Twin Tree Management LP Acquires Shares of 52,379 Southwest Airlines Co (LUV)

Share on StockTwits

Twin Tree Management LP acquired a new position in Southwest Airlines Co (NYSE:LUV) in the first quarter, Holdings Channel reports. The institutional investor acquired 52,379 shares of the airline’s stock, valued at approximately $2,719,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Cibc Bank USA boosted its holdings in Southwest Airlines by 41.3% in the first quarter. Cibc Bank USA now owns 16,933 shares of the airline’s stock worth $879,000 after purchasing an additional 4,953 shares during the period. Financial Counselors Inc. boosted its holdings in shares of Southwest Airlines by 1.1% during the first quarter. Financial Counselors Inc. now owns 22,303 shares of the airline’s stock valued at $1,158,000 after acquiring an additional 237 shares during the period. Western Wealth Management LLC boosted its holdings in shares of Southwest Airlines by 8.3% during the first quarter. Western Wealth Management LLC now owns 6,015 shares of the airline’s stock valued at $313,000 after acquiring an additional 460 shares during the period. Fort Washington Investment Advisors Inc. OH acquired a new position in shares of Southwest Airlines during the first quarter valued at $214,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Southwest Airlines by 1.8% during the first quarter. Nomura Asset Management Co. Ltd. now owns 26,098 shares of the airline’s stock valued at $1,355,000 after acquiring an additional 467 shares during the period. 83.65% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on LUV. Morgan Stanley reduced their price target on shares of Southwest Airlines from $68.00 to $64.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Zacks Investment Research downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Thursday, May 16th. Argus reissued a “buy” rating on shares of Southwest Airlines in a report on Wednesday, May 1st. Barclays reduced their price target on shares of Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Finally, Imperial Capital reissued an “in-line” rating and set a $55.00 price target (up previously from $52.00) on shares of Southwest Airlines in a report on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the stock. Southwest Airlines presently has an average rating of “Hold” and a consensus target price of $58.64.

LUV stock traded down $0.34 during trading on Thursday, hitting $49.22. The company had a trading volume of 84,671 shares, compared to its average volume of 2,937,858. The company has a market capitalization of $27.17 billion, a P/E ratio of 11.62, a PEG ratio of 1.13 and a beta of 1.49. Southwest Airlines Co has a fifty-two week low of $44.28 and a fifty-two week high of $64.02. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, April 25th. The airline reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.14 billion. Southwest Airlines had a net margin of 10.78% and a return on equity of 23.94%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.79 earnings per share. Equities analysts anticipate that Southwest Airlines Co will post 4.63 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $0.72 annualized dividend and a yield of 1.46%. This is an increase from Southwest Airlines’s previous quarterly dividend of $0.16. Southwest Airlines’s dividend payout ratio is presently 15.09%.

TRADEMARK VIOLATION WARNING: This report was first published by Ticker Report and is owned by of Ticker Report. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://www.tickerreport.com/banking-finance/4356973/twin-tree-management-lp-acquires-shares-of-52379-southwest-airlines-co-luv.html.

Southwest Airlines Profile

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.

Recommended Story: Balance Sheet

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

AMC Entertainment Holdings Inc  Expected to Announce Quarterly Sales of $1.51 Billion
AMC Entertainment Holdings Inc Expected to Announce Quarterly Sales of $1.51 Billion
Loomis  Cut to “Sell” at Zacks Investment Research
Loomis Cut to “Sell” at Zacks Investment Research
BNP PARIBAS/S  Upgraded to “Hold” at Zacks Investment Research
BNP PARIBAS/S Upgraded to “Hold” at Zacks Investment Research
Balfour Beatty’s  “Buy” Rating Reiterated at Liberum Capital
Balfour Beatty’s “Buy” Rating Reiterated at Liberum Capital
EXCO Resources  & Occidental Petroleum  Head-To-Head Contrast
EXCO Resources & Occidental Petroleum Head-To-Head Contrast
Analysts Expect Square, Inc.  Will Post Quarterly Sales of $1.11 Billion
Analysts Expect Square, Inc. Will Post Quarterly Sales of $1.11 Billion


© 2006-2019 Ticker Report