Steward Partners Investment Advisory LLC Acquires 960 Shares of Southwest Airlines Co (NYSE:LUV)

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Steward Partners Investment Advisory LLC increased its holdings in shares of Southwest Airlines Co (NYSE:LUV) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,705 shares of the airline’s stock after buying an additional 960 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Southwest Airlines were worth $524,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. DNB Asset Management AS raised its position in shares of Southwest Airlines by 8.9% during the 2nd quarter. DNB Asset Management AS now owns 22,060 shares of the airline’s stock worth $1,120,000 after purchasing an additional 1,794 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Southwest Airlines by 40.2% during the 2nd quarter. WINTON GROUP Ltd now owns 231,742 shares of the airline’s stock worth $11,768,000 after purchasing an additional 66,439 shares during the last quarter. Carroll Financial Associates Inc. raised its position in shares of Southwest Airlines by 26.3% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,534 shares of the airline’s stock worth $77,000 after purchasing an additional 319 shares during the last quarter. Norman Fields Gottscho Capital Management LLC raised its position in shares of Southwest Airlines by 1.7% during the 2nd quarter. Norman Fields Gottscho Capital Management LLC now owns 95,290 shares of the airline’s stock worth $4,839,000 after purchasing an additional 1,575 shares during the last quarter. Finally, TrimTabs Asset Management LLC acquired a new position in shares of Southwest Airlines during the 2nd quarter worth approximately $1,158,000. 81.78% of the stock is owned by institutional investors and hedge funds.

LUV traded down $0.15 during trading on Wednesday, hitting $57.73. The company’s stock had a trading volume of 1,748,496 shares, compared to its average volume of 4,276,659. The firm’s 50 day moving average price is $54.64 and its 200-day moving average price is $52.45. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.65 and a quick ratio of 0.59. The stock has a market cap of $30.24 billion, a PE ratio of 13.62, a PEG ratio of 1.47 and a beta of 1.48. Southwest Airlines Co has a twelve month low of $44.28 and a twelve month high of $58.77.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. The company had revenue of $5.64 billion during the quarter, compared to the consensus estimate of $5.65 billion. Southwest Airlines had a return on equity of 24.71% and a net margin of 10.90%. Southwest Airlines’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.08 EPS. Equities analysts anticipate that Southwest Airlines Co will post 4.35 earnings per share for the current year.

Several brokerages recently issued reports on LUV. Credit Suisse Group lifted their price objective on Southwest Airlines from $55.00 to $60.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Stifel Nicolaus downgraded Southwest Airlines from a “buy” rating to a “hold” rating and cut their price objective for the stock from $75.00 to $60.00 in a research report on Monday, October 21st. Morgan Stanley lifted their price objective on Southwest Airlines from $60.00 to $63.00 and gave the stock an “overweight” rating in a research report on Thursday, October 10th. Argus downgraded Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Tigress Financial restated a “buy” rating on shares of Southwest Airlines in a research report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the stock. Southwest Airlines has an average rating of “Hold” and an average target price 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.

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

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