Alpha Cubed Investments LLC Buys Shares of 6,913 Southwest Airlines Co (LUV)

Alpha Cubed Investments LLC bought a new position in Southwest Airlines Co (NYSE:LUV) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,913 shares of the airline’s stock, valued at approximately $402,000.

A number of other hedge funds also recently modified their holdings of the business. Prospera Financial Services Inc purchased a new stake in Southwest Airlines during the third quarter valued at approximately $615,000. Creative Planning lifted its position in Southwest Airlines by 3.5% during the third quarter. Creative Planning now owns 97,417 shares of the airline’s stock valued at $6,084,000 after acquiring an additional 3,284 shares during the last quarter. First Trust Advisors LP lifted its position in Southwest Airlines by 40.4% during the third quarter. First Trust Advisors LP now owns 1,257,418 shares of the airline’s stock valued at $78,526,000 after acquiring an additional 361,607 shares during the last quarter. IFP Advisors Inc lifted its position in Southwest Airlines by 28.1% during the third quarter. IFP Advisors Inc now owns 20,411 shares of the airline’s stock valued at $1,275,000 after acquiring an additional 4,479 shares during the last quarter. Finally, Hamel Associates Inc. lifted its position in Southwest Airlines by 80.8% during the third quarter. Hamel Associates Inc. now owns 44,525 shares of the airline’s stock valued at $2,781,000 after acquiring an additional 19,900 shares during the last quarter. Institutional investors and hedge funds own 78.03% of the company’s stock.

In other news, Director John T. Montford sold 430 shares of Southwest Airlines stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $58.27, for a total value of $25,056.10. Following the sale, the director now owns 23,853 shares in the company, valued at $1,389,914.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Mark R. Shaw sold 4,910 shares of Southwest Airlines 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 sale, the senior vice president now owns 11,546 shares in the company, valued at approximately $673,709.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,470 shares of company stock worth $674,941. 0.23% of the stock is owned by company insiders.



A number of research firms have issued reports on LUV. Buckingham Research decreased their price target on shares of Southwest Airlines from $73.00 to $65.00 and set a “buy” rating for the company in a report on Friday. Imperial Capital reaffirmed an “inline” rating and issued a $56.00 price target (down previously from $66.00) on shares of Southwest Airlines in a report on Friday. Raymond James decreased their price target on shares of Southwest Airlines from $68.00 to $60.00 and set an “outperform” rating for the company in a report on Friday. ValuEngine raised shares of Southwest Airlines from a “hold” rating to a “buy” rating in a report on Monday, September 17th. Finally, Stephens set a $69.00 price target on shares of Southwest Airlines and gave the stock a “buy” rating in a report on Friday, July 27th. Five research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $67.78.

LUV stock opened at $49.58 on Friday. The firm has a market cap of $33.16 billion, a P/E ratio of 14.17, a PEG ratio of 1.24 and a beta of 1.06. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.48. Southwest Airlines Co has a one year low of $48.33 and a one year high of $66.99.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, October 25th. The airline reported $1.08 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The company had revenue of $5.58 billion for the quarter, compared to analyst estimates of $5.56 billion. Southwest Airlines had a net margin of 16.90% and a return on equity of 22.16%. During the same quarter last year, the business earned $0.88 earnings per share. Research analysts predict that Southwest Airlines Co will post 4.16 earnings per share for the current year.

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, 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.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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

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