Trexquant Investment LP Acquires 57,349 Shares of United Airlines Holdings Inc $UAL

Key Points

• Trexquant Investment LP increased its stake in United Airlines by 16.6% during the first quarter, bringing its total ownership to approximately 402,026 shares worth around $27.76 million.
• United Airlines reported earnings per share of $3.87, exceeding analysts' expectations, although its revenue for the quarter was slightly below forecasts at $15.24 billion.
• Several analysts have recently raised their price targets for United Airlines, with UBS Group and TD Cowen setting their targets to $114 and $127 respectively, indicating a generally positive outlook for the company's stock.

Trexquant Investment LP increased its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 16.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 402,026 shares of the transportation company's stock after buying an additional 57,349 shares during the quarter. Trexquant Investment LP owned 0.12% of United Airlines worth $27,760,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of UAL. Vanguard Group Inc. grew its stake in United Airlines by 1.1% in the first quarter. Vanguard Group Inc. now owns 36,961,616 shares of the transportation company's stock valued at $2,552,200,000 after purchasing an additional 413,753 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in United Airlines by 2.1% in the first quarter. Dimensional Fund Advisors LP now owns 6,010,293 shares of the transportation company's stock valued at $415,011,000 after purchasing an additional 125,284 shares in the last quarter. Pacer Advisors Inc. grew its stake in United Airlines by 10,777.6% in the first quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after purchasing an additional 5,021,511 shares in the last quarter. Invesco Ltd. grew its stake in United Airlines by 26.1% in the first quarter. Invesco Ltd. now owns 4,661,186 shares of the transportation company's stock valued at $321,855,000 after purchasing an additional 964,388 shares in the last quarter. Finally, Castle Hook Partners LP grew its stake in United Airlines by 3.6% in the fourth quarter. Castle Hook Partners LP now owns 4,396,016 shares of the transportation company's stock valued at $426,853,000 after purchasing an additional 150,896 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UAL shares. Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. UBS Group raised their price target on United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Bank of America raised their price target on United Airlines from $90.00 to $108.00 and gave the company a "buy" rating in a research note on Friday, July 18th. TD Cowen raised their price target on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, Susquehanna lifted their target price on United Airlines from $81.00 to $109.00 and gave the stock a "positive" rating in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, United Airlines currently has a consensus rating of "Buy" and an average target price of $111.43.

United Airlines Stock Performance

NASDAQ:UAL traded down $0.08 during mid-day trading on Friday, hitting $105.00. 2,865,826 shares of the stock were exchanged, compared to its average volume of 4,808,765. The stock has a market capitalization of $33.99 billion, a price-to-earnings ratio of 10.52, a price-to-earnings-growth ratio of 1.36 and a beta of 1.48. The firm's 50-day simple moving average is $90.36 and its 200 day simple moving average is $81.81. The company has a debt-to-equity ratio of 1.56, a quick ratio of 0.65 and a current ratio of 0.70. United Airlines Holdings Inc has a fifty-two week low of $41.63 and a fifty-two week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping the consensus estimate of $3.81 by $0.06. The business had revenue of $15.24 billion during the quarter, compared to analysts' expectations of $15.31 billion. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, equities analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Insider Transactions at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the transaction, the executive vice president directly owned 62,358 shares of the company's stock, valued at $5,750,654.76. The trade was a 24.28% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the transaction, the president directly owned 283,638 shares of the company's stock, valued at $25,385,601. This represents a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 106,791 shares of company stock worth $9,992,318. Corporate insiders own 0.71% 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, flight academy, and maintenance services for third parties.