180 Wealth Advisors LLC Acquires Shares of 8,086 Southwest Airlines Co. (NYSE:LUV)

180 Wealth Advisors LLC bought a new position in shares of Southwest Airlines Co. (NYSE:LUVGet Rating) during the second quarter, according to its most recent filing with the SEC. The fund bought 8,086 shares of the airline’s stock, valued at approximately $297,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Kentucky Retirement Systems grew its position in shares of Southwest Airlines by 2.0% during the 1st quarter. Kentucky Retirement Systems now owns 37,756 shares of the airline’s stock valued at $1,729,000 after acquiring an additional 750 shares during the period. Fisher Asset Management LLC grew its holdings in Southwest Airlines by 9.1% during the first quarter. Fisher Asset Management LLC now owns 7,345 shares of the airline’s stock valued at $336,000 after purchasing an additional 613 shares during the period. Elo Mutual Pension Insurance Co raised its stake in shares of Southwest Airlines by 2.5% in the first quarter. Elo Mutual Pension Insurance Co now owns 11,265 shares of the airline’s stock valued at $516,000 after buying an additional 270 shares during the period. Raymond James & Associates lifted its position in shares of Southwest Airlines by 6.4% during the 1st quarter. Raymond James & Associates now owns 556,066 shares of the airline’s stock valued at $25,468,000 after buying an additional 33,606 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Southwest Airlines by 142.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 37,278 shares of the airline’s stock worth $1,707,000 after acquiring an additional 21,928 shares during the period. Institutional investors own 76.40% of the company’s stock.

Southwest Airlines Price Performance

Shares of NYSE:LUV opened at $34.73 on Monday. The company has a quick ratio of 1.59, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. The stock has a market cap of $20.61 billion, a PE ratio of 22.12, a PEG ratio of 2.70 and a beta of 0.99. The company’s fifty day moving average is $38.46 and its 200 day moving average is $41.05. Southwest Airlines Co. has a 52 week low of $34.36 and a 52 week high of $56.33.

Southwest Airlines (NYSE:LUVGet Rating) last released its quarterly earnings data on Thursday, July 28th. The airline reported $1.30 EPS for the quarter, topping the consensus estimate of $0.91 by $0.39. Southwest Airlines had a return on equity of 5.54% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to the consensus estimate of $6.69 billion. During the same quarter in the previous year, the business earned ($0.35) earnings per share. The company’s quarterly revenue was up 67.9% on a year-over-year basis. Research analysts anticipate that Southwest Airlines Co. will post 2.14 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays lowered their price objective on Southwest Airlines from $58.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, June 23rd. Argus cut Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Monday, August 15th. Raymond James upgraded Southwest Airlines from an “outperform” rating to a “strong-buy” rating and decreased their price target for the company from $57.00 to $55.00 in a research report on Thursday, June 23rd. Morgan Stanley lowered their target price on shares of Southwest Airlines from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 2nd. Finally, Cowen dropped their price objective on Southwest Airlines from $67.00 to $55.00 in a research note on Friday, July 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.06.

Southwest Airlines Profile

(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.

Further Reading

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

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