Southwest Airlines Company (LUV) Shares Bought by Bessemer Group Inc
- Author: Zachary Reyes Feb 16, 2017,
Feb 16, 2017, 10:32
After the session commenced at $47.26, the stock reached the higher end at $47.28 while it hit a low of $46.45.
Other hedge funds also recently made changes to their positions in the company.
On Dec 16 Southwest Airlines Co. SRB Corp now owns 4,296 shares of the airline's stock valued at $167,000 after buying an additional 962 shares during the last quarter. The overall volume in the last trading session was 4.96 million shares. Finally, Cavalier Investments LLC acquired a new stake in Southwest Airlines Company during the fourth quarter valued at approximately $206,000. Hanson McClain Inc. boosted its stake in Southwest Airlines Company by 2.9% in the second quarter. Two Sigma Advisers LP now owns 1,703,032 shares of the airline's stock worth $66,231,000 after buying an additional 943,665 shares during the last quarter. The company has a market capitalization of $34.12 billion, a P/E ratio of 15.63 and a beta of 0.88. This showed the surprise of 7.1% in the last quarter earnings. Institutional investors own 75.57% of the company's stock.
Southwest Airlines Co. (NYSE:LUV) closed 30.35% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. It would take about 1.17 days to cover all short positions.
Moving toward technical analysis, the current ratio, or the liquidity ratio of a company was calculated 1.30 as compared to its debt to equity ratio stands at 0.85. Institutional investors and hedge funds own 76.70% of the company's stock.
Southwest Airlines Company (NYSE:LUV) last released its quarterly earnings results on Thursday, January 26th. (NYSE:LUV) reported its EPS in the last quarter as $0.75/Share beating the analyst estimate of $0.7/Share by the difference of $0.05. The firm earned $5.10 billion during the quarter, compared to the consensus estimate of $5.03 billion. Southwest Airlines Company had a net margin of 11.09% and a return on equity of 32.51%. The business's revenue was up 2.0% compared to the same quarter previous year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Stockholders of record on Thursday, March 9th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend was Tuesday, December 6th.
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A number of analysts recently weighed in on the stock. The mean forecast was for $5.03 billion and $0.70 a share, respectively.
Many research firms have provided their ratings on Southwest Airlines Co. Morgan Stanley upgraded shares of Southwest Airlines Company from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $45.00 to $55.00 in a research note on Thursday, January 5th. The 17 stock analysts following this company have an average price target at $62.07, with individual PT in the $57.00-$65.00 range. (NYSE:LUV) is 1.86. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold. The company presently has an average rating of "Buy" and an average price target of $55.46. Romo Tammy now owns 81,314 shares in the company after this transaction. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The company's shares were given away at $50.93 per share worth to an income of some $25,974 on account of MONTFORD JOHN T. The disclosure for this sale can be found here. The stock witnessed 9.25% gains, 27.98% gains and 53.34% gains for the 1-month, 3-month and 6-month period, respectively.