Southwest Airlines Co. (NYSE:LUV) Stock Holdings Reduced by Twin Lakes Capital Management LLC

Twin Lakes Capital Management LLC decreased its position in Southwest Airlines Co. (NYSE:LUV) by 2.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 190,807 shares of the airline’s stock after selling 4,545 shares during the period. Southwest Airlines comprises approximately 5.8% of Twin Lakes Capital Management LLC’s portfolio, making the stock its 2nd biggest holding. Twin Lakes Capital Management LLC’s holdings in Southwest Airlines were worth $9,813,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Massmutual Trust Co. FSB ADV raised its holdings in Southwest Airlines by 138.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 491 shares of the airline’s stock valued at $26,000 after acquiring an additional 285 shares during the period. FNY Investment Advisers LLC bought a new stake in Southwest Airlines during the 3rd quarter valued at $25,000. Avion Wealth raised its holdings in Southwest Airlines by 121.4% during the 2nd quarter. Avion Wealth now owns 507 shares of the airline’s stock valued at $27,000 after acquiring an additional 278 shares during the period. Sterling Financial Planning Inc. bought a new stake in Southwest Airlines during the 2nd quarter valued at $40,000. Finally, Salem Investment Counselors Inc. raised its holdings in Southwest Airlines by 85.8% during the 2nd quarter. Salem Investment Counselors Inc. now owns 758 shares of the airline’s stock valued at $40,000 after acquiring an additional 350 shares during the period. Institutional investors and hedge funds own 77.60% of the company’s stock.

Shares of NYSE:LUV opened at $44.96 on Friday. Southwest Airlines Co. has a 52-week low of $43.72 and a 52-week high of $64.75. The firm has a fifty day moving average of $49.96 and a 200 day moving average of $52.22. The firm has a market capitalization of $26.61 billion, a PE ratio of -899.20 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.98 and a current ratio of 2.03.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Wednesday, October 20th. The airline reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.04. Southwest Airlines had a net margin of 0.02% and a negative return on equity of 22.34%. The company had revenue of $4.68 billion during the quarter, compared to analyst estimates of $4.58 billion. During the same period in the previous year, the business earned ($1.99) earnings per share. The firm’s quarterly revenue was up 161.0% compared to the same quarter last year. On average, sell-side analysts forecast that Southwest Airlines Co. will post -2.61 EPS for the current fiscal year.

In other Southwest Airlines news, Director Thomas W. Gilligan sold 11,188 shares of the company’s stock in a transaction dated Wednesday, October 27th. The shares were sold at an average price of $47.34, for a total transaction of $529,639.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

A number of equities research analysts have issued reports on LUV shares. Morgan Stanley lowered their target price on shares of Southwest Airlines from $76.00 to $71.00 and set an “overweight” rating on the stock in a report on Friday, October 22nd. Evercore ISI lowered their target price on shares of Southwest Airlines from $70.00 to $62.00 and set an “outperform” rating on the stock in a report on Friday, September 10th. The Goldman Sachs Group cut shares of Southwest Airlines from a “buy” rating to a “neutral” rating and lowered their target price for the company from $63.00 to $59.00 in a report on Tuesday, November 16th. Bank of America decreased their price target on shares of Southwest Airlines from $65.00 to $61.00 and set a “buy” rating on the stock in a report on Friday, October 22nd. Finally, Barclays raised shares of Southwest Airlines from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $64.00 to $75.00 in a report on Monday, October 4th. Three analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Southwest Airlines currently has a consensus rating of “Buy” and an average target price of $61.38.

About Southwest Airlines

Southwest Airlines Co engages in the management of a passenger airline. It offers ancillary services such as earlybird check-in, upgraded boarding, and transportation of pets and unaccompanied minors. The firm operates in U.S. states, District of Columbia, the Commonwealth of Puerto Rico, Mexico, Jamaica, The Bahamas, Aruba, 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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