Southwest Airlines Co. $LUV Holdings Decreased by MGO One Seven LLC

MGO One Seven LLC lessened its position in shares of Southwest Airlines Co. (NYSE:LUV) by 64.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,232 shares of the airline’s stock after selling 15,243 shares during the period. MGO One Seven LLC’s holdings in Southwest Airlines were worth $343,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of LUV. Primecap Management Co. CA bought a new stake in Southwest Airlines during the second quarter valued at $2,509,179,000. BlackRock Inc. acquired a new stake in Southwest Airlines during the 2nd quarter worth about $1,538,382,000. Dimensional Fund Advisors LP raised its position in shares of Southwest Airlines by 2.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,763,154 shares of the airline’s stock worth $216,472,000 after acquiring an additional 117,833 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Southwest Airlines in the 2nd quarter worth about $234,872,000. Finally, U S Global Investors Inc. lifted its stake in shares of Southwest Airlines by 13.9% in the 3rd quarter. U S Global Investors Inc. now owns 2,260,841 shares of the airline’s stock valued at $94,141,000 after purchasing an additional 275,204 shares during the period. Institutional investors and hedge funds own 80.82% of the company’s stock.

Southwest Airlines Price Performance

Shares of NYSE:LUV opened at $46.33 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.47 and a debt-to-equity ratio of 0.51. Southwest Airlines Co. has a twelve month low of $31.15 and a twelve month high of $55.11. The stock’s 50 day moving average is $41.29 and its 200-day moving average is $43.55. The firm has a market capitalization of $22.68 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 0.67 and a beta of 1.23.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Wednesday, October 21st. The airline reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.09. Southwest Airlines had a net margin of 3.34% and a return on equity of 18.05%. The business had revenue of $8.42 billion during the quarter, compared to the consensus estimate of $8.25 billion. During the same quarter last year, the firm posted $0.11 EPS. Southwest Airlines’s revenue was up 21.2% compared to the same quarter last year. Sell-side analysts forecast that Southwest Airlines Co. will post 2.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on LUV. BMO Capital Markets cut their target price on Southwest Airlines from $60.00 to $50.00 and set an “outperform” rating on the stock in a research report on Monday, September 28th. JPMorgan Chase & Co. lowered their target price on Southwest Airlines from $59.00 to $58.00 and set an “overweight” rating for the company in a report on Friday, October 23rd. Rothschild & Co Redburn raised Southwest Airlines from a “sell” rating to a “neutral” rating and boosted their price target for the company from $35.00 to $40.00 in a research note on Friday, September 18th. Wall Street Zen lowered Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, September 5th. Finally, TD Cowen increased their price target on Southwest Airlines from $47.00 to $48.00 and gave the stock a “buy” rating in a report on Thursday, October 29th. Eleven analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, Southwest Airlines presently has a consensus rating of “Hold” and a consensus target price of $48.20.

Southwest Airlines Company Profile