Twin Lakes Capital Management LLC Sells 3,205 Shares of Southwest Airlines Co. (NYSE:LUV)

Twin Lakes Capital Management LLC reduced its position in shares of Southwest Airlines Co. (NYSE:LUV) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 124,280 shares of the airline’s stock after selling 3,205 shares during the quarter. Southwest Airlines accounts for approximately 2.2% of Twin Lakes Capital Management LLC’s holdings, making the stock its 12th biggest position. Twin Lakes Capital Management LLC’s holdings in Southwest Airlines were worth $4,178,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Kestra Investment Management LLC bought a new position in shares of Southwest Airlines during the 4th quarter valued at approximately $26,000. Raleigh Capital Management Inc. grew its stake in shares of Southwest Airlines by 186.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline’s stock valued at $30,000 after acquiring an additional 575 shares during the period. Sanctuary Wealth Management L.L.C. grew its stake in shares of Southwest Airlines by 196.3% during the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 889 shares of the airline’s stock valued at $30,000 after acquiring an additional 589 shares during the period. VSM Wealth Advisory LLC bought a new position in shares of Southwest Airlines during the 4th quarter valued at approximately $42,000. Finally, Millstone Evans Group LLC bought a new position in shares of Southwest Airlines during the 4th quarter valued at approximately $53,000. 80.82% of the stock is currently owned by institutional investors.

Insider Transactions at Southwest Airlines

In related news, Director Gregg A. Saretsky purchased 3,670 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The shares were bought at an average price of $27.29 per share, for a total transaction of $100,154.30. Following the acquisition, the director now owns 14,881 shares of the company’s stock, valued at approximately $406,102.49. This represents a 32.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director C. David Cush purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $30.03 per share, for a total transaction of $150,150.00. Following the acquisition, the director now directly owns 19,011 shares in the company, valued at $570,900.33. This trade represents a 35.69% increase in their position. The disclosure for this purchase can be found here. Insiders have bought 16,670 shares of company stock valued at $464,944 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Raymond James reiterated an “outperform” rating and set a $40.00 price objective (down from $42.00) on shares of Southwest Airlines in a research note on Tuesday, April 29th. Melius Research upgraded Southwest Airlines from a “sell” rating to a “hold” rating and boosted their price objective for the company from $28.00 to $34.00 in a research note on Thursday, March 20th. UBS Group cut their price objective on Southwest Airlines from $36.00 to $27.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. Citigroup lowered their price target on Southwest Airlines from $30.00 to $23.00 and set a “sell” rating on the stock in a report on Monday, April 14th. Finally, Melius raised Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, March 20th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $30.59.

Southwest Airlines Stock Down 0.7%

Shares of LUV opened at $30.98 on Friday. The stock has a market capitalization of $17.65 billion, a price-to-earnings ratio of 43.03, a price-to-earnings-growth ratio of 0.97 and a beta of 1.18. Southwest Airlines Co. has a 1 year low of $23.58 and a 1 year high of $36.12. The business’s 50 day simple moving average is $29.47 and its 200-day simple moving average is $31.11. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.85.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Wednesday, April 23rd. The airline reported ($0.13) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.05. The business had revenue of $6.43 billion for the quarter, compared to analysts’ expectations of $6.47 billion. Southwest Airlines had a return on equity of 5.77% and a net margin of 1.69%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.36) EPS. As a group, equities analysts expect that Southwest Airlines Co. will post 1.55 earnings per share for the current fiscal year.

Southwest Airlines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. Southwest Airlines’s dividend payout ratio (DPR) is 84.71%.

About Southwest Airlines

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.