Kentucky Retirement Systems Insurance Trust Fund Grows Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Kentucky Retirement Systems Insurance Trust Fund raised its stake in United Airlines Holdings, Inc. (NASDAQ:UAL – Get Rating) by 6.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,998 shares of the transportation company’s stock after buying an additional 582 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in United Airlines were worth $394,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Atwood & Palmer Inc. bought a new stake in shares of United Airlines in the 3rd quarter valued at about $26,000. Strategic Asset Management LLC bought a new stake in shares of United Airlines in the 3rd quarter valued at about $30,000. Hudock Inc. raised its holdings in shares of United Airlines by 33.9% in the 3rd quarter. Hudock Inc. now owns 790 shares of the transportation company’s stock valued at $37,000 after purchasing an additional 200 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of United Airlines by 159.6% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 893 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 549 shares in the last quarter. Finally, PSI Advisors LLC bought a new stake in shares of United Airlines in the 3rd quarter valued at about $49,000. 58.51% of the stock is owned by institutional investors.

NASDAQ UAL traded down $1.16 during mid-day trading on Monday, reaching $43.97. 12,602,548 shares of the stock were exchanged, compared to its average volume of 14,444,393. The business’s 50 day moving average is $43.02 and its 200-day moving average is $44.80. United Airlines Holdings, Inc. has a 1 year low of $30.54 and a 1 year high of $60.58. The company has a market capitalization of $14.27 billion, a P/E ratio of -7.11 and a beta of 1.40. The company has a debt-to-equity ratio of 6.08, a quick ratio of 1.14 and a current ratio of 1.19.

United Airlines (NASDAQ:UAL – Get Rating) last announced its quarterly earnings results on Wednesday, January 19th. The transportation company reported ($1.60) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($2.23) by $0.63. United Airlines had a negative net margin of 7.97% and a negative return on equity of 87.27%. The firm had revenue of $8.19 billion for the quarter, compared to the consensus estimate of $7.96 billion. During the same period in the prior year, the firm posted ($7.00) earnings per share. The firm’s quarterly revenue was up 140.1% compared to the same quarter last year. Equities analysts predict that United Airlines Holdings, Inc. will post -2.58 earnings per share for the current fiscal year.

Several research firms recently commented on UAL. BNP Paribas upgraded shares of United Airlines from an “underperform” rating to a “neutral” rating and set a $38.00 price objective for the company in a research note on Friday, March 18th. Susquehanna reduced their price objective on shares of United Airlines from $60.00 to $55.00 in a research note on Friday, January 21st. Susquehanna Bancshares reduced their price objective on shares of United Airlines from $60.00 to $55.00 in a research note on Friday, January 21st. Exane BNP Paribas upgraded shares of United Airlines from an “underperform” rating to a “neutral” rating in a research note on Friday, March 18th. Finally, Barclays reduced their price objective on shares of United Airlines from $52.00 to $50.00 in a research note on Thursday, April 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, United Airlines presently has a consensus rating of “Hold” and an average price target of $57.40.

About United Airlines (Get Rating)

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, training, and maintenance services for third parties.

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