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

Concentric Capital Strategies LP lowered its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 88.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of UAL. CoreCap Advisors LLC boosted its position in shares of United Airlines by 1,530.4% in the 4th quarter. CoreCap Advisors LLC now owns 5,038 shares of the transportation company's stock valued at $489,000 after purchasing an additional 4,729 shares during the period. Crestline Management LP acquired a new position in shares of United Airlines in the 4th quarter valued at $291,000. Castle Hook Partners LP boosted its position in shares of United Airlines by 3.6% in the 4th 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 during the period. Cetera Investment Advisers boosted its position in shares of United Airlines by 6.5% in the 4th quarter. Cetera Investment Advisers now owns 41,298 shares of the transportation company's stock valued at $4,010,000 after purchasing an additional 2,521 shares during the period. Finally, Centiva Capital LP acquired a new position in shares of United Airlines in the 4th quarter valued at $2,464,000. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on UAL shares. Raymond James lowered United Airlines from an "outperform" rating to a "market perform" rating in a research report on Wednesday, April 2nd. Morgan Stanley raised their price target on United Airlines from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. Cowen reaffirmed a "buy" rating on shares of United Airlines in a research note on Tuesday, April 22nd. UBS Group raised their price target on United Airlines from $59.00 to $67.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Finally, Cantor Fitzgerald set a $88.00 price target on United Airlines in a research note on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of $96.60.

United Airlines Stock Performance

NASDAQ UAL traded up $2.98 during trading on Tuesday, hitting $81.60. The company's stock had a trading volume of 4,574,137 shares, compared to its average volume of 7,564,261. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. The firm has a 50 day moving average price of $70.69 and a 200 day moving average price of $88.24. The firm has a market cap of $26.65 billion, a P/E ratio of 8.65, a price-to-earnings-growth ratio of 0.67 and a beta of 1.39. United Airlines Holdings, Inc. has a 52 week low of $37.02 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The company had revenue of $13.21 billion for the quarter, compared to the consensus estimate of $13.47 billion. Equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 earnings per share 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.