Southwest Airlines Co. $LUV Stock: MGO One Seven LLC Cuts Stake

MGO One Seven LLC lowered its stake in Southwest Airlines Co. (NYSE:LUV) by 64.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,232 shares of the airline’s stock after selling 15,243 shares during the period. MGO One Seven LLC’s holdings in Southwest Airlines were worth $343,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Southwest Airlines by 954.1% during the first quarter. NewEdge Advisors LLC now owns 127,331 shares of the airline’s stock worth $4,784,000 after buying an additional 115,251 shares during the last quarter. Gradient Investments LLC increased its holdings in shares of Southwest Airlines by 19.3% during the second quarter. Gradient Investments LLC now owns 539,612 shares of the airline’s stock worth $27,747,000 after buying an additional 87,146 shares in the last quarter. WINTON GROUP Ltd increased its holdings in shares of Southwest Airlines by 218.8% during the second quarter. WINTON GROUP Ltd now owns 93,837 shares of the airline’s stock worth $4,825,000 after buying an additional 64,402 shares in the last quarter. PDT Partners LLC bought a new position in shares of Southwest Airlines in the 2nd quarter valued at $17,913,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Southwest Airlines by 4.7% in the 1st quarter. Bank of New York Mellon Corp now owns 3,924,407 shares of the airline’s stock valued at $147,440,000 after acquiring an additional 176,742 shares during the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on LUV. Zacks Research raised Southwest Airlines from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 4th. Raymond James Financial lowered their target price on Southwest Airlines from $60.00 to $54.00 and set an “outperform” rating for the company in a report on Monday, August 24th. Tigress Financial began coverage on Southwest Airlines in a research report on Friday, October 30th. They issued a “buy” rating and a $62.00 target price for the company. Susquehanna cut their price target on Southwest Airlines from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 7th. Finally, Citigroup reduced their price target on Southwest Airlines from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, July 24th. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.20.

Southwest Airlines Price Performance

Shares of NYSE:LUV opened at $46.33 on Tuesday. The firm has a market cap of $22.68 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 0.67 and a beta of 1.23. The firm’s fifty day moving average is $41.29 and its 200-day moving average is $43.55. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.40 and a current ratio of 0.47. Southwest Airlines Co. has a 52 week low of $31.15 and a 52 week high of $55.11.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Wednesday, October 21st. The airline reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.09. The company had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.25 billion. Southwest Airlines had a net margin of 3.34% and a return on equity of 18.05%. Southwest Airlines’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.11 earnings per share. Sell-side analysts predict that Southwest Airlines Co. will post 2.78 earnings per share for the current year.

Southwest Airlines Company Profile