Southwest Airlines Co. $LUV Shares Newly Bought by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new stake in shares of Southwest Airlines Co. (NYSE:LUV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 53,339 shares of the airline’s stock, valued at approximately $2,245,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Primecap Management Co. CA purchased a new stake in Southwest Airlines during the 2nd quarter worth approximately $2,509,179,000. BlackRock Inc. purchased a new position in shares of Southwest Airlines in the second quarter worth $1,538,382,000. Dimensional Fund Advisors LP lifted its stake in shares of Southwest Airlines by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 5,763,154 shares of the airline’s stock worth $216,472,000 after buying an additional 117,833 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Southwest Airlines during the second quarter worth $234,872,000. Finally, U S Global Investors Inc. lifted its stake in shares of Southwest Airlines by 13.9% during the third quarter. U S Global Investors Inc. now owns 2,260,841 shares of the airline’s stock worth $94,141,000 after buying an additional 275,204 shares during the period. 80.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LUV shares. Zacks Research raised Southwest Airlines from a “strong sell” rating to a “hold” rating in a research report on Wednesday, November 4th. Susquehanna reduced their target price on Southwest Airlines from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. BMO Capital Markets lowered their price target on Southwest Airlines from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, September 28th. Tigress Financial started coverage on Southwest Airlines in a research note on Friday, October 30th. They set a “buy” rating and a $62.00 price target on the stock. Finally, Rothschild & Co Redburn upgraded Southwest Airlines from a “sell” rating to a “neutral” rating and boosted their price target for the company from $35.00 to $40.00 in a research note on Friday, September 18th. Eleven equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.20.

Southwest Airlines Trading Down 0.1%

Shares of NYSE:LUV opened at $46.26 on Wednesday. Southwest Airlines Co. has a 12-month low of $31.15 and a 12-month high of $55.11. The company has a market capitalization of $22.65 billion, a PE ratio of 17.60, a PEG ratio of 0.67 and a beta of 1.23. The business has a 50 day moving average of $41.45 and a two-hundred day moving average of $43.57. The company has a current ratio of 0.47, a quick ratio of 0.40 and a debt-to-equity ratio of 0.51.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Wednesday, October 21st. The airline reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.09. The business had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.25 billion. Southwest Airlines had a net margin of 3.34% and a return on equity of 18.05%. The business’s revenue was up 21.2% on a year-over-year basis. During the same quarter last year, the company earned $0.11 EPS. As a group, analysts forecast that Southwest Airlines Co. will post 2.78 EPS for the current year.

Southwest Airlines Company Profile

Southwest Airlines Co. is a passenger airline that provides scheduled air transportation in the United States and to destinations in Mexico, Central America and the Caribbean. The company also offers air cargo services and operates the Rapid Rewards loyalty program. Founded in 1967 and beginning flight operations in 1971, Southwest grew from a Texas-based carrier into a major U.S. airline. Its headquarters are in Dallas, Texas. Southwest is led by President and Chief Executive Officer Bob Jordan, who assumed the role in 2022.