Trellus Management Company adds Southwest Airlines Co (LUV) to its portfolio

Southwest Airlines Co (LUV) : Trellus Management Company added new position in Southwest Airlines Co during the most recent quarter end. The investment management firm now holds 30,000 shares of Southwest Airlines Co which is valued at $1,260,900 , the company said in a statement filed on Jul 18, 2016 with the SEC.Southwest Airlines Co makes up approximately 2.85% of Trellus Management Company’s portfolio.

Other Hedge Funds, Including , Vigilant Capital Management reduced its stake in LUV by selling 332 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 194,000 shares of LUV which is valued at $8,153,820. Southwest Airlines Co makes up approx 1.52% of Vigilant Capital Management’s portfolio. Id Management As added LUV to its portfolio by purchasing 8,993 company shares during the most recent quarter which is valued at $388,318. Southwest Airlines Co makes up approx 0.12% of Id Management As’s portfolio.Amarillo National Bank reduced its stake in LUV by selling 33 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 16,494 shares of LUV which is valued at $699,346. Southwest Airlines Co makes up approx 0.31% of Amarillo National Bank’s portfolio.Quotient Investors reduced its stake in LUV by selling 50,749 shares or 48.71% in the most recent quarter. The Hedge Fund company now holds 53,439 shares of LUV which is valued at $2,265,814. Southwest Airlines Co makes up approx 1.04% of Quotient Investors’s portfolio.

Southwest Airlines Co closed down -0.69 points or -1.62% at $42.03 with 82,25,088 shares getting traded on Wednesday. Post opening the session at $43.02, the shares hit an intraday low of $41.94 and an intraday high of $43.03 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. Shares were Reiterated by Cowen on Jun 24, 2016 to “Outperform” and Lowered the Price Target to $ 49 from a previous price target of $51 .

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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