Markel Corp lifted its stake in shares of Southwest Airlines Co (NYSE:LUV) by 131.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 211,000 shares of the airline’s stock after purchasing an additional 120,000 shares during the period. Markel Corp’s holdings in Southwest Airlines were worth $10,953,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the company. Raymond James Trust N.A. lifted its stake in Southwest Airlines by 2.1% during the first quarter. Raymond James Trust N.A. now owns 10,238 shares of the airline’s stock worth $532,000 after purchasing an additional 209 shares during the last quarter. Cerity Partners LLC lifted its stake in Southwest Airlines by 4.6% during the fourth quarter. Cerity Partners LLC now owns 5,179 shares of the airline’s stock worth $241,000 after purchasing an additional 228 shares during the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in Southwest Airlines by 4.3% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 5,590 shares of the airline’s stock worth $259,000 after purchasing an additional 231 shares during the last quarter. Moody National Bank Trust Division lifted its stake in Southwest Airlines by 3.2% during the first quarter. Moody National Bank Trust Division now owns 8,598 shares of the airline’s stock worth $446,000 after purchasing an additional 267 shares during the last quarter. Finally, Cypress Capital Group lifted its stake in Southwest Airlines by 2.4% during the fourth quarter. Cypress Capital Group now owns 11,471 shares of the airline’s stock worth $533,000 after purchasing an additional 273 shares during the last quarter. 81.19% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE LUV opened at $52.74 on Friday. 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 Co has a twelve month low of $44.28 and a twelve month high of $64.02. The company has a market capitalization of $28.49 billion, a price-to-earnings ratio of 12.44, a PEG ratio of 1.32 and a beta of 1.49.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, April 25th. The airline reported $0.70 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $5.14 billion. During the same quarter in the previous year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Southwest Airlines Co will post 4.67 earnings per share for the current year.
Several equities research analysts recently weighed in on LUV shares. Zacks Investment Research upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research note on Friday, January 11th. Imperial Capital restated an “in-line” rating and set a $60.00 target price (up previously from $52.00) on shares of Southwest Airlines in a research note on Friday, January 25th. Cowen restated a “market perform” rating and set a $58.00 target price (up previously from $54.00) on shares of Southwest Airlines in a research note on Friday, January 25th. Macquarie set a $65.00 target price on Southwest Airlines and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Finally, Vertical Research started coverage on Southwest Airlines in a research note on Monday, February 4th. They set a “buy” rating for the company. Three analysts have rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Southwest Airlines currently has an average rating of “Hold” and an average price target of $58.64.
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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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