Concurrent Investment Advisors LLC Has $273,000 Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Concurrent Investment Advisors LLC reduced its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 33.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,810 shares of the transportation company’s stock after selling 1,397 shares during the period. Concurrent Investment Advisors LLC’s holdings in United Airlines were worth $273,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UAL. State Street Corp raised its stake in United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after purchasing an additional 908,558 shares in the last quarter. MidWestOne Financial Group Inc. lifted its holdings in United Airlines by 28.0% during the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after purchasing an additional 11,743 shares during the last quarter. KBC Group NV acquired a new position in United Airlines in the fourth quarter valued at about $485,000. Finally, Aigen Investment Management LP grew its stake in United Airlines by 87.2% during the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock worth $1,079,000 after buying an additional 8,808 shares during the last quarter. Institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Melius Research upgraded shares of United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Susquehanna reiterated a “hold” rating on shares of United Airlines in a research report on Tuesday. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Barclays raised their target price on United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, UBS Group upped their price target on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $113.88.

United Airlines Stock Down 1.2 %

Shares of UAL opened at $96.58 on Wednesday. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12 month low of $37.02 and a 12 month high of $116.00. The firm’s 50 day moving average is $103.02 and its 200-day moving average is $80.79. The stock has a market capitalization of $31.76 billion, a PE ratio of 10.24, a P/E/G ratio of 0.67 and a beta of 1.43.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share for the quarter, topping the consensus estimate of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. United Airlines’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.00 earnings per share. Equities research analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current 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.