Strategic Wealth Advisors Group LLC Has $598,000 Stock Position in Southwest Airlines Co (NYSE:LUV)

Share on StockTwits

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.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Southwest Airlines had a return on equity of 24.71% and a net margin of 10.90%. The business had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the business earned $1.08 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. As a group, equities analysts predict that Southwest Airlines Co will post 4.38 EPS for the current year.

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

Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Co (NYSE:LUV).

Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.