Southwest Airlines Co (LUV) : Appaloosa Lp reduced its stake in Southwest Airlines Co by 20.23% during the most recent quarter end. The investment management company now holds a total of 3,478,953 shares of Southwest Airlines Co which is valued at $127,051,364 after selling 882,008 shares in Southwest Airlines Co , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Southwest Airlines Co makes up approximately 3.15% of Appaloosa Lp’s portfolio.
Other Hedge Funds, Including , Geode Capital Management reduced its stake in LUV by selling 227,419 shares or 4.23% in the most recent quarter. The Hedge Fund company now holds 5,152,993 shares of LUV which is valued at $188,187,304. Southwest Airlines Co makes up approx 0.10% of Geode Capital Management’s portfolio.Tredje Ap-fonden boosted its stake in LUV in the latest quarter, The investment management firm added 19,715 additional shares and now holds a total of 35,257 shares of Southwest Airlines Co which is valued at $1,287,586. Southwest Airlines Co makes up approx 0.05% of Tredje Ap-fonden’s portfolio.Buckingham Capital Management Inc boosted its stake in LUV in the latest quarter, The investment management firm added 63,204 additional shares and now holds a total of 166,204 shares of Southwest Airlines Co which is valued at $6,069,770. Southwest Airlines Co makes up approx 0.33% of Buckingham Capital Management Inc’s portfolio. Timber Hill added LUV to its portfolio by purchasing 68,188 company shares during the most recent quarter which is valued at $2,580,916. Southwest Airlines Co makes up approx 0.21% of Timber Hill’s portfolio.Cibc World Markets reduced its stake in LUV by selling 64,782 shares or 29.84% in the most recent quarter. The Hedge Fund company now holds 152,331 shares of LUV which is valued at $5,762,682. Southwest Airlines Co makes up approx 0.02% of Cibc World Markets’s portfolio.
Southwest Airlines Co opened for trading at $36.41 and hit $36.54 on the upside on Monday, eventually ending the session at $36.45, with a gain of 0.50% or 0.18 points. The heightened volatility saw the trading volume jump to 41,08,749 shares. Company has a market cap of $22,607 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. 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.