Illinois Municipal Retirement Fund Acquires 7,894 Shares of Southwest Airlines Co. (NYSE:LUV)

Illinois Municipal Retirement Fund lifted its position in Southwest Airlines Co. (NYSE:LUVGet Rating) by 110.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 15,041 shares of the airline’s stock after purchasing an additional 7,894 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Southwest Airlines were worth $543,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Southwest Airlines by 132.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 717 shares of the airline’s stock worth $26,000 after acquiring an additional 409 shares during the last quarter. Tcwp LLC acquired a new stake in shares of Southwest Airlines in the 1st quarter valued at approximately $27,000. Triumph Capital Management raised its holdings in Southwest Airlines by 286.6% during the 2nd quarter. Triumph Capital Management now owns 17,000 shares of the airline’s stock worth $30,000 after buying an additional 12,603 shares during the period. Bogart Wealth LLC raised its holdings in Southwest Airlines by 544.4% during the 2nd quarter. Bogart Wealth LLC now owns 870 shares of the airline’s stock worth $31,000 after buying an additional 735 shares during the period. Finally, Samalin Investment Counsel LLC raised its holdings in Southwest Airlines by 247.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 702 shares of the airline’s stock worth $32,000 after buying an additional 500 shares during the period. Institutional investors own 76.40% of the company’s stock.

Analyst Upgrades and Downgrades

LUV has been the subject of several analyst reports. Argus cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Monday, August 15th. Susquehanna dropped their target price on Southwest Airlines from $45.00 to $40.00 in a report on Tuesday, October 11th. Morgan Stanley dropped their price target 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. StockNews.com upgraded Southwest Airlines from a “hold” rating to a “buy” rating in a research report on Friday, October 28th. Finally, Cowen reduced their price target on Southwest Airlines from $67.00 to $55.00 in a report on Friday, July 29th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.76.

Southwest Airlines Price Performance

Shares of NYSE:LUV opened at $37.20 on Thursday. The company has a quick ratio of 1.50, a current ratio of 1.58 and a debt-to-equity ratio of 0.76. Southwest Airlines Co. has a twelve month low of $30.20 and a twelve month high of $50.84. The stock’s 50 day moving average is $34.63 and its 200-day moving average is $38.43. The firm has a market capitalization of $22.09 billion, a price-to-earnings ratio of 29.06, a PEG ratio of 2.72 and a beta of 1.07.

Southwest Airlines (NYSE:LUVGet Rating) last issued its earnings results on Thursday, October 27th. The airline reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.08. Southwest Airlines had a return on equity of 9.66% and a net margin of 3.64%. The company had revenue of $6.20 billion for the quarter, compared to analyst estimates of $6.22 billion. During the same period in the prior year, the firm earned ($0.23) earnings per share. Southwest Airlines’s revenue for the quarter was up 32.5% on a year-over-year basis. Sell-side analysts forecast that Southwest Airlines Co. will post 2.27 EPS for the current fiscal year.

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.

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

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