Louisiana State Employees Retirement System Takes $817,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Louisiana State Employees Retirement System bought a new stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,800 shares of the transportation company’s stock, valued at approximately $817,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of UAL. NBC Securities Inc. bought a new position in shares of United Airlines during the 3rd quarter valued at approximately $25,000. Loomis Sayles & Co. L P boosted its holdings in United Airlines by 707.8% in the 3rd quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after buying an additional 545 shares during the period. Venturi Wealth Management LLC boosted its holdings in United Airlines by 72.1% in the 4th quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after buying an additional 274 shares during the period. Clear Street Markets LLC boosted its holdings in United Airlines by 116.8% in the 3rd quarter. Clear Street Markets LLC now owns 930 shares of the transportation company’s stock worth $39,000 after buying an additional 501 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in United Airlines by 1,000.0% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 1,100 shares of the transportation company’s stock worth $47,000 after buying an additional 1,000 shares during the period. 69.69% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. UBS Group assumed coverage on shares of United Airlines in a report on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 price objective for the company. Evercore ISI raised shares of United Airlines from an “in-line” rating to an “outperform” rating and raised their price objective for the stock from $58.00 to $65.00 in a report on Friday, February 9th. StockNews.com raised shares of United Airlines from a “sell” rating to a “hold” rating in a report on Wednesday. TD Cowen raised their price target on shares of United Airlines from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Redburn Atlantic downgraded shares of United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price target for the company. in a report on Tuesday, February 13th. Four investment analysts have rated the stock with a hold rating and ten have assigned 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 price target of $66.53.

Insider Activity

In other news, EVP Kate Gebo sold 15,000 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $50.86, for a total transaction of $762,900.00. Following the sale, the executive vice president now owns 57,512 shares in the company, valued at approximately $2,925,060.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.63% of the company’s stock.

United Airlines Stock Performance

United Airlines stock opened at $52.84 on Friday. The firm’s fifty day moving average price is $45.56 and its 200-day moving average price is $41.92. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.69 and a current ratio of 0.75. The stock has a market cap of $17.37 billion, a P/E ratio of 6.53, a price-to-earnings-growth ratio of 0.52 and a beta of 1.55. United Airlines Holdings, Inc. has a fifty-two week low of $33.68 and a fifty-two week high of $58.23.

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.