New Mexico Educational Retirement Board Has $1.52 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

New Mexico Educational Retirement Board lessened its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,700 shares of the transportation company’s stock after selling 400 shares during the quarter. New Mexico Educational Retirement Board’s holdings in United Airlines were worth $1,524,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in shares of United Airlines by 0.8% during the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after purchasing an additional 78,470 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after purchasing an additional 908,558 shares during the last quarter. MidWestOne Financial Group Inc. increased its stake in shares of United Airlines by 28.0% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock worth $3,064,000 after purchasing an additional 11,743 shares during the last quarter. KBC Group NV acquired a new position in shares of United Airlines during the 4th quarter worth $485,000. Finally, Aigen Investment Management LP increased its stake in shares of United Airlines by 87.2% during the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after purchasing an additional 8,808 shares during the last quarter. Institutional investors and hedge funds own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. TD Cowen increased their price target on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a research note on Friday, January 24th. Morgan Stanley upped their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Jefferies Financial Group upped their price objective on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, October 21st. UBS Group upped their price objective on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Melius Research raised shares of United Airlines to a “strong-buy” rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $113.88.

United Airlines Price Performance

NASDAQ:UAL opened at $104.26 on Monday. The company has a 50-day moving average of $102.34 and a 200-day moving average of $77.56. The company has a market capitalization of $34.29 billion, a price-to-earnings ratio of 11.06, a PEG ratio of 0.71 and a beta of 1.43. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

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

Insider Transactions at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the 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 completion of the sale, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.63% of the stock is owned by 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.