Stifel Financial Corp Acquires 29,612 Shares of Southwest Airlines Co. (NYSE:LUV)

Stifel Financial Corp increased its holdings in Southwest Airlines Co. (NYSE:LUV) by 5.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 545,018 shares of the airline’s stock after purchasing an additional 29,612 shares during the period. Stifel Financial Corp owned approximately 0.09% of Southwest Airlines worth $28,935,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Moneta Group Investment Advisors LLC boosted its holdings in Southwest Airlines by 22.5% in the second quarter. Moneta Group Investment Advisors LLC now owns 14,541 shares of the airline’s stock worth $772,000 after purchasing an additional 2,667 shares in the last quarter. Eudaimonia Partners LLC boosted its holdings in Southwest Airlines by 60.1% in the second quarter. Eudaimonia Partners LLC now owns 11,960 shares of the airline’s stock worth $635,000 after purchasing an additional 4,489 shares in the last quarter. Ensign Peak Advisors Inc boosted its holdings in Southwest Airlines by 3.3% in the second quarter. Ensign Peak Advisors Inc now owns 123,729 shares of the airline’s stock worth $6,569,000 after purchasing an additional 3,918 shares in the last quarter. Toronto Dominion Bank lifted its position in Southwest Airlines by 6.5% during the 2nd quarter. Toronto Dominion Bank now owns 219,162 shares of the airline’s stock worth $11,634,000 after acquiring an additional 13,468 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its position in Southwest Airlines by 947.8% during the 2nd quarter. Qube Research & Technologies Ltd now owns 433,541 shares of the airline’s stock worth $23,017,000 after acquiring an additional 392,163 shares during the last quarter. Hedge funds and other institutional investors own 77.30% of the company’s stock.

A number of research analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating and set a $51.24 target price (down previously from $75.00) on shares of Southwest Airlines in a research report on Monday, July 26th. JPMorgan Chase & Co. raised shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $64.00 to $70.00 in a research report on Friday, October 1st. MKM Partners cut their target price on shares of Southwest Airlines from $74.00 to $67.00 and set a “buy” rating for the company in a research report on Friday, July 23rd. Redburn Partners assumed coverage on shares of Southwest Airlines in a research report on Wednesday, August 11th. They set a “buy” rating for the company. Finally, Morgan Stanley cut their price objective on shares of Southwest Airlines from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, September 14th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Southwest Airlines currently has an average rating of “Buy” and a consensus target price of $60.03.

LUV opened at $51.25 on Thursday. Southwest Airlines Co. has a one year low of $37.48 and a one year high of $64.75. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.54 and a quick ratio of 1.50. The company’s 50 day simple moving average is $50.56 and its 200-day simple moving average is $55.24. The stock has a market capitalization of $30.32 billion, a P/E ratio of -18.70 and a beta of 1.24.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Wednesday, July 21st. The airline reported ($0.35) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.12). Southwest Airlines had a negative net margin of 16.23% and a negative return on equity of 33.72%. The company had revenue of $4.01 billion for the quarter, compared to the consensus estimate of $3.94 billion. During the same period last year, the company earned ($2.67) earnings per share. Southwest Airlines’s revenue for the quarter was up 297.6% compared to the same quarter last year. As a group, analysts anticipate that Southwest Airlines Co. will post -1.55 EPS for the current year.

Southwest Airlines Profile

Southwest Airlines Co engages in the management of a passenger airline. It offers ancillary services such as earlybird check-in, upgraded boarding, and transportation of pets and unaccompanied minors. The firm operates in U.S. states, District of Columbia, the Commonwealth of Puerto Rico, Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

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

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