Gofen & Glossberg LLC IL lifted its position in shares of Southwest Airlines Co (NYSE:LUV) by 53.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,548 shares of the airline’s stock after purchasing an additional 3,658 shares during the quarter. Gofen & Glossberg LLC IL’s holdings in Southwest Airlines were worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Private Capital Group LLC grew its holdings in shares of Southwest Airlines by 819.2% during the 1st quarter. Private Capital Group LLC now owns 1,866 shares of the airline’s stock worth $107,000 after purchasing an additional 1,663 shares in the last quarter. Clarus Wealth Advisors acquired a new stake in shares of Southwest Airlines during the 2nd quarter worth approximately $107,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Southwest Airlines during the 2nd quarter worth approximately $101,000. Point72 Hong Kong Ltd acquired a new stake in shares of Southwest Airlines during the 2nd quarter worth approximately $108,000. Finally, CWM LLC acquired a new stake in shares of Southwest Airlines during the 2nd quarter worth approximately $109,000. 77.99% of the stock is currently owned by institutional investors.

Southwest Airlines stock opened at $57.38 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.48. The company has a market cap of $35.79 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.24 and a beta of 1.06. Southwest Airlines Co has a one year low of $49.93 and a one year high of $66.99.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, July 26th. The airline reported $1.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.03. The business had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.75 billion. Southwest Airlines had a return on equity of 22.16% and a net margin of 16.90%. Southwest Airlines’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $1.24 EPS. On average, equities research analysts forecast that Southwest Airlines Co will post 4.2 EPS for the current fiscal year.

In other Southwest Airlines news, SVP Mark R. Shaw sold 4,910 shares of Southwest Airlines stock in a transaction on Monday, July 30th. The stock was sold at an average price of $58.35, for a total value of $286,498.50. Following the completion of the transaction, the senior vice president now owns 11,546 shares in the company, valued at approximately $673,709.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Andrew M. Watterson sold 6,130 shares of Southwest Airlines stock in a transaction on Friday, August 17th. The shares were sold at an average price of $59.28, for a total value of $363,386.40. Following the completion of the transaction, the executive vice president now owns 16,597 shares of the company’s stock, valued at approximately $983,870.16. The disclosure for this sale can be found here. Insiders have sold a total of 11,470 shares of company stock valued at $674,941 in the last 90 days. 0.23% of the stock is owned by corporate insiders.

Several analysts have recently weighed in on the company. ValuEngine raised Southwest Airlines from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Macquarie raised Southwest Airlines to an “outperform” rating in a report on Tuesday, September 18th. Imperial Capital reissued an “outperform” rating and set a $66.00 price objective (up previously from $60.00) on shares of Southwest Airlines in a report on Thursday, September 27th. Zacks Investment Research lowered Southwest Airlines from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Finally, Buckingham Research raised their target price on Southwest Airlines from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Southwest Airlines presently has a consensus rating of “Buy” and a consensus price target of $69.30.

Southwest Airlines Company Profile

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

Read More: What are the components of an earnings report?

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

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.