Concentric Capital Strategies LP Has $1.89 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Concentric Capital Strategies LP decreased its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 88.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,497 shares of the transportation company's stock after selling 143,036 shares during the quarter. Concentric Capital Strategies LP's holdings in United Airlines were worth $1,893,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bank of Jackson Hole Trust bought a new position in United Airlines during the 4th quarter valued at $25,000. Hemington Wealth Management lifted its position in shares of United Airlines by 70.8% during the fourth quarter. Hemington Wealth Management now owns 316 shares of the transportation company's stock worth $30,000 after purchasing an additional 131 shares during the last quarter. Roxbury Financial LLC acquired a new position in United Airlines in the fourth quarter worth about $32,000. Whipplewood Advisors LLC bought a new stake in United Airlines in the fourth quarter valued at about $32,000. Finally, Bell Investment Advisors Inc raised its stake in United Airlines by 60.3% during the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company's stock valued at $35,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on UAL. UBS Group lifted their target price on United Airlines from $59.00 to $67.00 and gave the company a "neutral" rating in a research note on Thursday, April 17th. Morgan Stanley upped their price objective on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Evercore ISI cut their target price on United Airlines from $145.00 to $100.00 and set an "outperform" rating on the stock in a research note on Friday, April 11th. Cantor Fitzgerald set a $88.00 price target on shares of United Airlines in a research report on Tuesday, April 22nd. Finally, TD Cowen lifted their price objective on shares of United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a research report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $96.60.

United Airlines Trading Down 2.7 %

United Airlines stock traded down $2.14 during midday trading on Friday, reaching $77.27. The stock had a trading volume of 9,055,754 shares, compared to its average volume of 7,557,424. The firm's fifty day simple moving average is $70.94 and its two-hundred day simple moving average is $88.02. 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 twelve month low of $37.02 and a twelve month high of $116.00. The firm has a market cap of $25.24 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 0.67 and a beta of 1.39.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. Equities analysts anticipate that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

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.