Signaturefd LLC trimmed its holdings in Southwest Airlines Co. (NYSE: LUV – Get Rating) by 15.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 6,601 shares of the airline’s stock after selling 1,195 shares during the quarter. Signaturefd LLC’s holdings in Southwest Airlines were worth $ 302,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in the business. Atticus Wealth Management LLC lifted its holdings in shares of Southwest Airlines by 78.9% in the 1st quarter. Atticus Wealth Management LLC now owns 567 shares of the airline’s stock worth $ 26,000 after acquiring an additional 250 shares during the last quarter. MCIA Inc lifted its holdings in shares of Southwest Airlines by 5.7% in the 1st quarter. MCIA Inc now owns 4,693 shares of the airline’s stock worth $ 200,000 after acquiring an additional 253 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Southwest Airlines by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 37,400 shares of the airline’s stock worth $ 1,770,000 after acquiring an additional 300 shares during the last quarter. Triton Wealth Management PLLC lifted its holdings in shares of Southwest Airlines by 2.1% in the 4th quarter. Triton Wealth Management PLLC now owns 16,764 shares of the airline’s stock worth $ 731,000 after acquiring an additional 340 shares during the last quarter. Finally, We Are One Seven LLC lifted its holdings in shares of Southwest Airlines by 2.0% in the 4th quarter. We Are One Seven LLC now owns 17,477 shares of the airline’s stock worth $ 749,000 after acquiring an additional 346 shares during the last quarter. 76.74% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have recently weighed in on LUV. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $ 60.00 price objective on shares of Southwest Airlines in a report on Friday, April 29th. Susquehanna upgraded shares of Southwest Airlines from a “neutral” rating to a “positive” rating and set a $ 45.00 price target for the company in a report on Tuesday, July 12th. Morgan Stanley upped their price target on shares of Southwest Airlines from $ 65.00 to $ 67.00 and gave the company an “overweight” rating in a report on Monday, April 4th. StockNews.com assumed coverage on shares of Southwest Airlines in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Susquehanna Bancshares upgraded shares of Southwest Airlines from a “neutral” rating to a “positive” rating and set a $ 45.00 price target for the company in a report on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $ 52.94.
Southwest Airlines Stock Down 1.6%
Shares of Southwest Airlines stock opened at $ 40.24 on Friday. The company has a current ratio of 1.87, a quick ratio of 1.81 and a debt-to-equity ratio of 0.99. The company’s fifty day simple moving average is $ 40.02 and its two-hundred day simple moving average is $ 42.92. The company has a market cap of $ 23.86 billion, a P / E ratio of 42.81, a PEG ratio of 2.51 and a beta of 1.00. Southwest Airlines Co. has a 12-month low of $ 34.36 and a 12-month high of $ 56.33.
Southwest Airlines (NYSE: LUV – Get Rating) last released its earnings results on Thursday, April 28th. The airline reported ($ 0.32) earnings per share for the quarter, topping analysts’ consensus estimates of ($ 0.34) by $ 0.02. The firm had revenue of $ 4.69 billion for the quarter, compared to the consensus estimate of $ 4.67 billion. Southwest Airlines had a net margin of 3.17% and a negative return on equity of 4.39%. The company’s revenue was up 128.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($ 1.72) EPS. Research analysts anticipate that Southwest Airlines Co. will post 2.71 EPS for the current year.
Insider Transactions at Southwest Airlines
In other news, Director John T. Montford sold 2,300 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $ 45.70, for a total value of $ 105,110.00. Following the sale, the director now directly owns 23,296 shares of the company’s stock, valued at approximately $ 1,064,627.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.32% of the company’s stock.
Southwest Airlines Company Profile
Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.
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