It increased, as 43 investors sold LUV shares while 274 reduced holdings. Wealthstreet Investment Advisors LLC acquired a new stake in shares of Southwest Airlines in the fourth quarter valued at $56,737,000. The hedge fund run by Reid Walker held 1.87M shares of the air freight and delivery services company at the end of 2017Q4, valued at $122.12 million, up from 150,000 at the end of the previous reported quarter. Caisse DE Depot ET Placement DU Quebec raised its position in Southwest Airlines by 39.6% during the fourth quarter. Anchor Bolt Capital LP grew its stake in shares of Southwest Airlines by 221.9% in the fourth quarter. Finally, Element Capital Management LLC purchased a new stake in Southwest Airlines during the 4th quarter valued at approximately $49,928,000. Finally, American International Group Inc. lifted its stake in Southwest Airlines by 2.5% during the fourth quarter. Daiwa SB Investments Ltd. now owns 13,720 shares of the airline's stock worth $898,000 after acquiring an additional 6,120 shares during the last quarter. Zacks Investment Research's EPS averages are a mean average based on a survey of sell-side research firms that follow Southwest Airlines. Cowen reiterated a "buy" rating and issued a $67.00 target price on shares of Southwest Airlines in a research note on Tuesday, January 9th. Vetr upgraded Southwest Airlines from a "strong sell" rating to a "sell" rating and set a $60.23 price objective for the company in a report on Tuesday, December 26th. ValuEngine cut shares of Southwest Airlines from a "buy" rating to a "hold" rating in a research note on Wednesday, January 3rd.
Several analysts have issued reports on the stock. The stock now has an average rating of "Buy" and an average target price of $70.45.
Shares of LUV opened at $52.24 on Friday. The company has a market capitalization of $30,714.56, a price-to-earnings ratio of 15.08, a P/E/G ratio of 0.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.61 and a current ratio of 0.67. With 45 consecutive years of profitability, Southwest is one of the most honored airlines in the world, known for a triple bottom line approach that contributes to the carrier's performance and productivity, the importance of its People and the communities they serve, and an overall commitment to efficiency and the planet. (NYSE:LUV) news were published by: Seekingalpha.com which released: "Southwest cancels flights for inspections" on April 23, 2018, also Seekingalpha.com published article titled: "Southwest Fits Buffett's Investing Style", Streetinsider.com published: "Southwest Airlines (LUV) Confirms No Loss of Pressure on Diverted Flight, No Emergency Declared - Bloomberg" on May 02, 2018. The airline reported $0.75 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.01. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $5 billion.
The pilots of a Southwest Airlines jet struggled to control the plane after an engine blew apart at 32,000 feet over Pennsylvania last month. Currently, Southwest is seeking authorization from the FAA for Hawaii service. The stock was sold at an average price of $57.35, for a total value of $1,783,527.65. Also, Director Douglas H. Brooks sold 10,000 shares of Southwest Airlines stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $58.88, for a total transaction of $490,058.24.
Ws Management Lllp, which manages about $3.40B US Long portfolio, decreased its stake in Carmax Inc (NYSE:KMX) by 70,800 shares to 988,684 shares, valued at $63.40M in 2017Q4, according to the filing. The disclosure for this sale can be found here. (NYSE:LUV) shares. Wells Gregory D sold $490,066 worth of stock or 8,323 shares.