Southwest Airlines Co (NYSE:LUV) Shares Acquired by Strategic Wealth Advisors Group LLC

Strategic Wealth Advisors Group LLC increased its stake in Southwest Airlines Co (NYSE:LUV) by 2.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,198 shares of the airline’s stock after buying an additional 292 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Southwest Airlines were worth $598,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Sterling Investment Advisors Ltd. acquired a new stake in Southwest Airlines during the 3rd quarter valued at approximately $26,000. Smithfield Trust Co. lifted its holdings in Southwest Airlines by 130.4% during the 3rd quarter. Smithfield Trust Co. now owns 530 shares of the airline’s stock worth $28,000 after buying an additional 300 shares during the last quarter. Hudock Capital Group LLC lifted its holdings in Southwest Airlines by 596.4% during the 3rd quarter. Hudock Capital Group LLC now owns 585 shares of the airline’s stock worth $31,000 after buying an additional 501 shares during the last quarter. Global Wealth Management Investment Advisory Inc. lifted its holdings in Southwest Airlines by 242.8% during the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 713 shares of the airline’s stock worth $36,000 after buying an additional 505 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its holdings in Southwest Airlines by 40.0% during the 3rd quarter. JFS Wealth Advisors LLC now owns 700 shares of the airline’s stock worth $38,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 81.78% of the company’s stock.

Southwest Airlines stock traded down $0.06 during mid-day trading on Friday, hitting $58.18. 2,271,976 shares of the company’s stock traded hands, compared to its average volume of 4,195,180. The firm has a 50 day moving average price of $54.78 and a 200 day moving average price of $52.54. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.36. The company has a market cap of $31.31 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 1.50 and a beta of 1.48. Southwest Airlines Co has a one year low of $44.28 and a one year high of $58.77.

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

LUV has been the topic of a number of research analyst reports. Bank of America raised Southwest Airlines to a “buy” rating and set a $65.00 target price on the stock in a report on Monday, September 23rd. Stifel Nicolaus downgraded Southwest Airlines from a “buy” rating to a “hold” rating and cut their price target for the stock from $75.00 to $60.00 in a report on Monday, October 21st. Tigress Financial reissued a “buy” rating on shares of Southwest Airlines in a report on Thursday, September 26th. Zacks Investment Research raised Southwest Airlines from a “sell” rating to a “hold” rating and set a $59.00 price target on the stock in a report on Monday, September 16th. Finally, Citigroup began coverage on Southwest Airlines in a report on Thursday, October 31st. They issued a “neutral” rating and a $59.00 price target on the stock. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. Southwest Airlines presently has a consensus rating of “Hold” and a consensus price target of $58.95.

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

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