Southwest Airlines Co (LUV) Shares Bought by Millennium Management LLC

Millennium Management LLC boosted its position in Southwest Airlines Co (NYSE:LUV) by 107.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,349 shares of the airline’s stock after buying an additional 17,285 shares during the period. Millennium Management LLC’s holdings in Southwest Airlines were worth $1,697,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LUV. Flagship Harbor Advisors LLC purchased a new stake in Southwest Airlines in the second quarter valued at approximately $101,000. Clarus Wealth Advisors purchased a new stake in Southwest Airlines in the second quarter valued at approximately $107,000. Point72 Hong Kong Ltd purchased a new stake in Southwest Airlines in the 2nd quarter worth approximately $108,000. CWM LLC purchased a new stake in Southwest Airlines in the 2nd quarter worth approximately $109,000. Finally, Captrust Financial Advisors boosted its position in Southwest Airlines by 310.5% in the 2nd quarter. Captrust Financial Advisors now owns 2,299 shares of the airline’s stock worth $117,000 after purchasing an additional 1,739 shares in the last quarter. Hedge funds and other institutional investors own 77.98% of the company’s stock.

Shares of LUV stock opened at $47.91 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market cap of $28.41 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 1.08 and a beta of 1.06. Southwest Airlines Co has a 1-year low of $47.10 and a 1-year high of $66.99.



Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, October 25th. The airline reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.56 billion. Southwest Airlines had a return on equity of 22.27% and a net margin of 17.18%. During the same period in the prior year, the company posted $0.88 EPS. On average, sell-side analysts forecast that Southwest Airlines Co will post 4.11 earnings per share for the current fiscal year.

Several equities research analysts have commented on LUV shares. Morgan Stanley restated a “buy” rating on shares of Southwest Airlines in a research report on Tuesday, August 14th. ValuEngine upgraded Southwest Airlines from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Macquarie set a $71.00 price objective on Southwest Airlines and gave the stock a “buy” rating in a research report on Monday, September 17th. Buckingham Research upped their price objective on Southwest Airlines from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Finally, Argus upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $73.00 price objective on the stock in a research report on Friday, September 7th. Five investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Southwest Airlines presently has an average rating of “Buy” and an average target price of $67.78.

In other news, Director John T. Montford sold 430 shares of the company’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $58.27, for a total transaction of $25,056.10. Following the completion of the transaction, the director now directly owns 23,853 shares of the company’s stock, valued at approximately $1,389,914.31. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Andrew M. Watterson sold 6,130 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $59.28, for a total value of $363,386.40. Following the transaction, the executive vice president now directly owns 16,597 shares of the company’s stock, valued at $983,870.16. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

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.

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

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