491,029 Shares in Southwest Airlines Co (LUV) Acquired by Ashler Capital LLC
Ashler Capital LLC acquired a new stake in Southwest Airlines Co (NYSE:LUV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 491,029 shares of the airline’s stock, valued at approximately $24,984,000. Southwest Airlines accounts for approximately 1.3% of Ashler Capital LLC’s holdings, making the stock its 16th biggest holding. Ashler Capital LLC owned about 0.09% of Southwest Airlines as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently made changes to their positions in LUV. Private Capital Group LLC boosted its position in shares of Southwest Airlines by 819.2% during the 1st quarter. Private Capital Group LLC now owns 1,866 shares of the airline’s stock worth $107,000 after purchasing an additional 1,663 shares in the last quarter. Clarus Wealth Advisors purchased a new stake in shares of Southwest Airlines during the 2nd quarter worth $107,000. CWM LLC purchased a new stake in shares of Southwest Airlines during the 2nd quarter worth $109,000. Archford Capital Strategies LLC purchased a new stake in shares of Southwest Airlines during the 1st quarter worth $121,000. Finally, Transamerica Financial Advisors Inc. purchased a new stake in shares of Southwest Airlines during the 1st quarter worth $128,000. 78.15% of the stock is currently owned by institutional investors.
Several equities research analysts have commented on the stock. Wolfe Research lowered shares of Southwest Airlines from an “outperform” rating to a “peer perform” rating in a research report on Friday, August 24th. Imperial Capital boosted their target price on shares of Southwest Airlines from $54.00 to $60.00 and gave the stock an “inline” rating in a research report on Wednesday, August 22nd. Morgan Stanley restated a “buy” rating on shares of Southwest Airlines in a research report on Tuesday, August 14th. Stephens set a $69.00 target price on shares of Southwest Airlines and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, Buckingham Research boosted their target price on shares of Southwest Airlines from $66.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 27th. Six investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $66.93.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, July 26th. The airline reported $1.26 EPS for the quarter, topping the consensus estimate of $1.23 by $0.03. Southwest Airlines had a net margin of 16.90% and a return on equity of 22.16%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.75 billion. During the same period in the previous year, the firm earned $1.24 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. analysts forecast that Southwest Airlines Co will post 4.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 12th. Investors of record on Wednesday, August 22nd will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, August 21st. This represents a $0.64 annualized dividend and a dividend yield of 1.05%. Southwest Airlines’s dividend payout ratio is presently 18.29%.
In other Southwest Airlines news, EVP Andrew M. Watterson sold 6,130 shares of the company’s stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $59.28, for a total value of $363,386.40. Following the transaction, the executive vice president now directly owns 16,597 shares in the company, valued at approximately $983,870.16. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Mark R. Shaw sold 4,910 shares of the company’s stock in a transaction dated Monday, July 30th. The shares were sold at an average price of $58.35, for a total transaction of $286,498.50. Following the completion of the transaction, the senior vice president now owns 11,546 shares in the company, valued at $673,709.10. The disclosure for this sale can be found here. Insiders sold a total of 11,470 shares of company stock worth $674,941 over the last quarter. Insiders own 0.23% of the company’s stock.
Southwest Airlines 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, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 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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