Everpar Advisors LLC Buys Shares of 14,446 Southwest Airlines Co. (NYSE:LUV)

Everpar Advisors LLC acquired a new position in shares of Southwest Airlines Co. (NYSE:LUV) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,446 shares of the airline’s stock, valued at approximately $417,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Hexagon Capital Partners LLC increased its stake in shares of Southwest Airlines by 374.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 858 shares of the airline’s stock worth $25,000 after acquiring an additional 677 shares in the last quarter. Capital Advisors Ltd. LLC boosted its position in shares of Southwest Airlines by 82.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock worth $26,000 after purchasing an additional 414 shares in the last quarter. First Horizon Advisors Inc. acquired a new stake in Southwest Airlines during the 4th quarter valued at approximately $29,000. Motco boosted its position in Southwest Airlines by 151.0% during the third quarter. Motco now owns 1,187 shares of the airline’s stock worth $32,000 after purchasing an additional 714 shares in the last quarter. Finally, Keener Financial Planning LLC acquired a new stake in shares of Southwest Airlines in the fourth quarter valued at approximately $40,000. 80.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on LUV. Barclays decreased their price objective on shares of Southwest Airlines from $30.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Jefferies Financial Group cut Southwest Airlines from a “hold” rating to an “underperform” rating and reduced their target price for the company from $28.00 to $20.00 in a research note on Monday, April 29th. Deutsche Bank Aktiengesellschaft raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and upped their price target for the company from $28.00 to $42.00 in a report on Tuesday, February 20th. TD Cowen lowered their target price on Southwest Airlines from $26.00 to $25.00 and set a “hold” rating on the stock in a research note on Friday, April 26th. Finally, Raymond James reissued an “outperform” rating and set a $30.00 price objective (down previously from $33.00) on shares of Southwest Airlines in a report on Friday, April 26th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Southwest Airlines currently has an average rating of “Hold” and an average price target of $30.24.

Southwest Airlines Price Performance

LUV stock traded up $0.19 during mid-day trading on Wednesday, reaching $27.19. The company’s stock had a trading volume of 6,456,103 shares, compared to its average volume of 9,040,245. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. The stock has a market cap of $16.27 billion, a PE ratio of 43.16, a P/E/G ratio of 1.37 and a beta of 1.16. The company’s 50 day moving average is $29.27 and its two-hundred day moving average is $28.63. Southwest Airlines Co. has a fifty-two week low of $21.91 and a fifty-two week high of $39.53.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, April 25th. The airline reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The firm had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.42 billion. Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.27) EPS. Equities research analysts expect that Southwest Airlines Co. will post 1.07 EPS for the current year.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.