Tokio Marine Asset Management Co. Ltd. Has $278,000 Position in Southwest Airlines Co. (LUV)
Tokio Marine Asset Management Co. Ltd. maintained its stake in Southwest Airlines Co. (NYSE:LUV) during the second quarter, Holdings Channel reports. The institutional investor owned 7,099 shares of the airline’s stock at the end of the second quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Southwest Airlines were worth $278,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Markston International LLC acquired a new stake in Southwest Airlines during the second quarter worth approximately $196,000. Capital Fund Management S.A. increased its stake in Southwest Airlines by 472.4% in the second quarter. Capital Fund Management S.A. now owns 1,718,192 shares of the airline’s stock worth $67,370,000 after buying an additional 1,418,012 shares during the last quarter. Calamos Advisors LLC increased its stake in Southwest Airlines by 15.9% in the second quarter. Calamos Advisors LLC now owns 1,242,786 shares of the airline’s stock worth $48,730,000 after buying an additional 170,752 shares during the last quarter. First Dallas Securities Inc. increased its stake in Southwest Airlines by 1.0% in the second quarter. First Dallas Securities Inc. now owns 95,742 shares of the airline’s stock worth $3,754,000 after buying an additional 975 shares during the last quarter. Finally, Calamos Wealth Management LLC increased its stake in Southwest Airlines by 91.4% in the second quarter. Calamos Wealth Management LLC now owns 39,404 shares of the airline’s stock worth $1,545,000 after buying an additional 18,817 shares during the last quarter. Institutional investors own 78.34% of the company’s stock.
Southwest Airlines Co. (NYSE:LUV) traded down 0.15% during midday trading on Friday, hitting $41.32. 7,296,827 shares of the stock traded hands. The company has a market cap of $25.63 billion, a PE ratio of 10.96 and a beta of 0.80. The company’s 50-day moving average is $38.02 and its 200-day moving average is $40.45. Southwest Airlines Co. has a one year low of $33.96 and a one year high of $51.34.
Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, July 21st. The airline reported $1.19 earnings per share for the quarter, missing the consensus estimate of $1.21 by $0.02. The firm earned $5.38 billion during the quarter, compared to analysts’ expectations of $5.41 billion. Southwest Airlines had a net margin of 11.95% and a return on equity of 34.25%. Southwest Airlines’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.03 earnings per share. Equities research analysts expect that Southwest Airlines Co. will post $3.78 EPS for the current fiscal year.
A number of research firms have commented on LUV. Sanford C. Bernstein began coverage on shares of Southwest Airlines in a report on Monday. They issued an “outperform” rating and a $51.00 price objective for the company. They noted that the move was a valuation call. Vetr upgraded shares of Southwest Airlines from a “buy” rating to a “strong-buy” rating and set a $43.50 price target for the company in a report on Monday. Bank of America Corp. set a $50.00 price target on shares of Southwest Airlines and gave the stock a “buy” rating in a report on Saturday, October 1st. Credit Suisse Group AG set a $48.00 price target on shares of Southwest Airlines and gave the stock a “buy” rating in a report on Monday, September 12th. Finally, Imperial Capital initiated coverage on shares of Southwest Airlines in a report on Friday, September 9th. They set an “outperform” rating and a $46.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $48.36.
In other news, SVP Mark R. Shaw sold 1,776 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $37.62, for a total value of $66,813.12. Following the completion of the transaction, the senior vice president now directly owns 5,226 shares in the company, valued at $196,602.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Gary C. Kelly bought 28,106 shares of the firm’s stock in a transaction dated Tuesday, August 2nd. The stock was purchased at an average price of $35.58 per share, with a total value of $1,000,011.48. Following the completion of the purchase, the insider now directly owns 505,119 shares of the company’s stock, valued at approximately $17,972,134.02. The disclosure for this purchase can be found here. 0.18% of the stock is currently owned by insiders.
Southwest Airlines Company Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.
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