Autus Asset Management LLC Invests $245,000 in Southwest Airlines Co. (NYSE:LUV)

Autus Asset Management LLC bought a new stake in Southwest Airlines Co. (NYSE:LUVGet Rating) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,360 shares of the airline’s stock, valued at approximately $245,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Archer Investment Corp acquired a new stake in shares of Southwest Airlines in the 4th quarter valued at approximately $25,000. CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Southwest Airlines during the 4th quarter valued at approximately $26,000. Cornerstone Advisory LLC bought a new stake in Southwest Airlines in the 4th quarter valued at about $27,000. Manchester Capital Management LLC bought a new position in shares of Southwest Airlines in the fourth quarter valued at approximately $30,000. Finally, Cassady Schiller Wealth Management LLC acquired a new stake in Southwest Airlines during the fourth quarter valued at approximately $33,000. Institutional investors own 76.74% of the company’s stock.

Several equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $60.00 price objective on shares of Southwest Airlines in a research report on Friday, April 29th. Citigroup increased their target price on Southwest Airlines from $48.00 to $53.00 in a research note on Monday, May 2nd. StockNews.com initiated coverage on shares of Southwest Airlines in a research note on Thursday, March 31st. They set a “hold” rating for the company. Argus decreased their price target on shares of Southwest Airlines from $58.00 to $50.00 in a report on Tuesday, March 22nd. Finally, Morgan Stanley raised their target price on Southwest Airlines from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $54.00.

Shares of NYSE LUV opened at $35.69 on Thursday. The firm has a market capitalization of $21.16 billion, a PE ratio of 37.97, a P/E/G ratio of 2.22 and a beta of 0.92. The business’s fifty day moving average price is $43.56 and its two-hundred day moving average price is $43.56. Southwest Airlines Co. has a 1-year low of $34.36 and a 1-year high of $56.33. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.87 and a quick ratio of 1.81.

Southwest Airlines (NYSE:LUVGet Rating) last issued its earnings results on Thursday, April 28th. The airline reported ($0.32) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.02. Southwest Airlines had a net margin of 3.17% and a negative return on equity of 4.39%. The company had revenue of $4.69 billion during the quarter, compared to analyst estimates of $4.67 billion. During the same quarter last year, the business posted ($1.72) EPS. The company’s revenue for the quarter was up 128.8% on a year-over-year basis. Equities research analysts expect that Southwest Airlines Co. will post 2.66 earnings per share for the current fiscal year.

In other news, Director John T. Montford sold 2,300 shares of the firm’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $45.70, for a total transaction of $105,110.00. Following the sale, the director now owns 23,296 shares of the company’s stock, valued at $1,064,627.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.32% of the stock is owned by company insiders.

Southwest Airlines Company Profile (Get Rating)

Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 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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