Concurrent Investment Advisors LLC Has $756,000 Position in United Airlines Holdings Inc (NASDAQ:UAL)

Concurrent Investment Advisors LLC raised its stake in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 289.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,954 shares of the transportation company's stock after acquiring an additional 8,144 shares during the quarter. Concurrent Investment Advisors LLC's holdings in United Airlines were worth $756,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake 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 buying an additional 369,500 shares during the period. Capital International Investors lifted its position in shares of United Airlines by 6.3% during the 4th quarter. Capital International Investors now owns 21,261,443 shares of the transportation company's stock valued at $2,064,825,000 after acquiring an additional 1,257,443 shares during the period. Sanders Capital LLC grew its holdings in shares of United Airlines by 46.4% during the 4th quarter. Sanders Capital LLC now owns 13,848,308 shares of the transportation company's stock worth $1,344,671,000 after purchasing an additional 4,390,721 shares in the last quarter. Capital World Investors increased its position in shares of United Airlines by 22.4% in the fourth quarter. Capital World Investors now owns 9,788,405 shares of the transportation company's stock worth $950,461,000 after purchasing an additional 1,791,654 shares during the period. Finally, Geode Capital Management LLC raised its stake in United Airlines by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 8,554,755 shares of the transportation company's stock valued at $840,533,000 after purchasing an additional 243,535 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Cantor Fitzgerald set a $88.00 target price on shares of United Airlines in a report on Tuesday, April 22nd. 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 note on Tuesday, April 22nd. Susquehanna cut their target price on United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a research note on Thursday, April 17th. Evercore ISI decreased their price target 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. Finally, Bank of America dropped their price objective on United Airlines from $110.00 to $100.00 and set a "buy" rating for the company in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $104.50.

United Airlines Trading Up 14.3%

NASDAQ UAL traded up $11.49 during trading hours on Thursday, reaching $91.67. The company's stock had a trading volume of 20,736,788 shares, compared to its average volume of 7,731,106. The firm has a fifty day simple moving average of $78.06 and a 200-day simple moving average of $84.51. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72. United Airlines Holdings Inc has a 52 week low of $37.02 and a 52 week high of $116.00. The stock has a market cap of $29.94 billion, a P/E ratio of 8.36, a P/E/G ratio of 1.37 and a beta of 1.42.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.16. The company had revenue of $13.21 billion for the quarter, compared to analysts' expectations of $13.47 billion. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. Equities analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

About United Airlines

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.