Toroso Investments LLC Has $3.06 Million Stake in Southwest Airlines Co. (NYSE:LUV)

Toroso Investments LLC boosted its position in shares of Southwest Airlines Co. (NYSE:LUVGet Rating) by 39.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 66,857 shares of the airline’s stock after buying an additional 18,936 shares during the period. Toroso Investments LLC’s holdings in Southwest Airlines were worth $3,062,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LUV. Teacher Retirement System of Texas grew its stake in Southwest Airlines by 13.8% during the fourth quarter. Teacher Retirement System of Texas now owns 42,334 shares of the airline’s stock worth $1,814,000 after buying an additional 5,148 shares in the last quarter. Pictet Asset Management SA grew its stake in Southwest Airlines by 4.7% during the fourth quarter. Pictet Asset Management SA now owns 152,069 shares of the airline’s stock worth $6,515,000 after buying an additional 6,760 shares in the last quarter. Covestor Ltd acquired a new stake in Southwest Airlines during the fourth quarter worth about $46,000. MAI Capital Management grew its stake in Southwest Airlines by 4.9% during the fourth quarter. MAI Capital Management now owns 44,219 shares of the airline’s stock worth $1,894,000 after buying an additional 2,057 shares in the last quarter. Finally, Advisor Resource Council grew its stake in Southwest Airlines by 57.3% during the fourth quarter. Advisor Resource Council now owns 60,227 shares of the airline’s stock worth $2,580,000 after buying an additional 21,951 shares in the last quarter. 76.40% of the stock is currently owned by institutional investors and hedge funds.

Southwest Airlines Stock Down 3.0 %

Southwest Airlines stock opened at $36.90 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.59 and a current ratio of 1.66. Southwest Airlines Co. has a 52-week low of $34.36 and a 52-week high of $56.33. The firm has a 50 day moving average price of $38.50 and a two-hundred day moving average price of $41.15. The firm has a market cap of $21.89 billion, a price-to-earnings ratio of 23.50, a PEG ratio of 2.90 and a beta of 0.99.

Southwest Airlines (NYSE:LUVGet Rating) last released its quarterly earnings results on Thursday, July 28th. The airline reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.39. Southwest Airlines had a net margin of 4.71% and a return on equity of 5.54%. The firm had revenue of $6.73 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same quarter last year, the business earned ($0.35) EPS. The company’s revenue was up 67.9% compared to the same quarter last year. Equities analysts predict that Southwest Airlines Co. will post 2.16 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on LUV. Barclays reduced their price objective on shares of Southwest Airlines from $58.00 to $50.00 and set an “overweight” rating on the stock in a research note on Thursday, June 23rd. Morgan Stanley reduced their price target on shares of Southwest Airlines from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 2nd. Argus downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Melius initiated coverage on shares of Southwest Airlines in a research note on Monday, August 15th. They issued a “buy” rating on the stock. Finally, Raymond James upgraded shares of Southwest Airlines from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from $57.00 to $55.00 in a research note on Thursday, June 23rd. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $53.06.

Southwest Airlines Company Profile

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Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 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.

See Also

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

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