HighPoint Advisor Group LLC lessened its holdings in shares of Southwest Airlines Company (NYSE:LUV) by 42.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,461 shares of the airline’s stock after selling 10,762 shares during the period. HighPoint Advisor Group LLC’s holdings in Southwest Airlines were worth $781,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also added to or reduced their stakes in LUV. Boston Partners raised its holdings in shares of Southwest Airlines by 101.7% during the third quarter. Boston Partners now owns 4,980,739 shares of the airline’s stock valued at $278,822,000 after buying an additional 2,511,258 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Southwest Airlines by 35.6% during the second quarter. Thrivent Financial For Lutherans now owns 4,150,288 shares of the airline’s stock valued at $257,901,000 after acquiring an additional 1,090,189 shares during the period. Ameriprise Financial Inc. increased its stake in shares of Southwest Airlines by 13.1% during the second quarter. Ameriprise Financial Inc. now owns 8,836,067 shares of the airline’s stock valued at $549,016,000 after acquiring an additional 1,026,892 shares during the period. Wells Fargo & Company MN increased its stake in shares of Southwest Airlines by 65.4% during the second quarter. Wells Fargo & Company MN now owns 2,555,887 shares of the airline’s stock valued at $158,823,000 after acquiring an additional 1,010,966 shares during the period. Finally, APG Asset Management N.V. increased its stake in shares of Southwest Airlines by 16.8% during the third quarter. APG Asset Management N.V. now owns 4,592,536 shares of the airline’s stock valued at $257,090,000 after acquiring an additional 660,500 shares during the period. 80.15% of the stock is currently owned by institutional investors.
Southwest Airlines Company (NYSE LUV) traded down $0.24 during midday trading on Tuesday, reaching $53.25. 2,982,000 shares of the company’s stock traded hands, compared to its average volume of 5,235,721. Southwest Airlines Company has a 12-month low of $43.88 and a 12-month high of $64.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61. The stock has a market cap of $31,850.00, a PE ratio of 15.41, a price-to-earnings-growth ratio of 1.77 and a beta of 1.31.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The firm had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same period in the previous year, the company posted $0.93 EPS. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. equities research analysts expect that Southwest Airlines Company will post 3.56 earnings per share for the current fiscal year.
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A number of research analysts recently commented on LUV shares. Zacks Investment Research upgraded shares of Southwest Airlines from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Vetr lowered shares of Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $59.16 price objective on the stock. in a research note on Friday, September 22nd. Morgan Stanley set a $64.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a research note on Thursday, August 17th. Deutsche Bank AG reiterated a “buy” rating and set a $71.00 price objective on shares of Southwest Airlines in a research note on Friday, October 27th. Finally, BidaskClub lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $67.00.
In other Southwest Airlines news, Director John T. Montford sold 935 shares of Southwest Airlines stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $1,348,500. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.21% of the company’s stock.
Southwest Airlines Company Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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