Trustcore Financial Services LLC bought a new position in shares of Southwest Airlines Co (NYSE:LUV) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,763 shares of the airline’s stock, valued at approximately $299,000.

Several other institutional investors have also modified their holdings of LUV. Paragon Capital Management LLC acquired a new stake in Southwest Airlines during the first quarter valued at $26,000. Shine Investment Advisory Services Inc. grew its position in Southwest Airlines by 208.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 616 shares of the airline’s stock valued at $32,000 after buying an additional 416 shares during the period. Acadian Asset Management LLC acquired a new stake in Southwest Airlines during the fourth quarter valued at $33,000. Destination Wealth Management grew its position in Southwest Airlines by 107.9% during the first quarter. Destination Wealth Management now owns 634 shares of the airline’s stock valued at $33,000 after buying an additional 329 shares during the period. Finally, Field & Main Bank acquired a new stake in Southwest Airlines during the first quarter valued at $35,000. 81.66% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE LUV traded up $0.94 during trading on Thursday, hitting $52.95. The company had a trading volume of 154,146 shares, compared to its average volume of 4,889,627. Southwest Airlines Co has a fifty-two week low of $44.28 and a fifty-two week high of $64.02. The firm has a market cap of $27.66 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 1.28 and a beta of 1.49. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 0.28.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, April 25th. The airline reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.09. Southwest Airlines had a net margin of 10.78% and a return on equity of 23.94%. The business had revenue of $5.15 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the business earned $0.79 earnings per share. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. Equities research analysts anticipate that Southwest Airlines Co will post 4.67 EPS for the current fiscal year.

LUV has been the topic of several analyst reports. Macquarie lowered shares of Southwest Airlines from an “outperform” rating to a “neutral” rating in a research report on Friday, February 22nd. Goldman Sachs Group raised their price target on shares of Southwest Airlines to $49.00 and gave the company a “sell” rating in a research report on Wednesday, March 20th. Imperial Capital restated an “in-line” rating and set a $58.00 price target (down previously from $60.00) on shares of Southwest Airlines in a research report on Thursday, February 21st. ValuEngine lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. Finally, Cowen restated a “market perform” rating and set a $58.00 price target (up previously from $54.00) on shares of Southwest Airlines in a research report on Friday, January 25th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $58.64.

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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, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 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.

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

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