Trexquant Investment LP Boosts Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Trexquant Investment LP lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 22.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 344,677 shares of the transportation company’s stock after purchasing an additional 62,406 shares during the period. United Airlines comprises approximately 0.4% of Trexquant Investment LP’s portfolio, making the stock its 22nd biggest holding. Trexquant Investment LP’s holdings in United Airlines were worth $33,468,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of UAL. Vanguard Group Inc. lifted its stake in United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company’s stock worth $3,548,797,000 after acquiring an additional 369,500 shares during the period. State Street Corp boosted its position in shares of United Airlines by 0.8% in 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 in the last quarter. Geode Capital Management LLC grew its stake in shares of United Airlines by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company’s stock worth $840,533,000 after acquiring an additional 243,535 shares during the last quarter. Boston Partners purchased a new stake in United Airlines during the 4th quarter valued at about $323,508,000. Finally, Norges Bank bought a new stake in shares of United Airlines during the fourth quarter valued at approximately $170,732,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on UAL shares. UBS Group reduced their price objective on United Airlines from $140.00 to $107.00 and set a “buy” rating for the company in a report on Thursday, March 20th. Barclays set a $140.00 price target on United Airlines and gave the company an “overweight” rating in a report on Wednesday, March 12th. Bank of America decreased their price objective on shares of United Airlines from $125.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, March 12th. TD Cowen lifted their price target on shares of United Airlines from $142.00 to $165.00 and gave the company a “buy” rating in a report on Friday, January 24th. Finally, Susquehanna restated a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $112.75.

United Airlines Trading Down 1.7 %

Shares of United Airlines stock opened at $69.05 on Tuesday. The company has a market cap of $22.60 billion, a P/E ratio of 7.32, a price-to-earnings-growth ratio of 0.67 and a beta of 1.41. The firm has a 50-day simple moving average of $92.76 and a two-hundred day simple moving average of $86.85. 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 Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, beating the consensus estimate of $2.96 by $0.30. The firm had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.00 earnings per share. As a group, equities analysts predict that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

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.