Point72 Asia Singapore Pte. Ltd. Invests $3.31 Million in United Airlines Holdings, Inc. (NASDAQ:UAL)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 34,037 shares of the transportation company’s stock, valued at approximately $3,305,000. United Airlines comprises approximately 0.9% of Point72 Asia Singapore Pte. Ltd.’s portfolio, making the stock its 21st biggest position.

Other hedge funds have also bought and sold shares of the company. Sanders Capital LLC raised its stake in United Airlines by 46.4% in the fourth quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company’s stock valued at $1,344,671,000 after purchasing an additional 4,390,721 shares in the last quarter. Boston Partners bought a new position in United Airlines in the 4th quarter valued at about $323,508,000. FMR LLC raised its position in shares of United Airlines by 70.9% in the 4th quarter. FMR LLC now owns 7,268,775 shares of the transportation company’s stock valued at $705,798,000 after buying an additional 3,015,979 shares in the last quarter. Senator Investment Group LP lifted its holdings in shares of United Airlines by 214.8% during the 4th quarter. Senator Investment Group LP now owns 3,261,051 shares of the transportation company’s stock worth $316,648,000 after acquiring an additional 2,225,000 shares during the period. Finally, Capital World Investors boosted its position in shares of United Airlines by 22.4% during the 4th quarter. Capital World Investors now owns 9,788,405 shares of the transportation company’s stock worth $950,461,000 after acquiring an additional 1,791,654 shares in the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Trading Down 4.4%

Shares of UAL stock opened at $78.99 on Thursday. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The stock has a market cap of $25.80 billion, a price-to-earnings ratio of 8.38, a PEG ratio of 0.67 and a beta of 1.39. The stock has a 50-day moving average of $70.54 and a 200-day moving average of $88.14.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. The business had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. On average, equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Raymond James downgraded United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Cantor Fitzgerald set a $88.00 target price on United Airlines in a research report on Tuesday, April 22nd. Barclays dropped their target price on shares of United Airlines from $140.00 to $94.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Finally, Susquehanna lowered their price objective on shares of United Airlines from $90.00 to $81.00 and set a “positive” rating for the company in a research report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $98.31.

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.