Field & Main Bank purchased a new stake in Southwest Airlines Co (NYSE:LUV) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 675 shares of the airline’s stock, valued at approximately $35,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LUV. Man Group plc increased its position in shares of Southwest Airlines by 346.9% in the 3rd quarter. Man Group plc now owns 81,019 shares of the airline’s stock valued at $5,059,000 after acquiring an additional 62,888 shares during the period. Mackenzie Financial Corp lifted its stake in Southwest Airlines by 13.4% in the 3rd quarter. Mackenzie Financial Corp now owns 12,659 shares of the airline’s stock valued at $791,000 after buying an additional 1,494 shares in the last quarter. Kentucky Retirement Systems purchased a new position in Southwest Airlines in the 3rd quarter valued at about $1,084,000. Neuberger Berman Group LLC lifted its stake in Southwest Airlines by 1.6% in the 3rd quarter. Neuberger Berman Group LLC now owns 119,451 shares of the airline’s stock valued at $7,460,000 after buying an additional 1,863 shares in the last quarter. Finally, Teachers Advisors LLC lifted its stake in Southwest Airlines by 35.3% in the 3rd quarter. Teachers Advisors LLC now owns 1,241,182 shares of the airline’s stock valued at $77,512,000 after buying an additional 323,802 shares in the last quarter. Hedge funds and other institutional investors own 81.14% of the company’s stock.
A number of research analysts have weighed in on the stock. Macquarie set a $52.00 target price on shares of Southwest Airlines and gave the stock a “hold” rating in a research note on Thursday, March 28th. Argus reissued a “buy” rating on shares of Southwest Airlines in a research note on Wednesday. Imperial Capital reissued an “in-line” rating and issued a $52.00 target price (down from $55.00) on shares of Southwest Airlines in a research note on Thursday, March 28th. Credit Suisse Group reissued a “hold” rating and issued a $56.00 target price (down from $60.00) on shares of Southwest Airlines in a research note on Thursday, February 21st. Finally, Goldman Sachs Group raised their target price on shares of Southwest Airlines to $49.00 and gave the stock a “sell” rating in a research note on Wednesday, March 20th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $58.64.
Shares of LUV traded up $0.32 during trading hours on Friday, hitting $53.69. The stock had a trading volume of 1,003,989 shares, compared to its average volume of 5,086,484. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 0.63. Southwest Airlines Co has a 52 week low of $44.28 and a 52 week high of $64.02. The firm has a market cap of $29.67 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.36 and a beta of 1.49.
Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, April 25th. The airline reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.09. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.14 billion. Southwest Airlines had a net margin of 10.78% and a return on equity of 23.94%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 EPS. As a group, sell-side analysts anticipate that Southwest Airlines Co will post 4.68 EPS for the current fiscal year.
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.
Featured Story: Depreciation
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.