Southwest Airlines profit misses estimates as costs rise

Southwest shares were down 4.29% in premarket trading to $54.50.

Other hedge funds have also recently made changes to their positions in the company. Van ECK Associates Corp now owns 2,348 shares of the airline's stock valued at $117,000 after buying an additional 136 shares during the last 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 in the last quarter. Finally, Baker Ellis Asset Management LLC raised its position in Southwest Airlines by 14.6% in the third quarter. After a recent check, company stock has been trading near the $57.46 mark. The stock appeared -7.11% below its 52-week highs and is down -0.24% for the last five trades. Putnam Investments LLC raised its stake in shares of Southwest Airlines by 180.6% in the fourth quarter. The biggest holder now is Herbert D. Kelleher who owns 2,774,457 shares (0.46% of those outstanding), whilst Gary C. Kelly holds 595,397 (0.10% of shares outstanding) and Rollin W. King holds 302,947 (0.05% of shares outstanding).

LUV stock's price is now -4.17% down from its 52-week high and +62.24% up from its 52-week low. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares.

In recent action, Southwest Airlines Co. The stock has a 50 day moving average of $54.35 and a 200 day moving average of $50.34. You can get a sense of how sustainable that is by a levered free cash flow of $2.26 Billion over the past twelve months. Investors of record on Thursday, March 9th were paid a dividend of $0.10 per share. It has a dividend yield of 0.71%. The ex-dividend date of this dividend was Tuesday, March 7th.

Investors might want to take a look at shares of Southwest Airlines Co.

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Presently Southwest Airlines Co. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and global copyright and trademark law. Looking at this figure it suggests that the shares of Southwest Airlines Co.

LUV has been the subject of a number of recent analyst reports.

The Dallas-based airline operator reported Q1 earnings per share (EPS) of $0.61, which was $0.02 worse than the Wall Street consensus estimate of $0.63. Imperial Capital boosted their price target on shares of Southwest Airlines Company from $59.00 to $63.00 and gave the stock an "outperform" rating in a research note on Friday, January 27th. Cowen and Company's price target indicates a potential upside of 1.59% from the stock's current price. (LUV) where 6 analyst have rated the stock as Strong Buy, 6 analysts said it's a Buy, 5 rated the stock as Hold, 0 analysts reported Underperform and 0 analysts gave their recommendations as Sell. A stock that maintains a relatively stable price has low volatility. During the same quarter in the previous year, the firm earned $0.88 earnings per share. The current value of the RSI is 59.95 that is neither bought nor sold range.

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Analysts' mean recommendation for Southwest Airlines Co. A ratio over one represents an increase in the stock price over the six month time frame. Neuberger Berman Group LLC now owns 120,458 shares of the airline's stock valued at $4,723,000 after buying an additional 61,369 shares during the last quarter.

  • Marjorie Miles