional 80,000 shares during the period. Duality Advisers LP bought a new position in shares of United Airlines during the fourth quarter worth approximately $1,443,000. International Assets Investment Management LLC increased its stake 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 worth $3,393,000 after acquiring an additional 80,030 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake 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 acquiring an additional 89,106 shares during the period. 69.69% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Kate Gebo sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total value of $762,900.00. Following the transaction, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.63% of the company's stock.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of recent research reports. Bank of America raised their price objective on United Airlines from $60.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, April 18th. Susquehanna raised their target price on United Airlines from $55.00 to $60.00 and gave the company a "positive" rating in a report on Thursday, April 18th. Morgan Stanley raised their target price on United Airlines from $75.00 to $80.00 and gave the company an "overweight" rating in a report on Thursday, April 18th. StockNews.com raised United Airlines from a "sell" rating to a "hold" rating in a report on Wednesday, April 24th. Finally, Evercore ISI raised United Airlines from an "in-line" rating to an "outperform" rating and raised their target price for the company from $58.00 to $65.00 in a report on Friday, February 9th. Four research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $66.53.

United Airlines Stock Down 0.1 %

United Airlines stock traded down $0.03 during midday trading on Friday, reaching $51.65. The stock had a trading volume of 7,313,588 shares, compared to its average volume of 10,267,820. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $58.23. The company has a market capitalization of $16.98 billion, a P/E ratio of 6.38, a PEG ratio of 0.50 and a beta of 1.49. The company has a fifty day moving average price of $46.20 and a two-hundred day moving average price of $42.25. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52.

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.