Southwest Airlines Co (NYSE:LUV) Director Douglas H. Brooks sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $60.05, for a total transaction of $600,500.00. Following the completion of the sale, the director now directly owns 56,269 shares of the company’s stock, valued at approximately $3,378,953.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Shares of Southwest Airlines Co (NYSE LUV) traded down $0.71 during mid-day trading on Wednesday, hitting $59.62. 4,682,037 shares of the stock traded hands, compared to its average volume of 5,083,166. Southwest Airlines Co has a one year low of $49.76 and a one year high of $66.99. The firm has a market cap of $35,135.95, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The company had revenue of $5.27 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. sell-side analysts predict that Southwest Airlines Co will post 4.96 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in the company. Checchi Capital Advisers LLC grew its holdings in shares of Southwest Airlines by 15.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,580 shares of the airline’s stock valued at $431,000 after buying an additional 878 shares during the period. Buckingham Asset Management LLC grew its holdings in shares of Southwest Airlines by 14.5% in the 4th quarter. Buckingham Asset Management LLC now owns 7,004 shares of the airline’s stock valued at $458,000 after buying an additional 886 shares during the period. D.A. Davidson & CO. grew its holdings in shares of Southwest Airlines by 13.0% in the 4th quarter. D.A. Davidson & CO. now owns 7,890 shares of the airline’s stock valued at $516,000 after buying an additional 905 shares during the period. TrimTabs Asset Management LLC grew its holdings in shares of Southwest Airlines by 17.1% in the 3rd quarter. TrimTabs Asset Management LLC now owns 6,769 shares of the airline’s stock valued at $379,000 after buying an additional 990 shares during the period. Finally, First Allied Advisory Services Inc. grew its holdings in shares of Southwest Airlines by 4.2% in the 4th quarter. First Allied Advisory Services Inc. now owns 26,246 shares of the airline’s stock valued at $1,718,000 after buying an additional 1,047 shares during the period. 80.05% of the stock is owned by institutional investors.
LUV has been the subject of a number of research reports. Vetr lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating and set a $54.06 price target for the company. in a report on Wednesday, November 29th. Atlantic Securities raised shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $48.71 to $71.00 in a report on Thursday, December 14th. ValuEngine lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Bank of America lowered shares of Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 target price for the company. in a report on Tuesday, January 9th. Finally, Cowen reaffirmed a “buy” rating and set a $67.00 target price on shares of Southwest Airlines in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $67.83.
ILLEGAL ACTIVITY WARNING: This story was originally posted by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/03/14/douglas-h-brooks-sells-10000-shares-of-southwest-airlines-co-luv-stock.html.
About Southwest Airlines
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.
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.