Southwest Airlines Co (LUV) : Westover Capital Advisors scooped up 1,032 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 95,836 shares of Southwest Airlines Co which is valued at $4 Million.Southwest Airlines Co makes up approximately 3.44% of Westover Capital Advisors’s portfolio.
Other Hedge Funds, Including , Hbk Investments L P sold out all of its stake in LUV during the most recent quarter. The investment firm sold 376,900 shares of LUV which is valued $15.7 Million. Summit Securities Group sold out all of its stake in LUV during the most recent quarter. The investment firm sold 51,700 shares of LUV which is valued $2.1 Million.Blackrock Japan Ltd reduced its stake in LUV by selling 3,759 shares or 1.19% in the most recent quarter. The Hedge Fund company now holds 312,011 shares of LUV which is valued at $13 Million. Southwest Airlines Co makes up approx 0.05% of Blackrock Japan Ltd’s portfolio. Old Mutual Global Investors (uk) Ltd. added LUV to its portfolio by purchasing 877,991 company shares during the most recent quarter which is valued at $36.6 Million. Southwest Airlines Co makes up approx 0.75% of Old Mutual Global Investors (uk) Ltd.’s portfolio. Midas Management Corp added LUV to its portfolio by purchasing 9,000 company shares during the most recent quarter which is valued at $401,490. Southwest Airlines Co makes up approx 0.20% of Midas Management Corp’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.