Maj Invest Holding A S increased its stake in shares of Southwest Airlines Co (NYSE:LUV) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,684,299 shares of the airline’s stock after purchasing an additional 22,487 shares during the period. Southwest Airlines accounts for about 8.0% of Maj Invest Holding A S’s holdings, making the stock its 3rd biggest position. Maj Invest Holding A S owned about 0.69% of Southwest Airlines worth $198,992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently modified their holdings of the company. Sterling Investment Advisors Ltd. purchased a new stake in Southwest Airlines in the 3rd quarter worth approximately $26,000. Smithfield Trust Co. grew its stake in Southwest Airlines by 130.4% in the 3rd quarter. Smithfield Trust Co. now owns 530 shares of the airline’s stock worth $28,000 after acquiring an additional 300 shares during the period. Hudock Capital Group LLC grew its stake in Southwest Airlines by 596.4% in the 3rd quarter. Hudock Capital Group LLC now owns 585 shares of the airline’s stock worth $31,000 after acquiring an additional 501 shares during the period. JFS Wealth Advisors LLC grew its stake in Southwest Airlines by 40.0% in the 3rd quarter. JFS Wealth Advisors LLC now owns 700 shares of the airline’s stock worth $38,000 after acquiring an additional 200 shares during the period. Finally, Global Wealth Management Investment Advisory Inc. grew its stake in Southwest Airlines by 242.8% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 713 shares of the airline’s stock worth $36,000 after acquiring an additional 505 shares during the period. Hedge funds and other institutional investors own 81.65% of the company’s stock.
Shares of NYSE LUV traded down $0.41 during trading on Tuesday, hitting $57.85. 1,871,193 shares of the company traded hands, compared to its average volume of 4,180,187. Southwest Airlines Co has a 1 year low of $44.28 and a 1 year high of $58.77. The company has a 50-day moving average price of $54.93 and a 200-day moving average price of $52.60. The firm has a market capitalization of $31.32 billion, a P/E ratio of 13.64, a P/E/G ratio of 1.50 and a beta of 1.48. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.36.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $1.23 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Southwest Airlines had a net margin of 10.90% and a return on equity of 24.71%. The company had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the company earned $1.08 EPS. The business’s quarterly revenue was up 1.1% compared to the same quarter last year. Research analysts predict that Southwest Airlines Co will post 4.39 EPS for the current fiscal year.
Several analysts have commented on the stock. Stifel Nicolaus cut shares of Southwest Airlines from a “buy” rating to a “hold” rating and lowered their target price for the stock from $75.00 to $60.00 in a research note on Monday, October 21st. UBS Group assumed coverage on shares of Southwest Airlines in a research note on Tuesday. They issued a “neutral” rating for the company. Credit Suisse Group lifted their target price on shares of Southwest Airlines from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Cowen reissued a “market perform” rating and set a $57.00 price objective (up from $55.00) on shares of Southwest Airlines in a research note on Friday, July 26th. Finally, Citigroup assumed coverage on shares of Southwest Airlines in a research note on Thursday, October 31st. They set a “neutral” rating and a $59.00 price objective for the company. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Southwest Airlines currently has a consensus 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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