Holland Capital Management Lowers stake in Southwest Airlines Co (LUV)

Southwest Airlines Co (LUV) : Holland Capital Management reduced its stake in Southwest Airlines Co by 46.36% during the most recent quarter end. The investment management company now holds a total of 1,551,333 shares of Southwest Airlines Co which is valued at $56,654,681 after selling 1,340,744 shares in Southwest Airlines Co , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Southwest Airlines Co makes up approximately 2.10% of Holland Capital Management’s portfolio.

Other Hedge Funds, Including , Gratry Co sold out all of its stake in LUV during the most recent quarter. The investment firm sold 6,330 shares of LUV which is valued $231,172.Los Angeles Capital Management Equity Research Inc reduced its stake in LUV by selling 325 shares or 5.83% in the most recent quarter. The Hedge Fund company now holds 5,249 shares of LUV which is valued at $195,473. Drill Craig A sold out all of its stake in LUV during the most recent quarter. The investment firm sold 8,100 shares of LUV which is valued $306,585. Tdam Usa added LUV to its portfolio by purchasing 5,329 company shares during the most recent quarter which is valued at $201,703. Southwest Airlines Co makes up approx 0.01% of Tdam Usa’s portfolio.Bremer Trust National Association reduced its stake in LUV by selling 749 shares or 1.81% in the most recent quarter. The Hedge Fund company now holds 40,520 shares of LUV which is valued at $1,532,872. Southwest Airlines Co makes up approx 0.41% of Bremer Trust National Association’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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