Re Advisers Corp buys $126.7 Million stake in Southwest Airlines Co (LUV)

Southwest Airlines Co (LUV) : Re Advisers Corp scooped up 2,007,023 additional shares in Southwest Airlines Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,048,023 shares of Southwest Airlines Co which is valued at $126.7 Million.Southwest Airlines Co makes up approximately 2.25% of Re Advisers Corp’s portfolio.

Other Hedge Funds, Including , Caisse De Depot Et Placement Du Quebec reduced its stake in LUV by selling 138,082 shares or 49.94% in the most recent quarter. The Hedge Fund company now holds 138,418 shares of LUV which is valued at $5.8 Million. Southwest Airlines Co makes up approx 0.02% of Caisse De Depot Et Placement Du Quebec’s portfolio.Oakmont Corp reduced its stake in LUV by selling 136,210 shares or 24.89% in the most recent quarter. The Hedge Fund company now holds 410,930 shares of LUV which is valued at $17.1 Million. Southwest Airlines Co makes up approx 2.88% of Oakmont Corp’s portfolio.Buckingham Asset Management boosted its stake in LUV in the latest quarter, The investment management firm added 591 additional shares and now holds a total of 6,356 shares of Southwest Airlines Co which is valued at $265,236. Southwest Airlines Co makes up approx 0.09% of Buckingham Asset Management’s portfolio.Community Bank Trust Waco Texas boosted its stake in LUV in the latest quarter, The investment management firm added 3,335 additional shares and now holds a total of 52,065 shares of Southwest Airlines Co which is valued at $2.3 Million. Southwest Airlines Co makes up approx 1.32% of Community Bank Trust Waco Texas’s portfolio.

Southwest Airlines Co closed down -0.27 points or -0.63% at $42.53 with 44,41,144 shares getting traded on Wednesday. Post opening the session at $42.82, the shares hit an intraday low of $42.42 and an intraday high of $43.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Southwest Airlines Co reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.84. The company had revenue of $4826.00 million for the quarter, compared to analysts expectations of $4804.75 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Southwest Airlines Co. Company shares were Upgraded by Barclays on Apr 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 48 from a previous price target of $41 .

Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay Nassau Oranjestad Cabo San Lucas/Los Cabos Cancun Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products such as Business Select Fly By Priority Lanes and SWABIZ. Its Website southwest.com enables purchasing and managing travel online. It offers southwest.com and swabiz.com in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In Pets Are Welcome on Southwest (P.A.W.S.) products Automated Outbound Messaging (AOM) service and southwest.com/rebook.

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