Qube Research & Technologies Ltd Takes $1.55 Million Position in Southwest Airlines Co (NYSE:LUV)

Qube Research & Technologies Ltd purchased a new stake in shares of Southwest Airlines Co (NYSE:LUV) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 30,497 shares of the airline’s stock, valued at approximately $1,549,000.

Other institutional investors also recently bought and sold shares of the company. Boston Partners boosted its holdings in Southwest Airlines by 13.9% in the first quarter. Boston Partners now owns 9,998,417 shares of the airline’s stock worth $519,018,000 after purchasing an additional 1,219,028 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Southwest Airlines by 13.7% in the fourth quarter. Geode Capital Management LLC now owns 6,706,799 shares of the airline’s stock worth $311,306,000 after purchasing an additional 809,418 shares in the last quarter. Bank of Montreal Can boosted its holdings in Southwest Airlines by 5.9% in the first quarter. Bank of Montreal Can now owns 6,137,619 shares of the airline’s stock worth $318,604,000 after purchasing an additional 340,516 shares in the last quarter. Northern Trust Corp boosted its holdings in Southwest Airlines by 3.9% in the first quarter. Northern Trust Corp now owns 5,507,833 shares of the airline’s stock worth $285,912,000 after purchasing an additional 204,758 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Southwest Airlines by 37.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,920,617 shares of the airline’s stock worth $228,736,000 after purchasing an additional 1,348,168 shares in the last quarter. Institutional investors and hedge funds own 84.25% of the company’s stock.

A number of brokerages recently issued reports on LUV. Wolfe Research upgraded shares of Southwest Airlines from a “peer perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a report on Friday. Morgan Stanley decreased their price objective on shares of Southwest Airlines from $64.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday. Cowen reiterated a “market perform” rating and issued a $57.00 price objective (up from $55.00) on shares of Southwest Airlines in a report on Friday, July 26th. Imperial Capital reiterated an “in-line” rating and issued a $55.00 price objective (up from $52.00) on shares of Southwest Airlines in a report on Friday, April 26th. Finally, Argus cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $57.15.

Southwest Airlines stock traded up $1.58 on Friday, reaching $49.79. 2,836,600 shares of the stock were exchanged, compared to its average volume of 3,998,020. The stock has a market cap of $25.91 billion, a PE ratio of 11.74, a PEG ratio of 1.06 and a beta of 1.50. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.37. Southwest Airlines Co has a twelve month low of $44.28 and a twelve month high of $64.02. The firm has a fifty day moving average price of $51.63 and a two-hundred day moving average price of $52.41.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, July 25th. The airline reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.02. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.94 billion. Southwest Airlines had a net margin of 10.73% and a return on equity of 24.12%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 EPS. Equities analysts anticipate that Southwest Airlines Co will post 4.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Tuesday, August 20th. Southwest Airlines’s dividend payout ratio is 16.98%.

Southwest Airlines Company 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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Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

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