Economy

Southwest Airlines Co (LUV) Position Decreased by Aberdeen Asset Management PLC UK

Several other institutional investors have also recently modified their holdings of the company. Thrivent Financial For Lutherans boosted its stake in shares of Southwest Airlines by 35.6% during the second quarter. The institutional investor owned 232,392 shares of the airline's stock after buying an additional 62,651 shares during the period. Columbus Circle Investors increased its position in Southwest Airlines by 28.2% during the 2nd quarter. BlackRock Inc. grew its stake in shares of Southwest Airlines by 4,163.3% during the first quarter. Moreover, Leuthold Group Inc Ltd Liability Com has 1.33% invested in Southwest Airlines Co (NYSE:LUV) for 200,023 shares. Bank of Hawaii lifted its position in Southwest Airlines by 0.3% during the 1st quarter. The stock had a trading volume of 3,138,689 shares.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. Southwest Airlines Co. had 52 analyst reports since July 30, 2015 according to SRatingsIntel. Skandinaviska Enskilda Banken AB publ now owns 1,852,840 shares of the airline's stock worth $99,609,000 after buying an additional 1,830,949 shares during the period. Aberdeen Asset Management PLC UK's holdings in Southwest Airlines were worth $20,767,000 as of its most recent SEC filing.

Southwest Airlines Co. (LUV) have shown a high EPS growth of 72.90% in the last 5 years and has earnings rose of 8.50% yoy. At the open, the stock was trading at 58.95. Southwest Airlines Co has a 12 month low of $35.42 and a 12 month high of $61.24.

Investors may be tracking various technicals on shares of Southwest Airlines Company (LUV). Technical traders often use the weighted alpha to help discover stocks that are building momentum.

What Historical Figures Say About Southwest Airlines Co. The airline reported $1.24 earnings per share for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. On average, equities research analysts anticipate that Southwest Airlines Company will post $3.62 EPS for the current fiscal year. The company's quarterly revenue was up 1.2% compared to the same quarter a year ago. After having $1.24 EPS previously, Southwest Airlines Co's analysts see -25.00 % EPS growth. The ex-dividend date of this dividend is Monday, June 5th. Don't forget to ensure the company can pay its debts by looking at the current ration, which now is 0.6, and the quick ration, which now sits at 0.6.

Among 18 analysts covering Southwest Airlines Co.

Analysts await Southwest Airlines Co (NYSE:LUV) to report earnings on October, 25. BidaskClub cut shares of Southwest Airlines from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, July 12th. Sanford C. Bernstein reiterated an "outperform" rating and issued a $70.00 price target on shares of Southwest Airlines in a research report on Thursday, July 13th. Finally, Vetr raised Southwest Airlines from a "hold" rating to a "buy" rating and set a $63.80 price objective on the stock in a research note on Monday. Cowen & Co maintained the stock with "Outperform" rating in Friday, July 24 report. Lastly, a widely used data point that has multiple ways of being calculated is target price.

In other news, Director William H. Dr Cunningham acquired 4,500 shares of the stock in a transaction that occurred on Friday, August 11th. The stock closed the last trade at $59.12. Following the completion of the sale, the chief financial officer now owns 87,387 shares in the company, valued at approximately $5,168,941.05. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Shares for $81,648 were sold by KELLY GARY C on Wednesday, May 17. As a result, shareholders under-react when stock prices approach the 52-week high, and as a result, contrary to most shareholders' expectations, stocks near their 52-week highs tend to be systematically undervalued. Ameriprise Financial Inc. now owns 8,836,067 shares of the airline's stock worth $549,016,000 after buying an additional 1,026,892 shares during the period. The disclosure for this sale can be found here. Lamb Jeff sold $1.21 million worth of stock.

Earnings per share (EPS) is the portion of a company's profit allocated to each outstanding share of common stock. As of December 31, 2016, Southwest operated a total of 723 Boeing 737 aircraft and served 101 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and eight near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, and Cuba.



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