Southwest Airlines (LUV) Holder Central Bank & Trust Co Has Cut Its Position

April 17, 2018 - By Stephen Andrade

Southwest Airlines Co. (NYSE:LUV) LogoInvestors sentiment increased to 0.96 in Q4 2017. Its up 0.07, from 0.89 in 2017Q3. It increased, as 43 investors sold LUV shares while 274 reduced holdings. 116 funds opened positions while 188 raised stakes. 452.86 million shares or 2.65% more from 441.14 million shares in 2017Q3 were reported. Weatherly Asset Mgmt Ltd Partnership holds 0.1% or 6,207 shares. Smithfield Trust Com has invested 0% in Southwest Airlines Co. (NYSE:LUV). Fmr Ltd Liability Com invested in 0.23% or 29.65 million shares. Pnc Financial Services Group Inc has invested 0.01% in Southwest Airlines Co. (NYSE:LUV). Geode Ltd Liability Corporation reported 5.39M shares or 0.12% of all its holdings. Cahill Fin Advisors owns 7,100 shares. Mirae Asset Invs invested in 18,117 shares or 0.02% of the stock. Canada Pension Plan Inv Board accumulated 917,414 shares. Two Sigma Secs Ltd Limited Liability Company has invested 0.01% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Baker Ellis Asset Mgmt Limited Liability holds 0.09% of its portfolio in Southwest Airlines Co. (NYSE:LUV) for 5,280 shares. Neuberger Berman Grp Inc Limited Liability holds 119,707 shares. Spectrum Mngmt Grp reported 0.17% stake. Paragon Assocs Paragon Assocs Ii Joint Venture owns 50,000 shares for 2.72% of their portfolio. Stanley accumulated 15,123 shares. Covington Cap Mgmt has 0% invested in Southwest Airlines Co. (NYSE:LUV).

Since October 17, 2017, it had 1 buy, and 8 selling transactions for $7.80 million activity. 1,695 Southwest Airlines Co. (NYSE:LUV) shares with value of $107,240 were sold by MONTFORD JOHN T. The insider BIGGINS J VERONICA sold 32 shares worth $1,886. $600,491 worth of Southwest Airlines Co. (NYSE:LUV) was sold by BROOKS DOUGLAS H on Tuesday, March 13. Van de Ven Michael G had sold 31,099 shares worth $1.78M on Friday, March 2. On Wednesday, February 21 the insider KELLY GARY C sold $1.58 million. $2.12M worth of stock was sold by Jordan Robert E on Thursday, December 14.

Kelly Cardwell decreased its stake in Southwest Airlines (LUV) by 58.29% based on its latest 2017Q4 regulatory filing with the SEC. Central Bank & Trust Co sold 52,034 shares as the company’s stock declined 14.07% with the market. The hedge fund run by Kelly Cardwell held 37,241 shares of the air freight and delivery services company at the end of 2017Q4, valued at $2.44M, down from 89,275 at the end of the previous reported quarter. Central Bank & Trust Co who had been investing in Southwest Airlines for a number of months, seems to be less bullish one the $31.96B market cap company. The stock increased 0.05% or $0.025 during the last trading session, reaching $54.915. About 586,354 shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 7.20% since April 17, 2017 and is uptrending. It has underperformed by 4.35% the S&P500.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on April, 26. They expect $0.81 EPS, up 32.79 % or $0.20 from last year’s $0.61 per share. LUV’s profit will be $471.43 million for 16.95 P/E if the $0.81 EPS becomes a reality. After $0.77 actual EPS reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts 5.19 % EPS growth.

Southwest Airlines Co. (NYSE:LUV) Ratings Coverage

Among 11 analysts covering Southwest Airlines (NYSE:LUV), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Southwest Airlines has $106 highest and $64 lowest target. $74’s average target is 34.75% above currents $54.915 stock price. Southwest Airlines had 18 analyst reports since October 27, 2017 according to SRatingsIntel. The rating was maintained by Cowen & Co on Friday, October 27 with “Buy”. The firm earned “Buy” rating on Friday, January 26 by Stephens. The company was maintained on Friday, October 27 by Buckingham Research. As per Tuesday, January 9, the company rating was downgraded by Bank of America. As per Monday, March 26, the company rating was maintained by Morgan Stanley. The rating was maintained by JP Morgan on Wednesday, November 1 with “Overweight”. UBS maintained Southwest Airlines Co. (NYSE:LUV) rating on Thursday, March 22. UBS has “Buy” rating and $70 target. The stock of Southwest Airlines Co. (NYSE:LUV) has “Buy” rating given on Thursday, March 29 by Stephens. The company was maintained on Thursday, April 12 by Morgan Stanley. On Monday, January 8 the stock rating was maintained by Stephens with “Buy”.

Southwest Airlines Co. (NYSE:LUV) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.