Frontier Investment Mgmt Co. Buys New Holdings in Southwest Airlines Co (LUV)

Frontier Investment Mgmt Co. bought a new stake in Southwest Airlines Co (NYSE:LUV) in the fourth quarter, Holdings Channel reports. The fund bought 40,605 shares of the airline’s stock, valued at approximately $2,658,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BT Investment Management Ltd grew its stake in Southwest Airlines by 43.1% during the third quarter. BT Investment Management Ltd now owns 408,284 shares of the airline’s stock worth $22,857,000 after buying an additional 122,892 shares during the period. State of Alaska Department of Revenue grew its stake in Southwest Airlines by 162.0% during the fourth quarter. State of Alaska Department of Revenue now owns 83,494 shares of the airline’s stock worth $5,462,000 after buying an additional 51,620 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Southwest Airlines by 14.6% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 89,727 shares of the airline’s stock worth $5,023,000 after buying an additional 11,398 shares during the period. Kalos Management Inc. purchased a new stake in Southwest Airlines during the third quarter worth approximately $2,328,000. Finally, Rational Advisors LLC grew its stake in Southwest Airlines by 27.1% during the third quarter. Rational Advisors LLC now owns 17,800 shares of the airline’s stock worth $997,000 after buying an additional 3,800 shares during the period. Institutional investors own 78.97% of the company’s stock.

LUV has been the subject of several analyst reports. Cowen restated an “outperform” rating and issued a $64.00 target price (up from $62.00) on shares of Southwest Airlines in a research note on Friday, October 27th. Deutsche Bank restated a “buy” rating and issued a $71.00 target price on shares of Southwest Airlines in a research note on Friday, October 27th. Zacks Investment Research downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Stifel Nicolaus restated a “buy” rating and issued a $80.00 target price on shares of Southwest Airlines in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. upped their target price on shares of Southwest Airlines from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Southwest Airlines has a consensus rating of “Buy” and an average target price of $67.97.

In related news, Director John T. Montford sold 1,695 shares of the company’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total value of $107,242.65. Following the sale, the director now directly owns 23,098 shares of the company’s stock, valued at $1,461,410.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William H. Dr Cunningham bought 3,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $56.25 per share, for a total transaction of $196,875.00. Following the completion of the acquisition, the director now directly owns 70,469 shares of the company’s stock, valued at approximately $3,963,881.25. The disclosure for this purchase can be found here. Corporate insiders own 0.21% of the company’s stock.

Shares of Southwest Airlines Co (NYSE:LUV) opened at $58.27 on Monday. The stock has a market cap of $34,259.91, a price-to-earnings ratio of 16.65, a P/E/G ratio of 1.04 and a beta of 1.17. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. Southwest Airlines Co has a twelve month low of $49.76 and a twelve month high of $66.99.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.01. The firm had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 earnings per share. equities analysts predict that Southwest Airlines Co will post 5 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, March 6th. This represents a $0.50 annualized dividend and a yield of 0.86%. Southwest Airlines’s dividend payout ratio is presently 8.59%.

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Southwest Airlines Profile

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

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

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