Southwest Airlines Co (LUV) : Catalyst Capital Advisors reduced its stake in Southwest Airlines Co by 17.75% during the most recent quarter end. The investment management company now holds a total of 208,500 shares of Southwest Airlines Co which is valued at $8.7 Million after selling 45,000 shares in Southwest Airlines Co , the firm said in a disclosure report filed with the SEC on May 11, 2016.Southwest Airlines Co makes up approximately 1.56% of Catalyst Capital Advisors’s portfolio.
Other Hedge Funds, Including , Bristol Gate Capital Partners boosted its stake in LUV in the latest quarter, The investment management firm added 63,985 additional shares and now holds a total of 595,916 shares of Southwest Airlines Co which is valued at $24.8 Million. Southwest Airlines Co makes up approx 4.67% of Bristol Gate Capital Partners’s portfolio. Glendon Capital Management Lp added LUV to its portfolio by purchasing 56,000 company shares during the most recent quarter which is valued at $2.3 Million. Southwest Airlines Co makes up approx 1.17% of Glendon Capital Management Lp’s portfolio. Alambic Investment Management added LUV to its portfolio by purchasing 7,900 company shares during the most recent quarter which is valued at $329,667. Southwest Airlines Co makes up approx 0.11% of Alambic Investment Management’s portfolio.Nisa Investment Advisors L.l.c. reduced its stake in LUV by selling 20,430 shares or 8.41% in the most recent quarter. The Hedge Fund company now holds 222,496 shares of LUV which is valued at $9.9 Million. Southwest Airlines Co makes up approx 0.14% of Nisa Investment Advisors L.l.c.’s portfolio.
Southwest Airlines Co opened for trading at $41.61 and hit $42.37 on the upside on Monday, eventually ending the session at $42.23, with a gain of 1.61% or 0.67 points. The heightened volatility saw the trading volume jump to 60,59,340 shares. Company has a market cap of $26,972 M.
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.