Metis Global Partners LLC Has $445,000 Stock Holdings in Southwest Airlines Co. $LUV

Metis Global Partners LLC lowered its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 14.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,733 shares of the airline’s stock after selling 2,411 shares during the period. Metis Global Partners LLC’s holdings in Southwest Airlines were worth $445,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LUV. Caitong International Asset Management Co. Ltd bought a new position in shares of Southwest Airlines during the 2nd quarter worth approximately $31,000. Pandora Wealth Inc. acquired a new position in shares of Southwest Airlines during the 1st quarter valued at $34,000. Hantz Financial Services Inc. boosted its stake in Southwest Airlines by 81.4% during the second quarter. Hantz Financial Services Inc. now owns 1,056 shares of the airline’s stock worth $34,000 after acquiring an additional 474 shares in the last quarter. Cheviot Value Management LLC acquired a new stake in Southwest Airlines in the first quarter worth $42,000. Finally, Armstrong Advisory Group Inc. bought a new stake in Southwest Airlines in the second quarter valued at $42,000. 80.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on LUV shares. Susquehanna increased their price objective on shares of Southwest Airlines from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Jefferies Financial Group upped their price target on Southwest Airlines from $30.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. TD Cowen increased their price target on Southwest Airlines from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, October 3rd. JPMorgan Chase & Co. boosted their price objective on Southwest Airlines from $35.00 to $36.00 and gave the company an “underweight” rating in a report on Friday, October 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Southwest Airlines in a research report on Wednesday, October 8th. Four investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $33.38.

Southwest Airlines Stock Performance

Shares of LUV opened at $33.34 on Thursday. The firm has a market capitalization of $17.24 billion, a P/E ratio of 51.29, a P/E/G ratio of 0.75 and a beta of 1.23. Southwest Airlines Co. has a 52 week low of $23.82 and a 52 week high of $37.96. The stock has a 50 day moving average price of $32.12 and a two-hundred day moving average price of $32.24. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.49.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Tuesday, February 6th. The airline reported ($0.38) earnings per share for the quarter. Southwest Airlines had a net margin of 1.38% and a return on equity of 6.39%. The company had revenue of $6.17 billion during the quarter. Equities analysts forecast that Southwest Airlines Co. will post 1.55 earnings per share for the current fiscal year.

Southwest Airlines announced that its Board of Directors has approved a stock buyback plan on Wednesday, July 23rd that permits the company to repurchase $2.00 billion in shares. This repurchase authorization permits the airline to buy up to 9.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Southwest Airlines Company 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.