Trexquant Investment LP grew its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 344,677 shares of the transportation company's stock after acquiring an additional 62,406 shares during the period. United Airlines comprises about 0.4% of Trexquant Investment LP's holdings, making the stock its 22nd biggest position. Trexquant Investment LP owned about 0.10% of United Airlines worth $33,468,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of United Airlines by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 36,547,863 shares of the transportation company's stock valued at $3,548,797,000 after purchasing an additional 369,500 shares in the last quarter. State Street Corp raised its position in shares of United Airlines by 0.8% during 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 during the last quarter. Geode Capital Management LLC lifted its stake in United Airlines by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock valued at $840,533,000 after buying an additional 243,535 shares in the last quarter. Boston Partners acquired a new stake in United Airlines during the 4th quarter valued at $323,508,000. Finally, Norges Bank purchased a new position in United Airlines during the fourth quarter worth $170,732,000. Hedge funds and other institutional investors own 69.69% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. Barclays set a $140.00 price objective on United Airlines and gave the company an "overweight" rating in a research note on Wednesday, March 12th. UBS Group decreased their price target on shares of United Airlines from $140.00 to $107.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. JPMorgan Chase & Co. boosted their price objective on shares of United Airlines from $108.00 to $133.00 and gave the company an "overweight" rating in a research report on Thursday, January 9th. Susquehanna restated a "hold" rating on shares of United Airlines in a research report on Tuesday, February 25th. Finally, Raymond James downgraded United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday. Three analysts have rated the stock with a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $111.08.
Read Our Latest Analysis on United Airlines
United Airlines Stock Down 15.6 %
NASDAQ UAL traded down $11.14 during trading hours on Thursday, hitting $60.23. The company had a trading volume of 16,673,188 shares, compared to its average volume of 7,792,090. 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 Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $116.00. The company has a market capitalization of $19.72 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 0.67 and a beta of 1.41. The firm's 50 day moving average is $91.18 and its 200 day moving average is $86.87.
United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. United Airlines's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the company posted $2.00 EPS. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.
United Airlines Company Profile
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Free Report)
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.
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