Gratry Co Exits Position in Southwest Airlines Co (LUV)

Southwest Airlines Co (LUV) : Gratry Co has sold out all of its stake in Southwest Airlines Co during the most recent quarter, according to the disclosure filed by the company on Aug 10, 2016 with the SEC. The investment management company has sold out 6,330 shares of Southwest Airlines Co which is valued at $231,172.

Other Hedge Funds, Including , Convergence Investment Partners boosted its stake in LUV in the latest quarter, The investment management firm added 22,711 additional shares and now holds a total of 62,426 shares of Southwest Airlines Co which is valued at $2,279,798. Southwest Airlines Co makes up approx 0.30% of Convergence Investment Partners’s portfolio.Atlanta Capital Group boosted its stake in LUV in the latest quarter, The investment management firm added 609 additional shares and now holds a total of 89,795 shares of Southwest Airlines Co which is valued at $3,362,823. Southwest Airlines Co makes up approx 0.72% of Atlanta Capital Group’s portfolio.New Vernon Investment Management reduced its stake in LUV by selling 5,408 shares or 12.92% in the most recent quarter. The Hedge Fund company now holds 36,442 shares of LUV which is valued at $1,379,330. Southwest Airlines Co makes up approx 1.18% of New Vernon Investment Management’s portfolio. Exane Derivatives sold out all of its stake in LUV during the most recent quarter. The investment firm sold 322,577 shares of LUV which is valued $11,574,063.Shell Asset Management Co boosted its stake in LUV in the latest quarter, The investment management firm added 32 additional shares and now holds a total of 7,745 shares of Southwest Airlines Co which is valued at $290,283. Southwest Airlines Co makes up approx 0.01% of Shell Asset Management Co’s portfolio.

Southwest Airlines Co closed down -0.49 points or -1.33% at $36.35 with 75,17,151 shares getting traded on Friday. Post opening the session at $36.71, the shares hit an intraday low of $36.3 and an intraday high of $36.8 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. 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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