Southwest Airlines Co (LUV) : Quotient Investors reduced its stake in Southwest Airlines Co by 2.71% during the most recent quarter end. The investment management company now holds a total of 104,188 shares of Southwest Airlines Co which is valued at $4,901,004 after selling 2,907 shares in Southwest Airlines Co , the firm said in a disclosure report filed with the SEC on Apr 14, 2016.Southwest Airlines Co makes up approximately 1.78% of Quotient Investors’s portfolio.
Southwest Airlines Co opened for trading at $47.45 and hit $47.45 on the upside on Monday, eventually ending the session at $47.1, with a gain of 0.13% or 0.06 points. The heightened volatility saw the trading volume jump to 42,81,747 shares. Company has a market cap of $30,053 M.
Other Hedge Funds, Including , Acadian Asset Management boosted its stake in LUV in the latest quarter, The investment management firm added 485,206 additional shares and now holds a total of 491,373 shares of Southwest Airlines Co which is valued at $23,114,186. Southwest Airlines Co makes up approx 0.12% of Acadian Asset Management’s portfolio.Central Trust Co boosted its stake in LUV in the latest quarter, The investment management firm added 20,250 additional shares and now holds a total of 23,858 shares of Southwest Airlines Co which is valued at $1,122,280. Southwest Airlines Co makes up approx 0.09% of Central Trust Co’s portfolio.Nadler Financial Group boosted its stake in LUV in the latest quarter, The investment management firm added 1,300 additional shares and now holds a total of 6,358 shares of Southwest Airlines Co which is valued at $282,104. Southwest Airlines Co makes up approx 0.12% of Nadler Financial Group’s portfolio.
On the company’s financial health, Southwest Airlines Co reported $0.90 EPS for the quarter, based on the information available during the earnings call on Jan 21, 2016. Analyst had a consensus estimate of $0.90. The company had revenue of $4977.00 million for the quarter, compared to analysts expectations of $5002.30 million. The company’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 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.