Renaissance Group Lowers stake in Southwest Airlines Co (LUV)

Southwest Airlines Co (LUV) : Renaissance Group reduced its stake in Southwest Airlines Co by 3.81% during the most recent quarter end. The investment management company now holds a total of 785,306 shares of Southwest Airlines Co which is valued at $32,770,819 after selling 31,068 shares in Southwest Airlines Co , the firm said in a disclosure report filed with the SEC on May 3, 2016.Southwest Airlines Co makes up approximately 1.35% of Renaissance Group’s portfolio.

Other Hedge Funds, Including , Hanseatic Management Services Inc sold out all of its stake in LUV during the most recent quarter. The investment firm sold 10,150 shares of LUV which is valued $423,560.Great West Life Assurance Co Can boosted its stake in LUV in the latest quarter, The investment management firm added 22,025 additional shares and now holds a total of 171,034 shares of Southwest Airlines Co which is valued at $7,629,827. Southwest Airlines Co makes up approx 0.03% of Great West Life Assurance Co Can’s portfolio.Lee Danner Bass Inc boosted its stake in LUV in the latest quarter, The investment management firm added 18,531 additional shares and now holds a total of 71,229 shares of Southwest Airlines Co which is valued at $3,177,526. Southwest Airlines Co makes up approx 0.40% of Lee Danner Bass Inc’s portfolio.Sigma Planning Corp reduced its stake in LUV by selling 8,110 shares or 43.62% in the most recent quarter. The Hedge Fund company now holds 10,481 shares of LUV which is valued at $495,227. Southwest Airlines Co makes up approx 0.07% of Sigma Planning Corp’s portfolio.

Southwest Airlines Co opened for trading at $42.28 and hit $42.91 on the upside on Tuesday, eventually ending the session at $42.85, with a gain of 1.56% or 0.66 points. The heightened volatility saw the trading volume jump to 52,64,360 shares. Company has a market cap of $27,368 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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