Sciencast Management LP Sells 5,200 Shares of Southwest Airlines Co (LUV)

Sciencast Management LP lowered its stake in shares of Southwest Airlines Co (NYSE:LUV) by 42.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,000 shares of the airline’s stock after selling 5,200 shares during the quarter. Sciencast Management LP’s holdings in Southwest Airlines were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of LUV. Dynamic Technology Lab Private Ltd purchased a new stake in Southwest Airlines in the 3rd quarter valued at $382,000. Man Group plc raised its position in Southwest Airlines by 346.9% in the 3rd quarter. Man Group plc now owns 81,019 shares of the airline’s stock valued at $5,059,000 after buying an additional 62,888 shares during the last quarter. Mackenzie Financial Corp raised its position in Southwest Airlines by 13.4% in the 3rd quarter. Mackenzie Financial Corp now owns 12,659 shares of the airline’s stock valued at $791,000 after buying an additional 1,494 shares during the last quarter. Koshinski Asset Management Inc. raised its position in Southwest Airlines by 73.7% in the 3rd quarter. Koshinski Asset Management Inc. now owns 20,714 shares of the airline’s stock valued at $1,294,000 after buying an additional 8,792 shares during the last quarter. Finally, Kentucky Retirement Systems purchased a new stake in Southwest Airlines in the 3rd quarter valued at $1,084,000. 81.19% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Cowen lowered their price target on Southwest Airlines from $58.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, March 27th. Credit Suisse Group lowered their price target on Southwest Airlines from $56.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Imperial Capital decreased their target price on Southwest Airlines from $58.00 to $55.00 and set an “in-line” rating for the company in a research report on Wednesday, March 20th. Finally, Argus reaffirmed a “buy” rating on shares of Southwest Airlines in a research report on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $58.64.

Shares of Southwest Airlines stock traded up $0.28 during trading hours on Friday, hitting $52.74. 2,556,507 shares of the company’s stock traded hands, compared to its average volume of 3,252,259. Southwest Airlines Co has a 12-month low of $44.28 and a 12-month high of $64.02. The firm has a market cap of $28.49 billion, a PE ratio of 12.44, a P/E/G ratio of 1.32 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.57.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, April 25th. The airline reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. Southwest Airlines had a return on equity of 23.94% and a net margin of 10.78%. The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter last year, the firm posted $0.79 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, equities analysts anticipate that Southwest Airlines Co will post 4.67 EPS for the current fiscal year.

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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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