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

ExodusPoint Capital Management LP grew its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 128.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 325,364 shares of the transportation company’s stock after buying an additional 183,044 shares during the period. ExodusPoint Capital Management LP owned approximately 0.10% of United Airlines worth $17,853,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Solstein Capital LLC purchased a new position in United Airlines in the second quarter worth about $27,000. Nemes Rush Group LLC bought a new stake in shares of United Airlines in the second quarter worth approximately $27,000. Carmichael Hill & Associates Inc. bought a new stake in shares of United Airlines in the second quarter worth approximately $27,000. Newbridge Financial Services Group Inc. grew its stake in shares of United Airlines by 58.7% in the second quarter. Newbridge Financial Services Group Inc. now owns 595 shares of the transportation company’s stock worth $33,000 after acquiring an additional 220 shares during the period. Finally, Global Trust Asset Management LLC bought a new stake in shares of United Airlines in the second quarter worth approximately $33,000. 70.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UAL has been the subject of a number of research analyst reports. Raymond James reduced their price target on shares of United Airlines from $70.00 to $68.00 and set an “outperform” rating for the company in a research note on Thursday, October 19th. JPMorgan Chase & Co. lifted their price target on shares of United Airlines from $93.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, October 19th. Barclays reduced their price target on shares of United Airlines from $80.00 to $60.00 in a research note on Thursday, October 5th. Jefferies Financial Group cut their target price on shares of United Airlines from $65.00 to $48.00 and set a “hold” rating for the company in a research report on Friday, September 29th. Finally, StockNews.com began coverage on shares of United Airlines in a research report on Thursday, October 5th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $64.87.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $39.79 on Tuesday. 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 Holdings, Inc. has a 1-year low of $33.68 and a 1-year high of $58.23. The company has a market capitalization of $13.05 billion, a P/E ratio of 4.64, a P/E/G ratio of 0.09 and a beta of 1.49. The firm’s 50 day simple moving average is $39.74 and its two-hundred day simple moving average is $47.64.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Wednesday, October 18th. The transportation company reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.27. United Airlines had a net margin of 5.45% and a return on equity of 46.26%. The business had revenue of $14.50 billion for the quarter, compared to the consensus estimate of $14.43 billion. During the same quarter in the previous year, the firm earned $2.81 earnings per share. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. Research analysts expect that United Airlines Holdings, Inc. will post 9.75 EPS for the current fiscal year.

Insider Transactions at United Airlines

In related news, Director James A. C. Kennedy bought 4,500 shares of the stock in a transaction dated 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 completion of the acquisition, the director now owns 27,863 shares of the company’s stock, valued at $1,015,049.09. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

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, training, and maintenance services for third parties.