Beach Investment Counsel Inc. PA trimmed its position in Southwest Airlines Company (NYSE:LUV) by 43.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 161,541 shares of the airline’s stock after selling 125,400 shares during the quarter. Beach Investment Counsel Inc. PA’s holdings in Southwest Airlines were worth $9,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Macquarie Group Ltd. raised its stake in shares of Southwest Airlines by 7.7% in the second quarter. Macquarie Group Ltd. now owns 216,819 shares of the airline’s stock valued at $13,472,000 after purchasing an additional 15,575 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Southwest Airlines by 2.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 466,121 shares of the airline’s stock valued at $28,965,000 after purchasing an additional 10,851 shares in the last quarter. Columbus Circle Investors raised its stake in shares of Southwest Airlines by 28.2% in the second quarter. Columbus Circle Investors now owns 220,903 shares of the airline’s stock valued at $13,727,000 after purchasing an additional 48,632 shares in the last quarter. Marshall Wace North America L.P. raised its stake in shares of Southwest Airlines by 912.7% in the second quarter. Marshall Wace North America L.P. now owns 49,855 shares of the airline’s stock valued at $3,091,000 after purchasing an additional 44,932 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in shares of Southwest Airlines by 5.5% in the second quarter. Neuberger Berman Group LLC now owns 100,019 shares of the airline’s stock valued at $6,215,000 after purchasing an additional 5,188 shares in the last quarter. Institutional investors and hedge funds own 79.55% of the company’s stock.

In other Southwest Airlines news, Director William H. Dr Cunningham purchased 4,500 shares of the stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $54.00 per share, with a total value of $243,000.00. Following the acquisition, the director now owns 66,969 shares of the company’s stock, valued at $3,616,326. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

A number of research analysts recently commented on the company. Wolfe Research lowered Southwest Airlines from an “outperform” rating to a “market perform” rating and set a $63.00 target price for the company. in a research note on Monday, July 10th. They noted that the move was a valuation call. Morgan Stanley restated an “overweight” rating and issued a $66.00 target price (up from $65.00) on shares of Southwest Airlines in a research note on Monday, July 10th. BidaskClub lowered Southwest Airlines from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, July 4th. Finally, Sanford C. Bernstein restated an “outperform” rating and issued a $70.00 target price on shares of Southwest Airlines in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $67.13.

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Shares of Southwest Airlines Company (NYSE:LUV) traded down 0.886% during mid-day trading on Tuesday, hitting $54.245. The stock had a trading volume of 1,251,159 shares. The stock has a 50 day moving average price of $56.57 and a 200 day moving average price of $57.46. Southwest Airlines Company has a 52 week low of $39.33 and a 52 week high of $64.39. The firm has a market cap of $32.47 billion, a PE ratio of 16.634 and a beta of 1.32.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The company had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. Southwest Airlines’s revenue was up 2.6% on a year-over-year basis. Equities research analysts expect that Southwest Airlines Company will post $3.57 EPS for the current fiscal year.

Southwest Airlines Profile

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

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Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

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