Russell Investments Group Ltd. reduced its holdings in shares of Southwest Airlines Co (NYSE:LUV) by 21.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 267,159 shares of the airline’s stock after selling 74,405 shares during the period. Russell Investments Group Ltd.’s holdings in Southwest Airlines were worth $9,496,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Ambassador Advisors LLC grew its holdings in Southwest Airlines by 3.8% during the 4th quarter. Ambassador Advisors LLC now owns 5,400 shares of the airline’s stock worth $291,000 after acquiring an additional 200 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co grew its holdings in Southwest Airlines by 14.3% during the 4th quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,600 shares of the airline’s stock worth $86,000 after acquiring an additional 200 shares during the period. Segment Wealth Management LLC grew its holdings in Southwest Airlines by 5.9% during the 4th quarter. Segment Wealth Management LLC now owns 4,332 shares of the airline’s stock worth $234,000 after acquiring an additional 243 shares during the period. Trust Co. of Vermont grew its holdings in Southwest Airlines by 24.8% during the 4th quarter. Trust Co. of Vermont now owns 1,232 shares of the airline’s stock worth $67,000 after acquiring an additional 245 shares during the period. Finally, Citizens Financial Group Inc RI grew its holdings in Southwest Airlines by 17.7% during the 4th quarter. Citizens Financial Group Inc RI now owns 1,722 shares of the airline’s stock worth $93,000 after acquiring an additional 259 shares during the period. Hedge funds and other institutional investors own 87.92% of the company’s stock.

In other Southwest Airlines news, major shareholder Berkshire Hathaway Inc sold 1,076,267 shares of Southwest Airlines stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $32.67, for a total transaction of $35,161,642.89. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.28% of the stock is owned by company insiders.

Southwest Airlines stock opened at $29.60 on Friday. Southwest Airlines Co has a 52 week low of $22.47 and a 52 week high of $58.83. The company’s 50 day moving average price is $29.87 and its two-hundred day moving average price is $46.91. The company has a quick ratio of 0.64, a current ratio of 0.69 and a debt-to-equity ratio of 0.38. The stock has a market cap of $14.83 billion, a P/E ratio of 8.50 and a beta of 1.27.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Tuesday, April 28th. The airline reported ($0.15) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.48) by $0.33. Southwest Airlines had a net margin of 8.46% and a return on equity of 18.92%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter last year, the firm earned $0.70 EPS. The company’s quarterly revenue was down 17.8% compared to the same quarter last year. On average, equities analysts anticipate that Southwest Airlines Co will post -4.41 EPS for the current year.

A number of analysts have weighed in on LUV shares. Buckingham Research downgraded Southwest Airlines from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $67.00 to $43.00 in a report on Thursday, February 27th. Cowen reduced their target price on Southwest Airlines from $45.00 to $40.00 and set an “outperform” rating for the company in a research note on Monday, April 20th. Evercore ISI upgraded Southwest Airlines from an “in-line” rating to an “outperform” rating and set a $55.00 target price for the company in a research note on Monday, March 2nd. Deutsche Bank reduced their target price on Southwest Airlines from $45.00 to $44.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, Susquehanna Bancshares upgraded Southwest Airlines from a “neutral” rating to a “positive” rating and set a $41.00 target price for the company in a research note on Tuesday, April 21st. Three analysts have rated the stock with a sell rating, eight have given a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $51.33.

Southwest Airlines Profile

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

Featured Article: Relative Strength Index

Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Co (NYSE:LUV).

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

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.