Tyvor Capital adds Southwest Airlines Co (LUV) to its portfolio

Southwest Airlines Co (LUV) : Tyvor Capital added new position in Southwest Airlines Co during the most recent quarter end. The investment management firm now holds 711,147 shares of Southwest Airlines Co which is valued at $25,971,088 , the company said in a statement filed on Aug 15, 2016 with the SEC.Southwest Airlines Co makes up approximately 6.78% of Tyvor Capital’s portfolio.

Other Hedge Funds, Including , Horizon Investment Services reduced its stake in LUV by selling 6,592 shares or 5.33% in the most recent quarter. The Hedge Fund company now holds 117,163 shares of LUV which is valued at $4,278,793. Southwest Airlines Co makes up approx 2.06% of Horizon Investment Services’s portfolio.Oppenheimer Co Inc boosted its stake in LUV in the latest quarter, The investment management firm added 53,571 additional shares and now holds a total of 346,404 shares of Southwest Airlines Co which is valued at $12,900,085. Southwest Airlines Co makes up approx 0.37% of Oppenheimer Co Inc’s portfolio. Tdam Usa added LUV to its portfolio by purchasing 5,329 company shares during the most recent quarter which is valued at $201,703. Southwest Airlines Co makes up approx 0.01% of Tdam Usa’s portfolio.Douglas Lane Associates reduced its stake in LUV by selling 91,772 shares or 8.42% in the most recent quarter. The Hedge Fund company now holds 998,765 shares of LUV which is valued at $37,433,712. Southwest Airlines Co makes up approx 1.02% of Douglas Lane Associates’s portfolio.Court Place Advisors boosted its stake in LUV in the latest quarter, The investment management firm added 1,425 additional shares and now holds a total of 15,950 shares of Southwest Airlines Co which is valued at $597,806. Southwest Airlines Co makes up approx 0.34% of Court Place Advisors’s portfolio.

Southwest Airlines Co closed down -0.29 points or -0.79% at $36.59 with 47,81,378 shares getting traded on Thursday. Post opening the session at $36.88, the shares hit an intraday low of $36.41 and an intraday high of $37.25 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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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