Quotient Investors LLC acquired a new stake in Southwest Airlines Company (NYSE:LUV) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,367 shares of the airline’s stock, valued at approximately $412,000.

Several other large investors have also recently bought and sold shares of the company. Guardian Life Insurance Co. of America raised its position in shares of Southwest Airlines by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock valued at $128,000 after buying an additional 15 shares during the last quarter. Stonebridge Capital Advisors LLC raised its position in shares of Southwest Airlines by 0.6% in the second quarter. Stonebridge Capital Advisors LLC now owns 6,356 shares of the airline’s stock valued at $395,000 after buying an additional 35 shares during the last quarter. Bank of Hawaii raised its position in shares of Southwest Airlines by 0.3% in the second quarter. Bank of Hawaii now owns 12,906 shares of the airline’s stock valued at $802,000 after buying an additional 39 shares during the last quarter. First Heartland Consultants Inc. raised its position in shares of Southwest Airlines by 0.3% in the first quarter. First Heartland Consultants Inc. now owns 16,293 shares of the airline’s stock valued at $876,000 after buying an additional 43 shares during the last quarter. Finally, Harwood Advisory Group LLC raised its position in shares of Southwest Airlines by 0.9% in the second quarter. Harwood Advisory Group LLC now owns 5,607 shares of the airline’s stock valued at $348,000 after buying an additional 51 shares during the last quarter. 79.41% of the stock is owned by institutional investors and hedge funds.

WARNING: “Quotient Investors LLC Takes $412,000 Position in Southwest Airlines Company (LUV)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this article can be viewed at https://www.thecerbatgem.com/2017/10/20/quotient-investors-llc-takes-412000-position-in-southwest-airlines-company-luv.html.

Southwest Airlines Company (LUV) traded up 1.26% during midday trading on Friday, hitting $59.37. 4,903,117 shares of the stock traded hands. The company has a 50-day moving average price of $55.73 and a 200-day moving average price of $57.27. The firm has a market cap of $35.54 billion, a P/E ratio of 18.21 and a beta of 1.32. Southwest Airlines Company has a 1-year low of $36.91 and a 1-year high of $64.39.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, July 27th. The airline reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. The firm had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 earnings per share. Analysts predict that Southwest Airlines Company will post $3.62 EPS for the current year.

In other Southwest Airlines news, Director William H. Dr Cunningham acquired 4,500 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average price of $54.00 per share, with a total value of $243,000.00. Following the completion of the transaction, the director now owns 66,969 shares in the company, valued at $3,616,326. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.21% of the stock is currently owned by company insiders.

LUV has been the subject of a number of analyst reports. Cowen and Company reissued a “buy” rating and issued a $67.00 price objective on shares of Southwest Airlines in a research report on Friday, July 28th. BidaskClub lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Sunday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Southwest Airlines in a research report on Tuesday, September 12th. Bank of America Corporation boosted their price objective on shares of Southwest Airlines from $62.00 to $75.00 and gave the company a “buy” rating in a research report on Friday, June 30th. Finally, Vetr lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $63.80 price objective for the company. in a research report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. Southwest Airlines has a consensus rating of “Buy” and a consensus target price of $66.95.

Southwest Airlines Profile

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.

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

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