Victory Capital Management Inc. lifted its holdings in shares of Southwest Airlines Company (NYSE:LUV) by 194.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 332,861 shares of the airline’s stock after acquiring an additional 219,883 shares during the period. Victory Capital Management Inc. owned approximately 0.06% of Southwest Airlines worth $18,634,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. BDO Wealth Advisors LLC bought a new position in shares of Southwest Airlines during the 2nd quarter worth about $102,000. Pittenger & Anderson Inc. lifted its holdings in shares of Southwest Airlines by 13.5% during the 2nd quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock worth $130,000 after acquiring an additional 250 shares during the period. National Pension Service bought a new position in shares of Southwest Airlines during the 2nd quarter worth about $141,000. Harfst & Associates Inc. lifted its holdings in shares of Southwest Airlines by 43.8% during the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock worth $149,000 after acquiring an additional 732 shares during the period. Finally, Farmers & Merchants Investments Inc. lifted its holdings in shares of Southwest Airlines by 2.9% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,632 shares of the airline’s stock worth $164,000 after acquiring an additional 75 shares during the period. 80.15% of the stock is owned by institutional investors.
Shares of Southwest Airlines Company (NYSE LUV) opened at $53.49 on Monday. Southwest Airlines Company has a 1 year low of $42.99 and a 1 year high of $64.39. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61. The company has a market cap of $31,740.00, a P/E ratio of 15.41, a PEG ratio of 1.77 and a beta of 1.31.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping the consensus estimate of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The company had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the previous year, the company earned $0.93 EPS. Southwest Airlines’s revenue was up 2.6% on a year-over-year basis. research analysts expect that Southwest Airlines Company will post 3.56 earnings per share for the current year.
A number of brokerages recently issued reports on LUV. Zacks Investment Research upgraded shares of Southwest Airlines from a “sell” rating to a “hold” rating in a research report on Thursday. Vetr upgraded shares of Southwest Airlines from a “sell” rating to a “buy” rating and set a $55.93 target price for the company in a research report on Monday. J P Morgan Chase & Co increased their target price on shares of Southwest Airlines from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price on shares of Southwest Airlines in a research report on Wednesday, November 1st. Finally, Wolfe Research upgraded shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, August 18th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. Southwest Airlines currently has a consensus rating of “Buy” and an average target price of $67.00.
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In related news, Director John T. Montford sold 935 shares of Southwest Airlines stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.
Southwest Airlines Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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