Credit Capital Investments Lowers stake in Southwest Airlines Co (LUV)

Southwest Airlines Co (LUV) : Credit Capital Investments reduced its stake in Southwest Airlines Co by 40.99% during the most recent quarter end. The investment management company now holds a total of 170,000 shares of Southwest Airlines Co which is valued at $7.1 Million after selling 118,072 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 5.68% of Credit Capital Investments’s portfolio.

Other Hedge Funds, Including , Cipher Capital Lp added LUV to its portfolio by purchasing 13,000 company shares during the most recent quarter which is valued at $540,280. Southwest Airlines Co makes up approx 0.05% of Cipher Capital Lp’s portfolio.State Treasurer State Of Michigan reduced its stake in LUV by selling 2,800 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 219,676 shares of LUV which is valued at $9.2 Million. Southwest Airlines Co makes up approx 0.07% of State Treasurer State Of Michigan’s portfolio.Tci Wealth Advisors reduced its stake in LUV by selling 240 shares or 9.62% in the most recent quarter. The Hedge Fund company now holds 2,255 shares of LUV which is valued at $100,596. Southwest Airlines Co makes up approx 0.05% of Tci Wealth Advisors’s portfolio. Telemus Capital added LUV to its portfolio by purchasing 5,815 company shares during the most recent quarter which is valued at $259,407. Southwest Airlines Co makes up approx 0.04% of Telemus Capital’s portfolio.Td Securities (usa) reduced its stake in LUV by selling 2 shares or 1.37% in the most recent quarter. The Hedge Fund company now holds 144 shares of LUV which is valued at $6,424. Southwest Airlines Co makes up approx 0.06% of Td Securities (usa)’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.

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