November 25, 2016 - By Hazel Jackson · 0 Comments
Southwest Airlines Co (NYSE:LUV) institutional sentiment increased to 0.9 in Q2 2016. Its up 0.01, from 0.89 in 2016Q1. The ratio is more positive, as 299 active investment managers increased or started new equity positions, while 335 trimmed and sold stakes in Southwest Airlines Co. The active investment managers in our partner’s database now hold: 471.95 million shares, down from 499.00 million shares in 2016Q1. Also, the number of active investment managers holding Southwest Airlines Co in their top 10 equity positions decreased from 25 to 13 for a decrease of 12. Sold All: 75 Reduced: 260 Increased: 233 New Position: 66.
Southwest Airlines Co. operates Southwest Airlines. The company has a market cap of $29.39 billion. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. It has a 13.49 P/E ratio. The Firm serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.
About 1.11M shares traded hands. Southwest Airlines Co (NYSE:LUV) has risen 0.25% since April 22, 2016 and is uptrending. It has underperformed by 5.16% the S&P500.
Analysts await Southwest Airlines Co (NYSE:LUV) to report earnings on January, 19. They expect $0.66 earnings per share, down 26.67% or $0.24 from last year’s $0.9 per share. LUV’s profit will be $408.62 million for 17.98 P/E if the $0.66 EPS becomes a reality. After $0.93 actual earnings per share reported by Southwest Airlines Co for the previous quarter, Wall Street now forecasts -29.03% negative EPS growth.
According to Zacks Investment Research, “Southwest Airlines is a major domestic airline that provides primarily shorthaul, high-frequency, point-to-point, low-fare service. Southwest operates over Boeing 737 aircraft in numerous cities. Southwest has the lowest operating cost structure in the domestic airline industry and consistently offers the lowest and simplest fares. Southwest also has one of the best overall Customer Service records.”
Greenbrier Partners Capital Management Llc holds 13.58% of its portfolio in Southwest Airlines Co for 1.26 million shares. Egerton Capital (Uk) Llp owns 15.25 million shares or 6.71% of their US portfolio. Moreover, Provident Trust Co has 6.05% invested in the company for 2.80 million shares. The Illinois-based Anchor Bolt Capital Lp has invested 5.76% in the stock. Ray Gerald L & Associates Ltd, a Texas-based fund reported 891,486 shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 3 buys, and 2 sales for $1.24 million net activity.
Ratings analysis reveals 75% of Southwest Airlines Co.’s analysts are positive. Out of 12 Wall Street analysts rating Southwest Airlines Co., 9 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $41 while the high is $64. The stock’s average target of $51.43 is 8.34% above today’s ($47.47) share price. LUV was included in 28 notes of analysts from July 30, 2015. Morgan Stanley upgraded Southwest Airlines Co (NYSE:LUV) rating on Thursday, January 7. Morgan Stanley has “Equal-Weight” rating and $51 price target. On Tuesday, August 18 the stock rating was downgraded by Vetr to “Strong-Buy”. Cowen & Co maintained Southwest Airlines Co (NYSE:LUV) on Friday, July 22 with “Outperform” rating. The company was initiated on Friday, November 18 by Citigroup. Imperial Capital maintained the shares of LUV in a report on Thursday, September 3 with “Outperform” rating. The rating was initiated by Imperial Capital on Friday, September 9 with “Outperform”. JP Morgan downgraded the stock to “Neutral” rating in Wednesday, July 27 report. The stock of Southwest Airlines Co (NYSE:LUV) has “Outperform” rating given on Friday, June 24 by Cowen & Co. JP Morgan upgraded the shares of LUV in a report on Thursday, October 27 to “Overweight” rating. The stock has “Outperform” rating given by Credit Suisse on Friday, January 22.
Southwest Airlines Co. (Southwest), incorporated on March 9, 1967, operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Firm serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize. The Firm added its first three destinations in Central America (San Jose, Costa Rica, Belize City, Belize, and Liberia, Costa Rica) and also commenced Southwest service to a fourth destination in Mexico (Puerto Vallarta). Southwest operates a total of approximately 704 Boeing 737 aircraft. The Firm also added approximately 20 domestic nonstop destinations from Dallas Love Field. Southwest offers a total of 180 weekday departures to over 50 nonstop destinations from Dallas Love Field. In addition, the Company added over eight international nonstop destinations from a newly constructed five-gate international terminal at Houston’s William P. Hobby Airport.
More important recent Southwest Airlines Co (NYSE:LUV) news were published by: Fool.com which released: “Why Southwest Airlines Co Stock Was Falling Today” on October 26, 2016, also Prnewswire.com published article titled: “Southwest Airlines Reports October Traffic”, Usatoday.com published: “Former Southwest Airlines employee named as shooter in Okla. airport murder” on November 16, 2016. More interesting news about Southwest Airlines Co (NYSE:LUV) was released by: Prnewswire.com and their article: “Southwest Airlines Flight Attendants Approve Tentative Agreement” with publication date: October 31, 2016.
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By Hazel Jackson