Big Money Sentiment About Southwest Airlines Co (NYSE:LUV) Crashed to 0.88

June 27, 2018 - By Mark Williams

Southwest Airlines Co. (NYSE:LUV) Corporate Logo

Positions for Southwest Airlines Co (NYSE:LUV)

“Big money sentiment for Southwest Airlines Co (NYSE:LUV) in Q1 2018 decreased to 0.88, SEC.gov filings reveal. So its down -0.08, from 2017Q4’s 0.96. 287 active investment managers increased and opened new equity positions, while 328 trimmed and sold stakes in Southwest Airlines Co so the sentiment dived. Funds own 440.55 million shares, down from 452.86 million shares in 2017Q4. Funds holding Southwest Airlines Co in top 10 decreased from 20 to 14 for a decrease of 6. 79 Investors Sold All; 249 Reduced Holdings; 222 increased holdings while 65 active investment managers bought holdings.

Most Southwest Airlines Co Shareholders

Greenbrier Partners Capital Management Llc owns 1.26 million shares in Southwest Airlines Co as of Q1 2018. As of Q1 2018, 222,553 shares of Southwest Airlines Co are owned by U S Global Investors Inc. Further, Provident Trust Co reported 2.71 million shares in Southwest Airlines Co equivalent to 6.19% of its long stock exposure. The Oklahoma-based fund Gibraltar Capital Management Inc. have invested about 5.71% of the institutional investor’s stock portfolio in Southwest Airlines Co. The United Kingdom-based fund Egerton Capital (Uk) Llp looks positive on Southwest Airlines Co, owning 10.26 million shares.

Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets.The firm is worth $29.21 billion. As of December 31, 2016, the firm operated a total of 723 Boeing 737 aircraft; and served 101 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 8 near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, and Cuba.8.31 is the P/E ratio. It also sells frequent flyer points and related services to business partners participating in the Rapid Rewards frequent flyer program, such as car rental agencies, hotels, restaurants, and retailers.

LUV reached $50.385 during the last trading session after $0.785 change.Currently Southwest Airlines Co. is downtrending after 13.23% change in last June 27, 2017. LUV has also 1.41 million shares volume. LUV underperformed the S&P500 by 25.80%.

Southwest Airlines Co. (NYSE:LUV)’s earnings report is awaited by WallStreet on July, 26, as reported by RTT. This year’s EPS analyst estimate is awaited to be $1.35. That is 8.87 % up compareed to $1.24 EPS for last year. LUV’s profit could be $782.72M with 9.33 P/E in case $1.35 EPS is reported. Wall Street now sees 80.00 % EPS growth despite Southwest Airlines Co. previous quarter’s EPS of $0.75.

Eqis Management owns 0.09% invested in Southwest Airlines Co. (NYSE:LUV) for 31,076 shs. Prelude Capital Management Llc holds 0.01% of its capital in Southwest Airlines Co. (NYSE:LUV) for 1,417 shs. Salem Counselors invested 0% of its capital in Southwest Airlines Co. (NYSE:LUV). 160,100 were reported by Mackay Shields Limited Liability Company. Eaton Vance Mngmt invested 0.02% of its capital in Southwest Airlines Co. (NYSE:LUV). 506,900 were reported by Lsv Asset Mngmt. 202 were reported by Ltd Ltd Liability Company. 1St Source National Bank holds 0.03% or 6,649 shs. Bp Public Limited Liability Corporation reported 0.04% of its capital in Southwest Airlines Co. (NYSE:LUV). Hightower Advisors Limited stated it has 0.1% of its capital in Southwest Airlines Co. (NYSE:LUV). Blume Mgmt Inc accumulated 0.02% or 675 shs. Cibc Asset Management owns 227,522 shs. Burney holds 0.25% of its capital in Southwest Airlines Co. (NYSE:LUV) for 71,577 shs. Moreover, Conning Inc has 0.03% invested in Southwest Airlines Co. (NYSE:LUV). Moreover, Jpmorgan Chase And has 0.11% invested in Southwest Airlines Co. (NYSE:LUV).

Southwest Airlines Co. registered $5.57 million net activity with 1 buying transaction and 6 sales since February 12, 2018. On Wednesday, February 21 20,272 shs were sold by Romo Tammy, worth $1.17 million. KELLY GARY C sold $1.58M worth of Southwest Airlines Co. (NYSE:LUV) or 27,271 shs on Wednesday, February 21. Shares for $196,875 were bought by CUNNINGHAM WILLIAM H DR. Another trade for 8,323 shs valued at $490,066 was made by Wells Gregory D on Tuesday, February 27. BROOKS DOUGLAS H had sold 10,000 shs worth $600,491.

Southwest Airlines Co. (NYSE:LUV) Ratings Coverage

Total analysts of 15 have positions in Southwest Airlines (NYSE:LUV) as follows: 10 rated it a “Buy”, 0 with “Sell” and 5 with “Hold”. The positive are 67%. The firm has $81.0 highest while $6200 is the lowest target. The average target $66 is 30.99% above the last ($50.385) price. Since January 8, 2018 according to StockzIntelligence Inc Southwest Airlines has 24 analyst reports. In Monday, January 8 report Stephens maintained it with “Buy” rating and $81.0 target. On Thursday, March 22 the stock has “Buy” rating by UBS. In Monday, January 8 report Cowen & Co maintained it with “Buy” rating and $67.0 target. In Tuesday, January 30 report J.P. Morgan downgraded it to “Hold” rating and $70.0 target. On Monday, March 26 the stock of Southwest Airlines Co. (NYSE:LUV) earned “Overweight” rating by Morgan Stanley. On Friday, April 27 Cowen & Co maintained Southwest Airlines Co. (NYSE:LUV) with “Buy” rating. On Thursday, March 29 the stock has “Buy” rating by Stephens. On Wednesday, June 13 the stock of Southwest Airlines Co. (NYSE:LUV) earned “Buy” rating by Buckingham Research. In Monday, May 14 report Buckingham Research maintained the stock with “Buy” rating. In Monday, June 11 report Deutsche Bank maintained the stock with “Buy” rating.

For more Southwest Airlines Co. (NYSE:LUV) news released recently go to: Seekingalpha.com, Bizjournals.com, Seekingalpha.com, Bizjournals.com or Seekingalpha.com. The titles are as follows: “Passengers sue Southwest over fatal engine explosion” released on June 21, 2018, “Southwest, Delta respond to Dallas’ proposal to solve Love Field dispute” on June 14, 2018, “JetBlue: Leading The Way In May” with a publish date: June 26, 2018, “Sky Harbor reports increase in May passengers” and the last “Southwest Airlines: Do You Let The Plane Crash?” with publication date: June 26, 2018.

Southwest Airlines Co. (NYSE:LUV) Institutional Investors Chart

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