Amalgamated Bank Has $4.14 Million Stake in Southwest Airlines Co. (NYSE:LUV)

Amalgamated Bank reduced its holdings in Southwest Airlines Co. (NYSE:LUV) by 5.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 143,304 shares of the airline’s stock after selling 8,478 shares during the quarter. Amalgamated Bank’s holdings in Southwest Airlines were worth $4,139,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Provident Trust Co. increased its position in shares of Southwest Airlines by 6.5% in the fourth quarter. Provident Trust Co. now owns 7,599,210 shares of the airline’s stock valued at $219,465,000 after acquiring an additional 460,480 shares during the last quarter. U S Global Investors Inc. boosted its holdings in shares of Southwest Airlines by 24.9% in the 4th quarter. U S Global Investors Inc. now owns 6,210,347 shares of the airline’s stock valued at $179,355,000 after buying an additional 1,238,468 shares during the last quarter. Northern Trust Corp grew its stake in shares of Southwest Airlines by 0.7% in the third quarter. Northern Trust Corp now owns 4,866,933 shares of the airline’s stock valued at $131,748,000 after buying an additional 32,089 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Southwest Airlines by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,077,158 shares of the airline’s stock worth $83,299,000 after buying an additional 23,715 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its position in Southwest Airlines by 2.0% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 2,606,555 shares of the airline’s stock worth $75,277,000 after acquiring an additional 50,019 shares in the last quarter. 80.82% of the stock is owned by institutional investors.

Southwest Airlines Trading Up 0.7 %

Shares of LUV opened at $27.19 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.09. Southwest Airlines Co. has a 52-week low of $21.91 and a 52-week high of $39.53. The firm has a market cap of $16.27 billion, a price-to-earnings ratio of 43.16, a PEG ratio of 1.37 and a beta of 1.16. The business’s fifty day moving average is $29.27 and its 200-day moving average is $28.63.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, April 25th. The airline reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.02). Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The business had revenue of $6.33 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same period in the previous year, the firm posted ($0.27) EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Southwest Airlines Co. will post 1.07 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group lowered shares of Southwest Airlines from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $28.00 to $20.00 in a research note on Monday, April 29th. Raymond James restated an “outperform” rating and issued a $30.00 price objective (down previously from $33.00) on shares of Southwest Airlines in a research note on Friday, April 26th. Deutsche Bank Aktiengesellschaft upgraded Southwest Airlines from a “hold” rating to a “buy” rating and lifted their target price for the stock from $28.00 to $42.00 in a research note on Tuesday, February 20th. Argus upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research note on Tuesday, March 12th. Finally, StockNews.com cut shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Five analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $30.24.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.