Crestline Management LP bought a new stake in Southwest Airlines Co (NYSE:LUV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 72,422 shares of the airline’s stock, valued at approximately $3,366,000.
Several other institutional investors have also recently bought and sold shares of the company. Acadian Asset Management LLC bought a new stake in shares of Southwest Airlines in the fourth quarter valued at approximately $33,000. Cordasco Financial Network bought a new stake in shares of Southwest Airlines in the fourth quarter valued at approximately $37,000. Intercontinental Wealth Advisors LLC bought a new stake in shares of Southwest Airlines in the fourth quarter valued at approximately $44,000. Athena Capital Advisors LLC bought a new stake in shares of Southwest Airlines in the fourth quarter valued at approximately $45,000. Finally, Colrain Capital LLC bought a new stake in shares of Southwest Airlines in the fourth quarter valued at approximately $46,000. 79.84% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Wednesday, January 23rd. Imperial Capital restated an “in-line” rating and set a $60.00 target price (up from $52.00) on shares of Southwest Airlines in a research note on Friday, January 25th. Macquarie set a $65.00 price target on Southwest Airlines and gave the company a “buy” rating in a research note on Tuesday, January 29th. Credit Suisse Group reiterated a “hold” rating and issued a $56.00 price target (down from $60.00) on shares of Southwest Airlines in a research note on Thursday, February 21st. Finally, Wolfe Research cut Southwest Airlines from an “outperform” rating to a “peer perform” rating in a research note on Friday, March 8th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $61.76.
Shares of LUV opened at $51.37 on Friday. Southwest Airlines Co has a 52 week low of $44.28 and a 52 week high of $64.02. The firm has a market capitalization of $28.39 billion, a PE ratio of 12.12, a PEG ratio of 0.86 and a beta of 1.51. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.64 and a quick ratio of 0.58.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, January 24th. The airline reported $1.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.11. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.68 billion. Southwest Airlines had a return on equity of 24.56% and a net margin of 11.22%. Southwest Airlines’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 earnings per share. As a group, analysts expect that Southwest Airlines Co will post 5.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $0.64 dividend on an annualized basis and a yield of 1.25%. Southwest Airlines’s payout ratio is 15.09%.
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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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