New York Life Investment Management LLC Decreases Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

New York Life Investment Management LLC reduced its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 45,596 shares of the transportation company’s stock after selling 331 shares during the period. New York Life Investment Management LLC’s holdings in United Airlines were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. NBC Securities Inc. bought a new position in United Airlines in the third quarter worth approximately $25,000. Loomis Sayles & Co. L P lifted its position in shares of United Airlines by 707.8% during the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock valued at $26,000 after buying an additional 545 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of United Airlines by 72.1% during the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock valued at $27,000 after acquiring an additional 274 shares during the period. Wetzel Investment Advisors Inc. purchased a new stake in United Airlines in the 4th quarter worth approximately $27,000. Finally, Clear Street Markets LLC raised its stake in United Airlines by 116.8% during the 3rd quarter. Clear Street Markets LLC now owns 930 shares of the transportation company’s stock worth $39,000 after acquiring an additional 501 shares during the period. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

United Airlines stock opened at $53.97 on Tuesday. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $58.23. The company has a market capitalization of $17.75 billion, a PE ratio of 6.67, a P/E/G ratio of 0.51 and a beta of 1.49. The company has a 50 day moving average price of $46.50 and a 200-day moving average price of $42.52. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75.

Wall Street Analysts Forecast Growth

UAL has been the subject of a number of analyst reports. UBS Group started coverage on shares of United Airlines in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 price objective for the company. Susquehanna raised their price target on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a report on Thursday, April 18th. Bank of America upped 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. Morgan Stanley lifted their target price on United Airlines from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Finally, Redburn Atlantic downgraded shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price objective for the company. in a report on Tuesday, February 13th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines presently has an average rating of “Moderate Buy” and an average target price of $66.53.

Insiders Place Their Bets

In other United Airlines news, EVP Kate Gebo sold 15,000 shares of the 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 transaction, the executive vice president now directly owns 57,512 shares in the company, valued at approximately $2,925,060.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.63% of the company’s stock.

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.