Institutional Investors Lead Shift in Southwest Airlines Co (NYSE:LUV) Sentiment

May 29, 2018 - By Hazel Jackson

Southwest Airlines Co. (NYSE:LUV) Logo

Sentiment for Southwest Airlines Co (NYSE:LUV)

Southwest Airlines Co (NYSE:LUV) institutional sentiment decreased to 0.88 in Q1 2018. Its down -0.08, from 0.96 in 2017Q4. The ratio fall, as 287 active investment managers opened new or increased holdings, while 328 reduced and sold their stakes in Southwest Airlines Co. The active investment managers in our partner’s database reported: 440.55 million shares, down from 452.86 million shares in 2017Q4. Also, the number of active investment managers holding Southwest Airlines Co in their top 10 holdings decreased from 20 to 14 for a decrease of 6. Sold All: 79 Reduced: 249 Increased: 222 New Position: 65.

Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. The company has market cap of $29.85 billion. As of December 31, 2016, the firm operated a total of 723 Boeing 737 aircraft; and served 101 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 8 near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, and Cuba. It has a 8.89 P/E ratio. It also sells frequent flyer points and related services to business partners participating in the Rapid Rewards frequent flyer program, such as car rental agencies, hotels, restaurants, and retailers.

The stock decreased 2.59% or $1.37 during the last trading session, reaching $51.49. About 6.91 million shares traded or 24.11% up from the average. Southwest Airlines Co. (NYSE:LUV) has declined 13.23% since May 29, 2017 and is downtrending. It has underperformed by 25.80% the S&P500.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on July, 26. They expect $1.38 EPS, up 11.29 % or $0.14 from last year’s $1.24 per share. LUV’s profit will be $800.13M for 9.33 P/E if the $1.38 EPS becomes a reality. After $0.75 actual EPS reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts 84.00 % EPS growth.

Greenbrier Partners Capital Management Llc holds 13.67% of its portfolio in Southwest Airlines Co. for 1.26 million shares. U S Global Investors Inc owns 222,553 shares or 7.83% of their US portfolio. Moreover, Provident Trust Co has 6.19% invested in the company for 2.71 million shares. The Oklahoma-based Gibraltar Capital Management Inc. has invested 5.71% in the stock. Egerton Capital (Uk) Llp, a United Kingdom-based fund reported 10.26 million shares.

Since January 1, 0001, it had 1 buying transaction, and 8 insider sales for $7.80 million activity.

Southwest Airlines Co. (NYSE:LUV) Ratings Coverage

Ratings analysis reveals 75% of Southwest Airlines’s analysts are positive. Out of 12 Wall Street analysts rating Southwest Airlines, 9 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $6500 while the high is $81.0. The stock’s average target of $69.91 is 35.77% above today’s ($51.49) share price. LUV was included in 18 notes of analysts from December 14, 2017. The rating was maintained by Cowen & Co with “Buy” on Monday, January 8. As per Thursday, March 29, the company rating was maintained by Stephens. J.P. Morgan downgraded it to “Hold” rating and $70.0 target in Tuesday, January 30 report. The stock of Southwest Airlines Co. (NYSE:LUV) earned “Overweight” rating by Atlantic Securities on Thursday, December 14. The rating was maintained by UBS on Thursday, March 22 with “Buy”. The company was maintained on Monday, January 8 by Stephens. Morgan Stanley maintained the stock with “Overweight” rating in Monday, March 26 report. The company was downgraded on Tuesday, January 30 by JP Morgan. Cowen & Co maintained Southwest Airlines Co. (NYSE:LUV) rating on Friday, April 27. Cowen & Co has “Buy” rating and $6500 target. The firm has “Hold” rating given on Tuesday, January 9 by Bank of America.

More notable recent Southwest Airlines Co. (NYSE:LUV) news were published by: Bizjournals.com which released: “Dallas proposes policy that could resolve Southwest-Delta dispute at Love Field” on May 07, 2018, also Seekingalpha.com with their article: “Southwest Airlines: Buyback Speaks Volumes” published on May 17, 2018, Investorplace.com published: “Delta Air Lines, Inc. Stock Is Set to Soar in the Summer Skies” on May 29, 2018. More interesting news about Southwest Airlines Co. (NYSE:LUV) were released by: Bizjournals.com and their article: “Southwest, Delta lash out at one another over use of Dallas Love Field gates” published on May 21, 2018 as well as Bizjournals.com‘s news article titled: “Southwest Airlines eyes new international routes” with publication date: May 18, 2018.

Southwest Airlines Co. (NYSE:LUV) Institutional Positions Chart

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