Southwest Airlines Co (LUV) : Westover Capital Advisors scooped up 1,032 additional shares in Southwest Airlines Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 95,836 shares of Southwest Airlines Co which is valued at $3,499,931.Southwest Airlines Co makes up approximately 2.84% of Westover Capital Advisors’s portfolio.
Other Hedge Funds, Including , Clearbridge Investments reduced its stake in LUV by selling 8,534 shares or 25.3% in the most recent quarter. The Hedge Fund company now holds 25,200 shares of LUV which is valued at $920,304. Nuveen Fund Advisors added LUV to its portfolio by purchasing 72,053 company shares during the most recent quarter which is valued at $2,631,376. Southwest Airlines Co makes up approx 0.39% of Nuveen Fund Advisors’s portfolio.Mackenzie Financial Corp boosted its stake in LUV in the latest quarter, The investment management firm added 2,709 additional shares and now holds a total of 17,691 shares of Southwest Airlines Co which is valued at $646,075.Andra Ap-fonden boosted its stake in LUV in the latest quarter, The investment management firm added 15,600 additional shares and now holds a total of 71,500 shares of Southwest Airlines Co which is valued at $2,611,180. Southwest Airlines Co makes up approx 0.07% of Andra Ap-fonden’s portfolio.Norinchukin Bank The reduced its stake in LUV by selling 71,157 shares or 67.99% in the most recent quarter. The Hedge Fund company now holds 33,499 shares of LUV which is valued at $1,247,503. Southwest Airlines Co makes up approx 0.03% of Norinchukin Bank The’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.