Retirement Systems of Alabama Sells 1,876 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Retirement Systems of Alabama lowered its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.5% in the fourth quarter, Holdings Channel reports. The fund owned 72,283 shares of the transportation company’s stock after selling 1,876 shares during the quarter. Retirement Systems of Alabama’s holdings in United Airlines were worth $2,982,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. JB Capital LLC bought a new position in United Airlines in the fourth quarter valued at about $201,000. NWI Management LP raised its holdings in United Airlines by 69.6% in the 3rd quarter. NWI Management LP now owns 195,000 shares of the transportation company’s stock valued at $8,249,000 after buying an additional 80,000 shares during the last quarter. Duality Advisers LP acquired a new stake in United Airlines during the 4th quarter worth approximately $1,443,000. International Assets Investment Management LLC grew its holdings 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 last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in United Airlines by 43.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 295,615 shares of the transportation company’s stock valued at $12,197,000 after acquiring an additional 89,106 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Bank of America boosted their price objective on shares of United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. StockNews.com upgraded United Airlines from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. Redburn Atlantic cut United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Tuesday, February 13th. Evercore ISI upgraded shares of United Airlines from an “in-line” rating to an “outperform” rating and boosted their price target for the stock from $58.00 to $65.00 in a research report on Friday, February 9th. Finally, Morgan Stanley increased their price objective on shares of United Airlines from $75.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, April 18th. Four equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.53.

United Airlines Stock Down 2.4 %

Shares of NASDAQ:UAL opened at $52.69 on Wednesday. The stock has a market cap of $17.32 billion, a price-to-earnings ratio of 6.51, a PEG ratio of 0.51 and a beta of 1.49. The business’s 50 day moving average is $46.66 and its 200 day moving average is $42.64. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month 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.

Insider Activity

In related news, EVP Kate Gebo sold 15,000 shares of United Airlines stock in a transaction on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the sale, the executive vice president now directly owns 57,512 shares in the company, valued at $2,925,060.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.63% of the stock is currently owned by corporate insiders.

United Airlines Company 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.