Profit Investment Management Lowers stake in Southwest Airlines Co (LUV)

Southwest Airlines Co (LUV) : Profit Investment Management reduced its stake in Southwest Airlines Co by 14.04% during the most recent quarter end. The investment management company now holds a total of 29,901 shares of Southwest Airlines Co which is valued at $1,237,303 after selling 4,885 shares in Southwest Airlines Co , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Southwest Airlines Co makes up approximately 1.25% of Profit Investment Management’s portfolio.

Other Hedge Funds, Including , Highland Capital Management boosted its stake in LUV in the latest quarter, The investment management firm added 44,246 additional shares and now holds a total of 58,925 shares of Southwest Airlines Co which is valued at $2,438,317. Southwest Airlines Co makes up approx 0.21% of Highland Capital Management’s portfolio.North Star Investment Management Corp. boosted its stake in LUV in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 3,563 shares of Southwest Airlines Co which is valued at $141,772. Southwest Airlines Co makes up approx 0.03% of North Star Investment Management Corp.’s portfolio.Daiwa Sb Investments Ltd. reduced its stake in LUV by selling 9,630 shares or 26.24% in the most recent quarter. The Hedge Fund company now holds 27,070 shares of LUV which is valued at $1,077,115. Southwest Airlines Co makes up approx 0.28% of Daiwa Sb Investments Ltd.’s portfolio.Gibraltar Capital Management boosted its stake in LUV in the latest quarter, The investment management firm added 23,918 additional shares and now holds a total of 120,928 shares of Southwest Airlines Co which is valued at $4,809,307. Southwest Airlines Co makes up approx 5.51% of Gibraltar Capital Management’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in LUV by selling 6,956 shares or 4.21% in the most recent quarter. The Hedge Fund company now holds 158,368 shares of LUV which is valued at $6,092,417. Southwest Airlines Co makes up approx 0.13% of Exxonmobil Investment Management Inc Tx’s portfolio.

Southwest Airlines Co opened for trading at $40.03 and hit $40.33 on the upside on Tuesday, eventually ending the session at $39.79, with a gain of 0.05% or 0.02 points. The heightened volatility saw the trading volume jump to 91,26,557 shares. Company has a market cap of $24,679 M.

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. Bernstein Initiated Southwest Airlines Co on Oct 11, 2016 to “Outperform”, Price Target of the shares are set at $51.Imperial Capital Initiated Southwest Airlines Co on Sep 9, 2016 to “Outperform”, Price Target of the shares are set at $46.Southwest Airlines Co was Downgraded by JP Morgan to ” Neutral” on Jul 27, 2016.

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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