Unigestion Holding SA lessened its position in Southwest Airlines Co (NYSE:LUV) by 30.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 14,185 shares of the airline’s stock after selling 6,304 shares during the period. Unigestion Holding SA’s holdings in Southwest Airlines were worth $766,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can lifted its stake in shares of Southwest Airlines by 2.5% in the 2nd quarter. Bank of Montreal Can now owns 6,292,464 shares of the airline’s stock worth $319,532,000 after acquiring an additional 154,845 shares during the period. AQR Capital Management LLC lifted its stake in shares of Southwest Airlines by 50.7% in the 2nd quarter. AQR Capital Management LLC now owns 5,547,705 shares of the airline’s stock worth $281,712,000 after acquiring an additional 1,865,500 shares during the period. Provident Trust Co. lifted its stake in shares of Southwest Airlines by 5.2% in the 3rd quarter. Provident Trust Co. now owns 4,129,025 shares of the airline’s stock worth $223,009,000 after acquiring an additional 204,395 shares during the period. Nuveen Asset Management LLC lifted its stake in shares of Southwest Airlines by 333.6% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,739,565 shares of the airline’s stock worth $189,895,000 after acquiring an additional 2,877,170 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of Southwest Airlines by 0.7% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 3,645,930 shares of the airline’s stock worth $185,140,000 after acquiring an additional 26,100 shares during the period. Institutional investors own 81.78% of the company’s stock.

Shares of NYSE LUV traded down $0.06 during midday trading on Friday, hitting $58.18. The company had a trading volume of 2,271,976 shares, compared to its average volume of 4,195,180. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.36. Southwest Airlines Co has a twelve month low of $44.28 and a twelve month high of $58.77. The business has a 50-day simple moving average of $54.78 and a two-hundred day simple moving average of $52.54. The firm has a market capitalization of $31.31 billion, a price-to-earnings ratio of 13.72, a price-to-earnings-growth ratio of 1.50 and a beta of 1.48.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.15. Southwest Airlines had a net margin of 10.90% and a return on equity of 24.71%. The firm had revenue of $5.64 billion during the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter last year, the business earned $1.08 earnings per share. The business’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts forecast that Southwest Airlines Co will post 4.38 EPS for the current year.

Several analysts have recently commented on the stock. Argus cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Macquarie upgraded shares of Southwest Airlines from a “neutral” rating to an “outperform” rating and set a $67.00 target price for the company in a research note on Friday, September 13th. Zacks Investment Research upgraded shares of Southwest Airlines from a “sell” rating to a “hold” rating and set a $59.00 target price for the company in a research note on Monday, September 16th. Tigress Financial restated a “buy” rating on shares of Southwest Airlines in a research note on Thursday, September 26th. Finally, Credit Suisse Group raised their target price on shares of Southwest Airlines from $55.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $58.95.

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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