Mine & Arao Wealth Creation & Management LLC. Grows Holdings in Southwest Airlines Co. (NYSE:LUV)

Mine & Arao Wealth Creation & Management LLC. increased its position in Southwest Airlines Co. (NYSE:LUV) by 58.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,352 shares of the airline’s stock after acquiring an additional 1,234 shares during the quarter. Mine & Arao Wealth Creation & Management LLC.’s holdings in Southwest Airlines were worth $97,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LUV. Fort Washington Investment Advisors Inc. OH increased its holdings in Southwest Airlines by 106.5% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 2,556,536 shares of the airline’s stock worth $69,205,000 after acquiring an additional 1,318,361 shares in the last quarter. U S Global Investors Inc. grew its holdings in Southwest Airlines by 24.9% during the 4th quarter. U S Global Investors Inc. now owns 6,210,347 shares of the airline’s stock valued at $179,355,000 after buying an additional 1,238,468 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in Southwest Airlines during the 3rd quarter valued at approximately $13,193,000. Provident Trust Co. grew its holdings in Southwest Airlines by 6.5% during the 4th quarter. Provident Trust Co. now owns 7,599,210 shares of the airline’s stock valued at $219,465,000 after buying an additional 460,480 shares in the last quarter. Finally, Great Lakes Advisors LLC grew its holdings in Southwest Airlines by 34.9% during the 3rd quarter. Great Lakes Advisors LLC now owns 1,619,499 shares of the airline’s stock valued at $43,840,000 after buying an additional 418,624 shares in the last quarter. 80.82% of the stock is owned by hedge funds and other institutional investors.

Southwest Airlines Trading Down 1.1 %

LUV traded down $0.29 during trading on Wednesday, hitting $25.65. 6,712,467 shares of the stock were exchanged, compared to its average volume of 8,895,008. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.09. The firm has a 50 day simple moving average of $30.04 and a 200 day simple moving average of $28.58. The firm has a market cap of $15.35 billion, a price-to-earnings ratio of 41.17, a P/E/G ratio of 1.28 and a beta of 1.15. Southwest Airlines Co. has a 1 year low of $21.91 and a 1 year high of $39.53.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, April 25th. The airline reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.02). Southwest Airlines had a net margin of 1.59% and a return on equity of 8.91%. The firm had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same quarter last year, the business earned ($0.27) earnings per share. Southwest Airlines’s revenue was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Southwest Airlines Co. will post 1.18 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on LUV. UBS Group began coverage on shares of Southwest Airlines in a report on Wednesday, March 20th. They set a “buy” rating and a $36.00 price objective for the company. Morgan Stanley cut their price objective on shares of Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Jefferies Financial Group lowered shares of Southwest Airlines from a “hold” rating to an “underperform” rating and cut their target price for the company from $28.00 to $20.00 in a report on Monday. TD Cowen cut their target price on shares of Southwest Airlines from $26.00 to $25.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, Barclays cut their target price on shares of Southwest Airlines from $30.00 to $26.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.59.

Southwest Airlines Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.