Strategic Wealth Advisors Group LLC boosted its position in shares of Southwest Airlines Co (NYSE:LUV) by 2.7% in the third quarter, Holdings Channel.com reports. The firm owned 11,198 shares of the airline’s stock after purchasing an additional 292 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in Southwest Airlines were worth $598,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LUV. DNB Asset Management AS increased its holdings in shares of Southwest Airlines by 8.9% in the second quarter. DNB Asset Management AS now owns 22,060 shares of the airline’s stock valued at $1,120,000 after purchasing an additional 1,794 shares during the period. WINTON GROUP Ltd grew its holdings in Southwest Airlines by 40.2% during the second quarter. WINTON GROUP Ltd now owns 231,742 shares of the airline’s stock worth $11,768,000 after acquiring an additional 66,439 shares during the period. Carroll Financial Associates Inc. grew its holdings in Southwest Airlines by 26.3% during the second quarter. Carroll Financial Associates Inc. now owns 1,534 shares of the airline’s stock worth $77,000 after acquiring an additional 319 shares during the period. Norman Fields Gottscho Capital Management LLC grew its holdings in Southwest Airlines by 1.7% during the second quarter. Norman Fields Gottscho Capital Management LLC now owns 95,290 shares of the airline’s stock worth $4,839,000 after acquiring an additional 1,575 shares during the period. Finally, TrimTabs Asset Management LLC acquired a new position in Southwest Airlines during the second quarter worth $1,158,000. 81.78% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:LUV traded down $0.06 on Friday, hitting $58.18. The company had a trading volume of 2,271,976 shares, compared to its average volume of 4,195,180. The company has a current ratio of 0.65, a quick ratio of 0.59 and a debt-to-equity ratio of 0.36. Southwest Airlines Co has a 52-week low of $44.28 and a 52-week high of $58.77. The business has a 50 day moving average of $54.78 and a 200 day moving average of $52.54. The company has a market cap of $31.31 billion, a PE ratio of 13.72, a PEG ratio of 1.50 and a beta of 1.48.
Several analysts have weighed in on LUV shares. Credit Suisse Group upped their target price on Southwest Airlines from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Sanford C. Bernstein lowered Southwest Airlines from an “outperform” rating to a “market perform” rating and upped their target price for the company from $58.00 to $61.00 in a report on Thursday, October 31st. Macquarie raised Southwest Airlines from a “neutral” rating to an “outperform” rating and set a $67.00 target price on the stock in a report on Friday, September 13th. Bank of America raised Southwest Airlines to a “buy” rating and set a $65.00 target price on the stock in a report on Monday, September 23rd. Finally, Argus lowered Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. Southwest Airlines currently has a consensus rating of “Hold” and an average price target of $58.95.
About Southwest Airlines
Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 destinations in 40 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.
Further Reading: Market Perform
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