Economy

Short Interest in Southwest Airlines Company (LUV) Expands By 58

Short Interest in Southwest Airlines Company (LUV) Expands By 58”

Its down 2.62% from 26,700 shares previously. Based on an average daily trading volume, of 6,527,904 shares, the short-interest ratio is now 1.7 days. The SI to Griffin Industrial Realty Incorporated's float is 0.99%. The stock declined 0.21% or $0.15 reaching $70.5 per share. About 3.16 million shares traded. Griffin Industrial Realty Inc (NASDAQ:GRIF) has risen 20.48% since September 29, 2016 and is uptrending. It has outperformed by 109.15% the S&P500. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Egerton Capital UK LLP now owns 9,401,341 shares of the airline's stock valued at $505,416,000 after buying an additional 2,638,743 shares during the last quarter. Southwest Airlines Co (NYSE:LUV) has risen 37.63% since September 30, 2016 and is uptrending. It has outperformed by 20.93% the S&P500.

Griffin Industrial Realty, Inc.is engaged in real estate business. The company has market cap of $114.50 million. The Firm is principally engaged in developing, managing and leasing industrial/warehouse properties and office/flex properties. The P/E Ratio for LUV is 17.23. Insiders own 0.21% of the company's stock.

Investors sentiment increased to 1.12 in Q2 2017. Its down 0.57, from 1.8 in 2017Q1. Following the completion of the acquisition, the director now owns 66,969 shares in the company, valued at $3,616,326. The count of Hold ratings in that period was 0. Institutional shareholders now hold a 80.10% stake overall in LUV. Moreover, Captrust Financial Advisors has 0% invested in Western Digital Corp (NASDAQ:WDC). Parallax Volatility Advisers LP reported 42,334 shares. California State Teachers Retirement Systems holds 0.1% or 552,644 shares. Reinhart Prns has 0.04% invested in Southwest Airlines Co (NYSE:LUV) for 6,405 shares. 18,205 are held by Bridgeway Capital Management. Lsv Asset Management holds 549,800 shares or 0.06% of its portfolio. Bnp Paribas Arbitrage Sa holds 0% or 22 shares in its portfolio. Franklin Res stated it has 0% of its portfolio in Griffin Industrial Realty Inc (NASDAQ:GRIF). Citigroup Inc holds 0% or 1,026 shares.

Several research analysts have recently weighed in on LUV shares. Analysts expect next quarter's EPS to be $0.90 with next year's EPS anticipated to be $4.52. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Southwest Airlines by 1.5% in the fourth quarter. Moreover, Norinchukin Bank The has 0.09% invested in Southwest Airlines Co (NYSE:LUV) for 72,476 shares. Four analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. Therefore 83% are positive. During the last 52 weeks, the (NYSE:LUV) price has been as high as $64.39 and as low as $36.61. The brokerage issued an outperform rating and a $62.00 price target on the airline's stock. The firm has "Overweight" rating given on Thursday, September 29 by Barclays Capital. Finally, J P Morgan Chase & Co upgraded shares of Southwest Airlines from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $60.00 to $66.00 in a report on Friday, September 15th. The rating was maintained by Deutsche Bank on Friday, July 24 with "Buy". The firm has "Buy" rating given on Friday, September 15 by BMO Capital Markets. Cowen & Co maintained the shares of LUV in report on Friday, July 24 with "Outperform" rating.

Price-to-free-cash-flow (P/FCF) of 9.68 gives an overview of the equity valuation for Southwest Airlines Co. JP Morgan upgraded the shares of LUV in report on Thursday, July 30 to "Overweight" rating. The firm earned "Buy" rating on Tuesday, April 26 by BTIG Research. Its down 0.07, from 0.9 in 2017Q1. It turned negative, as 48 investors sold LUV shares while 291 reduced holdings. 94 funds opened positions while 186 raised stakes. Schwab Charles Invest Mgmt Inc holds 0.11% or 1.90 million shares in its portfolio. Dana Invest Advsr Inc reported 93,327 shares. Valley Advisers has 411 shares.

Southwest Airlines Co. (LUV) closed 0.98% above its 200-day moving average and is 2.65% above another chart threshold, its 50-day moving average. Curbstone Management Corp reported 5,830 shares or 0.22% of all its holdings.

Southwest Airlines (NYSE:LUV) traded up 0.05% on Monday, reaching $56.20. 3,531 were accumulated by Tdam Usa. St. Johns Investment Management Company LLC's holdings in Southwest Airlines were worth $772,000 as of its most recent SEC filing. Moreover, Nomura Inc has 0.1% invested in Southwest Airlines Co (NYSE:LUV). 213,951 were accumulated by Pnc Financial Grp Incorporated. Wealthtrust reported 1,352 shares. Norman Fields Gottscho Cap Mgmt Ltd Com, a New York-based fund reported 39,266 shares.

Since May 17, 2017, it had 0 buys, and 7 sales for $4.10 million activity. The Beta for the company stands at 1.33 and its Average True Range (ATR) shows a value of 1.04. Jordan Robert E had sold 15,273 shares worth $912,148. Hanson Mcclain invested 0.02% of its portfolio in Southwest Airlines Co (NYSE:LUV). On Thursday, May 25 the insider Lamb Jeff sold $1.21M. Shaw Mark R sold $226,035 worth of stock or 3,823 shares. Southwest Airlines's dividend payout ratio (DPR) is 15.34%.

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