Concurrent Investment Advisors LLC Raises Stock Position in United Airlines Holdings Inc (NASDAQ:UAL)

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

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wahed Invest LLC lifted its position in United Airlines by 5.4% in the 4th quarter. Wahed Invest LLC now owns 2,106 shares of the transportation company's stock valued at $204,000 after acquiring an additional 108 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in United Airlines by 3.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,702 shares of the transportation company's stock valued at $359,000 after acquiring an additional 135 shares in the last quarter. Forum Financial Management LP lifted its position in United Airlines by 2.7% in the 4th quarter. Forum Financial Management LP now owns 5,723 shares of the transportation company's stock valued at $556,000 after acquiring an additional 148 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in United Airlines by 15.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,110 shares of the transportation company's stock valued at $77,000 after acquiring an additional 150 shares in the last quarter. Finally, Kendall Capital Management lifted its holdings in shares of United Airlines by 2.2% during the 1st quarter. Kendall Capital Management now owns 6,900 shares of the transportation company's stock valued at $476,000 after buying an additional 150 shares during the period. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

Shares of NASDAQ:UAL traded down $3.58 during midday trading on Friday, hitting $88.09. The company had a trading volume of 5,852,562 shares, compared to its average volume of 7,725,952. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72. The company has a market cap of $28.77 billion, a price-to-earnings ratio of 8.04, a PEG ratio of 1.33 and a beta of 1.42. United Airlines Holdings Inc has a 12-month low of $37.02 and a 12-month high of $116.00. The company has a fifty day moving average of $78.51 and a two-hundred day moving average of $84.46.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.75 by $0.16. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. The business had revenue of $13.21 billion during the quarter, compared to analyst estimates of $13.47 billion. On average, equities research analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on UAL. Raymond James Financial cut United Airlines from an "outperform" rating to a "market perform" rating in a report on Wednesday, April 2nd. Susquehanna lowered their price target on United Airlines from $90.00 to $81.00 and set a "positive" rating on the stock in a report on Thursday, April 17th. Barclays lowered their price target on United Airlines from $140.00 to $94.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. UBS Group lowered their price target on United Airlines from $105.00 to $103.00 and set a "buy" rating on the stock in a report on Monday. Finally, TD Cowen increased their price target on United Airlines from $73.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $104.50.

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.