Paragon Capital Management LLC acquired a new stake in Southwest Airlines Co (NYSE:LUV) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 500 shares of the airline’s stock, valued at approximately $26,000.
Several other institutional investors and hedge funds have also modified their holdings of the stock. Raymond James Trust N.A. boosted its position in Southwest Airlines by 2.1% during the 1st quarter. Raymond James Trust N.A. now owns 10,238 shares of the airline’s stock worth $532,000 after acquiring an additional 209 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its position in Southwest Airlines by 3.7% during the 1st quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 23,045 shares of the airline’s stock worth $1,196,000 after acquiring an additional 825 shares during the last quarter. Virtu Financial LLC boosted its position in Southwest Airlines by 13.7% during the 1st quarter. Virtu Financial LLC now owns 9,238 shares of the airline’s stock worth $480,000 after acquiring an additional 1,111 shares during the last quarter. Northwest Wealth Management LLC boosted its position in Southwest Airlines by 36.5% during the 1st quarter. Northwest Wealth Management LLC now owns 2,620 shares of the airline’s stock worth $136,000 after acquiring an additional 700 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in Southwest Airlines during the 1st quarter worth approximately $950,000. Institutional investors and hedge funds own 81.19% of the company’s stock.
LUV stock traded up $0.20 during trading hours on Wednesday, hitting $52.41. 3,464,800 shares of the stock were exchanged, compared to its average volume of 5,004,923. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.57. The stock has a market capitalization of $28.14 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.35 and a beta of 1.49. Southwest Airlines Co has a 12 month low of $44.28 and a 12 month high of $64.02.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, April 25th. The airline reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.09. The firm had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Southwest Airlines had a return on equity of 23.94% and a net margin of 10.78%. The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.79 EPS. Research analysts expect that Southwest Airlines Co will post 4.67 EPS for the current year.
A number of equities analysts have weighed in on LUV shares. Zacks Investment Research downgraded Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Tuesday, April 2nd. Imperial Capital reissued an “in-line” rating and issued a $52.00 price objective (down previously from $57.00) on shares of Southwest Airlines in a report on Wednesday, January 9th. Barclays cut their price objective on Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Raymond James downgraded Southwest Airlines from an “outperform” rating to a “market perform” rating and set a $53.25 price objective for the company. in a report on Monday, April 8th. Finally, ValuEngine raised Southwest Airlines from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $58.64.
About Southwest Airlines
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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