Simplex Trading Lowers stake in Southwest Airlines Co (LUV)

Southwest Airlines Co (LUV) : Simplex Trading reduced its stake in Southwest Airlines Co by 29.94% during the most recent quarter end. The investment management company now holds a total of 23,496 shares of Southwest Airlines Co which is valued at $903,891 after selling 10,040 shares in Southwest Airlines Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Southwest Airlines Co makes up approximately 0.12% of Simplex Trading’s portfolio.

Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in LUV by selling 500 shares or 3.91% in the most recent quarter. The Hedge Fund company now holds 12,300 shares of LUV which is valued at $473,181. Southwest Airlines Co makes up approx 0.06% of First Mercantile Trust Co’s portfolio.Telemus Capital reduced its stake in LUV by selling 625 shares or 10.75% in the most recent quarter. The Hedge Fund company now holds 5,190 shares of LUV which is valued at $202,929. Southwest Airlines Co makes up approx 0.02% of Telemus Capital’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in LUV in the latest quarter, The investment management firm added 58,396 additional shares and now holds a total of 823,642 shares of Southwest Airlines Co which is valued at $32,204,402. Southwest Airlines Co makes up approx 0.13% of Bnp Paribas Arbitrage Sa’s portfolio.Curbstone Financial Management Corp boosted its stake in LUV in the latest quarter, The investment management firm added 690 additional shares and now holds a total of 12,760 shares of Southwest Airlines Co which is valued at $498,916. Southwest Airlines Co makes up approx 0.16% of Curbstone Financial Management Corp’s portfolio.Washington Trust Bank boosted its stake in LUV in the latest quarter, The investment management firm added 174 additional shares and now holds a total of 2,704 shares of Southwest Airlines Co which is valued at $105,726. Southwest Airlines Co makes up approx 0.03% of Washington Trust Bank’s portfolio.

Southwest Airlines Co closed down -0.7 points or -1.79% at $38.47 with 69,32,903 shares getting traded on Friday. Post opening the session at $39.14, the shares hit an intraday low of $38.181 and an intraday high of $39.2 and the price fluctuated in this range throughout the day.Shares ended Friday 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. 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 was Downgraded by Argus to ” Hold” on Jul 25, 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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