Southwest Airlines Co. $LUV Shares Newly Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP purchased a new stake in Southwest Airlines Co. (NYSE:LUV) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 53,339 shares of the airline’s stock, valued at approximately $2,245,000.

Other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of Southwest Airlines by 20.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 553,012 shares of the airline’s stock valued at $23,138,000 after buying an additional 92,351 shares in the last quarter. StoneRidge PMG Advisors LLC acquired a new position in shares of Southwest Airlines during the 3rd quarter worth approximately $334,000. Brighton Jones LLC raised its stake in shares of Southwest Airlines by 38.0% during the 3rd quarter. Brighton Jones LLC now owns 9,557 shares of the airline’s stock worth $398,000 after buying an additional 2,632 shares during the period. Parallel Advisors LLC lifted its position in shares of Southwest Airlines by 19.2% during the 3rd quarter. Parallel Advisors LLC now owns 8,064 shares of the airline’s stock valued at $336,000 after buying an additional 1,300 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Southwest Airlines by 4.5% during the 3rd quarter. Alps Advisors Inc. now owns 5,630 shares of the airline’s stock valued at $234,000 after buying an additional 241 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Southwest Airlines Stock Down 0.1%

Shares of LUV opened at $46.26 on Wednesday. Southwest Airlines Co. has a 52-week low of $31.15 and a 52-week high of $55.11. The company has a quick ratio of 0.40, a current ratio of 0.47 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $41.45 and a two-hundred day simple moving average of $43.57. The company has a market capitalization of $22.65 billion, a PE ratio of 17.60, a price-to-earnings-growth ratio of 0.67 and a beta of 1.23.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Wednesday, October 21st. The airline reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.09. Southwest Airlines had a net margin of 3.34% and a return on equity of 18.05%. The firm had revenue of $8.42 billion for the quarter, compared to analysts’ expectations of $8.25 billion. During the same quarter in the previous year, the company posted $0.11 EPS. The company’s revenue was up 21.2% compared to the same quarter last year. As a group, equities analysts forecast that Southwest Airlines Co. will post 2.78 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on LUV shares. UBS Group lifted their price target on shares of Southwest Airlines from $52.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, October 23rd. BMO Capital Markets reduced their price objective on shares of Southwest Airlines from $60.00 to $50.00 and set an “outperform” rating for the company in a research report on Monday, September 28th. Susquehanna decreased their price objective on shares of Southwest Airlines from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Raymond James Financial decreased their price objective on shares of Southwest Airlines from $60.00 to $54.00 and set an “outperform” rating on the stock in a report on Monday, August 24th. Finally, Weiss Ratings upgraded shares of Southwest Airlines from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 23rd. Eleven investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $48.20.

Southwest Airlines Profile

Southwest Airlines Co. is a passenger airline that provides scheduled air transportation in the United States and to destinations in Mexico, Central America and the Caribbean. The company also offers air cargo services and operates the Rapid Rewards loyalty program. Founded in 1967 and beginning flight operations in 1971, Southwest grew from a Texas-based carrier into a major U.S. airline. Its headquarters are in Dallas, Texas. Southwest is led by President and Chief Executive Officer Bob Jordan, who assumed the role in 2022.