ExodusPoint Capital Management LP Grows Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

ExodusPoint Capital Management LP raised its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 128.6% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 325,364 shares of the transportation company’s stock after buying an additional 183,044 shares during the period. ExodusPoint Capital Management LP’s holdings in United Airlines were worth $17,853,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Solstein Capital LLC purchased a new position in shares of United Airlines in the 2nd quarter valued at approximately $27,000. Nemes Rush Group LLC purchased a new position in shares of United Airlines in the 2nd quarter valued at approximately $27,000. Carmichael Hill & Associates Inc. purchased a new position in shares of United Airlines in the 2nd quarter valued at approximately $27,000. Clear Street Markets LLC raised its position in shares of United Airlines by 101.8% in the 1st quarter. Clear Street Markets LLC now owns 642 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 36,811 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in shares of United Airlines in the 2nd quarter valued at approximately $33,000. 70.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at United Airlines

In related news, Director James A. C. Kennedy purchased 4,500 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The shares were purchased at an average price of $36.43 per share, with a total value of $163,935.00. Following the purchase, the director now owns 27,863 shares of the company’s stock, valued at $1,015,049.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on UAL. Redburn Partners raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Monday, August 7th. Evercore ISI decreased their price objective on shares of United Airlines from $65.00 to $58.00 and set an “in-line” rating for the company in a research report on Monday, August 28th. StockNews.com began coverage on shares of United Airlines in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Raymond James cut their price target on shares of United Airlines from $70.00 to $68.00 and set an “outperform” rating on the stock in a report on Thursday, October 19th. Finally, JPMorgan Chase & Co. increased their price target on shares of United Airlines from $93.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, October 19th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $64.87.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $39.79 on Tuesday. The stock has a market capitalization of $13.05 billion, a price-to-earnings ratio of 4.64, a PEG ratio of 0.09 and a beta of 1.49. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $58.23. The firm’s 50 day simple moving average is $39.74 and its 200-day simple moving average is $47.64. The company has a debt-to-equity ratio of 2.94, a current ratio of 0.89 and a quick ratio of 0.82.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data on Wednesday, October 18th. The transportation company reported $3.65 EPS for the quarter, topping analysts’ consensus estimates of $3.38 by $0.27. The business had revenue of $14.50 billion for the quarter, compared to analysts’ expectations of $14.43 billion. United Airlines had a net margin of 5.45% and a return on equity of 46.26%. The business’s revenue was up 12.6% on a year-over-year basis. During the same quarter last year, the company earned $2.81 EPS. Analysts expect that United Airlines Holdings, Inc. will post 9.75 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, training, and maintenance services for third parties.