United Airlines Holdings Inc $UAL Shares Sold by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC reduced its holdings in United Airlines by 57.5%, selling 6,300 shares and ending the quarter with 4,654 shares valued at approximately $371,000.
• Insider transactions revealed that Director Barney Harford sold 9,000 shares for about $879,840, decreasing his ownership by 10.11%, while other directors also sold shares significantly, totaling 86,791 shares in sales worth over $8 million.
• Analysts have mixed ratings on United Airlines, with an updated price target range from $115 to $135, and a consensus "Buy" rating reflecting cautious optimism in the stock's future performance.

Concurrent Investment Advisors LLC lessened its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 57.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,654 shares of the transportation company's stock after selling 6,300 shares during the period. Concurrent Investment Advisors LLC's holdings in United Airlines were worth $371,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of UAL. Bank of New York Mellon Corp raised its position in shares of United Airlines by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 1,520,643 shares of the transportation company's stock worth $105,000,000 after purchasing an additional 16,477 shares during the period. Harel Insurance Investments & Financial Services Ltd. acquired a new position in United Airlines during the 1st quarter valued at approximately $15,089,000. Generate Investment Management Ltd bought a new position in United Airlines during the 1st quarter worth $10,773,000. Exchange Traded Concepts LLC increased its position in United Airlines by 132.9% in the first quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock worth $518,000 after buying an additional 4,281 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in United Airlines by 147.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,113 shares of the transportation company's stock worth $1,113,000 after buying an additional 9,604 shares during the period. Institutional investors own 69.69% of the company's stock.

Insider Transactions at United Airlines

In other news, Director Barney Harford sold 9,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total value of $879,840.00. Following the completion of the sale, the director owned 80,000 shares in the company, valued at $7,820,800. This represents a 10.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction dated Monday, July 28th. The stock was sold at an average price of $92.13, for a total value of $82,917.00. Following the transaction, the director directly owned 829 shares in the company, valued at approximately $76,375.77. The trade was a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 86,791 shares of company stock worth $8,147,918. Corporate insiders own 0.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on UAL shares. Evercore ISI boosted their price target on shares of United Airlines from $105.00 to $135.00 and gave the company an "outperform" rating in a report on Monday, September 29th. UBS Group cut their price objective on shares of United Airlines from $131.00 to $128.00 and set a "buy" rating on the stock in a research report on Friday. Barclays boosted their target price on shares of United Airlines from $115.00 to $135.00 and gave the company an "overweight" rating in a research note on Friday. Weiss Ratings lowered shares of United Airlines from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, October 8th. Finally, Susquehanna lifted their price target on United Airlines from $109.00 to $115.00 and gave the company a "positive" rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $124.69.

United Airlines Trading Up 1.0%

Shares of NASDAQ:UAL opened at $99.14 on Friday. The company has a 50 day moving average of $101.66 and a 200-day moving average of $86.04. The company has a current ratio of 0.67, a quick ratio of 0.65 and a debt-to-equity ratio of 1.45. The firm has a market cap of $32.09 billion, a P/E ratio of 9.93, a P/E/G ratio of 1.26 and a beta of 1.45. United Airlines Holdings Inc has a twelve month low of $52.00 and a twelve month high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The transportation company reported $2.78 EPS for the quarter, beating analysts' consensus estimates of $2.65 by $0.13. The business had revenue of $15.23 billion for the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a net margin of 5.64% and a return on equity of 26.94%. The business's revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the business earned $3.33 earnings per share. United Airlines has set its Q4 2025 guidance at 3.000-3.500 EPS. As a group, analysts anticipate 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.

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