Retirement Systems of Alabama Sells 437,945 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Retirement Systems of Alabama trimmed its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 86.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 71,205 shares of the transportation company's stock after selling 437,945 shares during the quarter. Retirement Systems of Alabama's holdings in United Airlines were worth $6,914,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of UAL. Castle Hook Partners LP grew its stake in United Airlines by 176.1% during the third quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company's stock worth $242,227,000 after buying an additional 2,707,442 shares in the last quarter. Rubric Capital Management LP acquired a new stake in shares of United Airlines during the 3rd quarter worth approximately $63,486,000. Sanders Capital LLC raised its position in United Airlines by 12.4% during the third quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company's stock valued at $539,650,000 after purchasing an additional 1,040,589 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Airlines by 41.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company's stock valued at $177,604,000 after purchasing an additional 908,558 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of United Airlines by 1,492.8% in the 4th quarter. SG Americas Securities LLC now owns 912,019 shares of the transportation company's stock valued at $88,557,000 after purchasing an additional 854,759 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Trading Down 3.2 %

NASDAQ:UAL traded down $3.29 on Thursday, reaching $100.89. 11,300,230 shares of the stock traded hands, compared to its average volume of 6,492,691. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company's 50 day moving average is $102.29 and its 200-day moving average is $76.78. The firm has a market capitalization of $33.18 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 0.71 and a beta of 1.43.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. The company had revenue of $14.70 billion during the quarter, compared to analysts' expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.00 earnings per share. Equities research analysts anticipate that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. The Goldman Sachs Group reissued a "buy" rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Raymond James reissued an "outperform" rating and issued a $130.00 target price (up previously from $120.00) on shares of United Airlines in a report on Thursday, January 23rd. Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. increased their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research note on Thursday, January 9th. Finally, Citigroup boosted their target price on shares of United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $113.88.

Insider Activity

In other news, EVP Linda P. Jojo sold 60,000 shares of the company's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the transaction, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.63% of the stock is owned by company insiders.

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.