Teachers Retirement System of The State of Kentucky Sells 1,821 Shares of Southwest Airlines Co. (NYSE:LUV)

Teachers Retirement System of The State of Kentucky decreased its position in Southwest Airlines Co. (NYSE:LUVGet Rating) by 4.2% during the 1st quarter, HoldingsChannel reports. The fund owned 41,851 shares of the airline’s stock after selling 1,821 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Southwest Airlines were worth $1,917,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of LUV. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Southwest Airlines by 16.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,894 shares of the airline’s stock worth $6,086,000 after purchasing an additional 18,624 shares in the last quarter. City State Bank lifted its position in shares of Southwest Airlines by 43.2% during the 1st quarter. City State Bank now owns 2,985 shares of the airline’s stock valued at $137,000 after acquiring an additional 900 shares during the period. WealthTrust Asset Management LLC lifted its position in shares of Southwest Airlines by 4.7% during the 1st quarter. WealthTrust Asset Management LLC now owns 44,072 shares of the airline’s stock valued at $2,018,000 after acquiring an additional 1,965 shares during the period. Garde Capital Inc. lifted its position in shares of Southwest Airlines by 10.1% during the 1st quarter. Garde Capital Inc. now owns 22,931 shares of the airline’s stock worth $1,050,000 after buying an additional 2,110 shares during the last quarter. Finally, L.M. Kohn & Company bought a new stake in shares of Southwest Airlines during the 1st quarter worth $349,000. Institutional investors own 76.40% of the company’s stock.

Southwest Airlines Stock Performance

Shares of Southwest Airlines stock opened at $35.09 on Wednesday. The business’s fifty day simple moving average is $38.45 and its 200 day simple moving average is $41.01. The firm has a market capitalization of $20.82 billion, a P/E ratio of 22.35, a price-to-earnings-growth ratio of 2.80 and a beta of 0.99. Southwest Airlines Co. has a 12 month low of $34.36 and a 12 month high of $56.33. The company has a current ratio of 1.66, a quick ratio of 1.59 and a debt-to-equity ratio of 0.80.

Southwest Airlines (NYSE:LUVGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The airline reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.39. Southwest Airlines had a return on equity of 5.54% and a net margin of 4.71%. The business had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same period last year, the company posted ($0.35) earnings per share. Southwest Airlines’s quarterly revenue was up 67.9% compared to the same quarter last year. As a group, analysts anticipate that Southwest Airlines Co. will post 2.14 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Melius assumed coverage on Southwest Airlines in a research report on Monday, August 15th. They issued a “buy” rating for the company. Cowen decreased their target price on Southwest Airlines from $67.00 to $55.00 in a research note on Friday, July 29th. Cowen reduced their price objective on Southwest Airlines from $67.00 to $55.00 in a research note on Friday, July 29th. Morgan Stanley reduced their price objective on Southwest Airlines from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, August 2nd. Finally, Argus cut Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.06.

Southwest Airlines Profile

(Get Rating)

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

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

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