Teacher Retirement System of Texas Makes New Investment in United Airlines Holdings Inc (NASDAQ:UAL)

Teacher Retirement System of Texas bought a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 17,097 shares of the transportation company’s stock, valued at approximately $1,181,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UAL. Capital A Wealth Management LLC bought a new stake in shares of United Airlines in the 4th quarter valued at about $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Airlines in the 4th quarter valued at about $36,000. CENTRAL TRUST Co boosted its holdings in shares of United Airlines by 57.2% in the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company’s stock valued at $56,000 after buying an additional 297 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of United Airlines in the 4th quarter valued at about $58,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of United Airlines in the 1st quarter valued at about $69,000. 69.69% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on UAL shares. Barclays lowered their price target on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Raymond James Financial cut shares of United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. Wall Street Zen lowered shares of United Airlines from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 7th. Susquehanna decreased their price objective on shares of United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Finally, UBS Group decreased their price objective on shares of United Airlines from $105.00 to $103.00 and set a “buy” rating for the company in a research report on Monday, July 7th. One equities research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $104.50.

United Airlines Stock Performance

UAL opened at $87.69 on Friday. United Airlines Holdings Inc has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.93. The firm has a market capitalization of $28.64 billion, a PE ratio of 7.99, a P/E/G ratio of 1.47 and a beta of 1.42. The firm has a 50 day moving average of $78.78 and a two-hundred day moving average of $84.25.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.16. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. The company had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. On average, analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current year.

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.