Mission Wealth Management LP grew its position in Southwest Airlines Co. (NYSE:LUV – Get Rating) by 12.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,180 shares of the airline’s stock after acquiring an additional 576 shares during the period. Mission Wealth Management LP’s holdings in Southwest Airlines were worth $222,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in LUV. Massachusetts Financial Services Co. MA acquired a new position in shares of Southwest Airlines in the 3rd quarter valued at $802,000. BOKF NA acquired a new position in Southwest Airlines in the 3rd quarter worth $1,500,000. Nissay Asset Management Corp Japan ADV boosted its stake in Southwest Airlines by 3.9% in the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 16,078 shares of the airline’s stock worth $827,000 after purchasing an additional 607 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in Southwest Airlines by 12.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 66,916 shares of the airline’s stock worth $3,441,000 after purchasing an additional 7,611 shares during the period. Finally, Public Sector Pension Investment Board boosted its stake in Southwest Airlines by 7.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 99,870 shares of the airline’s stock worth $5,136,000 after purchasing an additional 7,170 shares during the period. 76.74% of the stock is owned by institutional investors.
LUV has been the subject of a number of research analyst reports. Citigroup upped their target price on shares of Southwest Airlines from $48.00 to $53.00 in a research note on Monday, May 2nd. Morgan Stanley upped their target price on shares of Southwest Airlines from $65.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, April 4th. Raymond James upped their target price on shares of Southwest Airlines from $54.00 to $57.00 in a research note on Friday, April 29th. Argus cut their price target on shares of Southwest Airlines from $58.00 to $50.00 in a research report on Tuesday, March 22nd. Finally, Evercore ISI raised shares of Southwest Airlines from an “in-line” rating to an “outperform” rating and set a $48.00 price target on the stock in a research report on Thursday, March 3rd. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $53.88.
Southwest Airlines (NYSE:LUV – Get 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 for the quarter, compared to analysts’ expectations of $4.67 billion. During the same period in the prior year, the firm earned ($1.72) EPS. Southwest Airlines’s quarterly revenue was up 128.8% compared to the same quarter last year. Sell-side analysts predict that Southwest Airlines Co. will post 2.26 EPS for the current fiscal year.
About Southwest Airlines (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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