ExodusPoint Capital Management LP Has $10.09 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

ExodusPoint Capital Management LP grew its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 23.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 103,933 shares of the transportation company’s stock after acquiring an additional 19,933 shares during the period. ExodusPoint Capital Management LP’s holdings in United Airlines were worth $10,092,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bank of Jackson Hole Trust acquired a new stake in United Airlines during the fourth quarter valued at $25,000. Hemington Wealth Management raised its stake in shares of United Airlines by 70.8% during the 4th quarter. Hemington Wealth Management now owns 316 shares of the transportation company’s stock worth $30,000 after purchasing an additional 131 shares in the last quarter. Roxbury Financial LLC acquired a new stake in shares of United Airlines during the 4th quarter valued at about $32,000. Whipplewood Advisors LLC bought a new stake in shares of United Airlines in the 4th quarter valued at approximately $32,000. Finally, Bell Investment Advisors Inc increased its holdings in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after buying an additional 135 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UAL has been the subject of several recent research reports. UBS Group decreased their target price on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a research report on Thursday, March 20th. Bank of America lowered their price objective on United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday. Raymond James downgraded United Airlines from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Barclays set a $140.00 price target on United Airlines and gave the company an “overweight” rating in a report on Wednesday, March 12th. Finally, Morgan Stanley boosted their price objective on shares of United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Three research analysts have rated the stock with a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $111.08.

United Airlines Trading Down 4.3 %

Shares of United Airlines stock opened at $57.67 on Friday. The company’s fifty day moving average price is $89.38 and its two-hundred day moving average price is $86.73. The firm has a market capitalization of $18.88 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. 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 current ratio of 0.81 and a quick ratio of 0.74.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.00 earnings per share. On average, analysts expect that United Airlines Holdings, Inc. will post 12.96 EPS for the current year.

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.