14,446 Shares in Southwest Airlines Co. (NYSE:LUV) Bought by Everpar Advisors LLC

Everpar Advisors LLC bought a new stake in shares of Southwest Airlines Co. (NYSE:LUV) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,446 shares of the airline’s stock, valued at approximately $417,000.

Several other institutional investors and hedge funds also recently bought and sold shares of LUV. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Southwest Airlines by 106.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 2,556,536 shares of the airline’s stock valued at $69,205,000 after purchasing an additional 1,318,361 shares in the last quarter. U S Global Investors Inc. grew its stake in shares of Southwest Airlines by 24.9% during the fourth quarter. U S Global Investors Inc. now owns 6,210,347 shares of the airline’s stock worth $179,355,000 after buying an additional 1,238,468 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in Southwest Airlines during the 3rd quarter valued at approximately $13,193,000. Provident Trust Co. boosted its holdings in Southwest Airlines by 6.5% in the fourth quarter. Provident Trust Co. now owns 7,599,210 shares of the airline’s stock worth $219,465,000 after acquiring an additional 460,480 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in Southwest Airlines by 34.9% during the third quarter. Great Lakes Advisors LLC now owns 1,619,499 shares of the airline’s stock worth $43,840,000 after buying an additional 418,624 shares in the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Southwest Airlines Price Performance

Shares of NYSE LUV traded up $0.19 during midday trading on Wednesday, reaching $27.19. 6,456,103 shares of the company traded hands, compared to its average volume of 9,040,245. The stock’s 50-day simple moving average is $29.27 and its 200-day simple moving average is $28.63. Southwest Airlines Co. has a 12 month low of $21.91 and a 12 month high of $39.53. The firm has a market cap of $16.27 billion, a PE ratio of 43.16, a PEG ratio of 1.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.09.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, April 25th. The airline reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The firm had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.42 billion. Southwest Airlines had a net margin of 1.59% and a return on equity of 8.91%. Southwest Airlines’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned ($0.27) EPS. As a group, equities analysts anticipate that Southwest Airlines Co. will post 1.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on LUV. UBS Group initiated coverage on shares of Southwest Airlines in a report on Wednesday, March 20th. They set a “buy” rating and a $36.00 target price on the stock. StockNews.com lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Argus upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, March 12th. Raymond James restated an “outperform” rating and set a $30.00 price objective (down previously from $33.00) on shares of Southwest Airlines in a research report on Friday, April 26th. Finally, Sanford C. Bernstein decreased their target price on shares of Southwest Airlines from $27.00 to $26.00 and set a “market perform” rating on the stock in a research note on Monday. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.24.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.