Gerstein Fisher Lowers stake in Southwest Airlines Co (LUV)

Southwest Airlines Co (LUV) : Gerstein Fisher reduced its stake in Southwest Airlines Co by 0.38% during the most recent quarter end. The investment management company now holds a total of 93,207 shares of Southwest Airlines Co which is valued at $3,471,029 after selling 359 shares in Southwest Airlines Co , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Southwest Airlines Co makes up approximately 0.44% of Gerstein Fisher’s portfolio.

Other Hedge Funds, Including , Feltz Wealth Plan reduced its stake in LUV by selling 95 shares or 8.96% in the most recent quarter. The Hedge Fund company now holds 965 shares of LUV which is valued at $35,937.White Pine Investment Co reduced its stake in LUV by selling 2,090 shares or 2.08% in the most recent quarter. The Hedge Fund company now holds 98,620 shares of LUV which is valued at $3,732,767. Southwest Airlines Co makes up approx 2.16% of White Pine Investment Co’s portfolio.Wealth Enhancement Advisory Services boosted its stake in LUV in the latest quarter, The investment management firm added 3,382 additional shares and now holds a total of 31,168 shares of Southwest Airlines Co which is valued at $1,153,528. Southwest Airlines Co makes up approx 0.20% of Wealth Enhancement Advisory Services’s portfolio.Nordea Investment Management Ab boosted its stake in LUV in the latest quarter, The investment management firm added 249 additional shares and now holds a total of 67,996 shares of Southwest Airlines Co which is valued at $2,857,872. Southwest Airlines Co makes up approx 0.01% of Nordea Investment Management Ab’s portfolio.Central Bank Trust Co reduced its stake in LUV by selling 989 shares or 0.94% in the most recent quarter. The Hedge Fund company now holds 103,700 shares of LUV which is valued at $4,396,880. Southwest Airlines Co makes up approx 1.24% of Central Bank Trust Co’s portfolio.

Southwest Airlines Co opened for trading at $36.5 and hit $36.95 on the upside on Monday, eventually ending the session at $36.88, with a gain of 0.99% or 0.36 points. The heightened volatility saw the trading volume jump to 56,17,788 shares. Company has a market cap of $22,874 M.

On the company’s financial health, Southwest Airlines Co reported $1.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $1.21. The company had revenue of $5384.00 million for the quarter, compared to analysts expectations of $5398.38 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.

Many Wall Street Analysts have commented on Southwest Airlines Co. Southwest Airlines Co was Downgraded by JP Morgan to ” Neutral” on Jul 27, 2016. Southwest Airlines Co was Downgraded by Argus to ” Hold” on Jul 25, 2016. Shares were Reiterated by Cowen on Jul 22, 2016 to “Outperform” and Lowered the Price Target to $ 47 from a previous price target of $49 .

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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