As Southwest Airls Co (LUV) Shares Declined, Shareholder Primecap Management Company Increased Stake

Southwest Airlines Co. (NYSE:LUV) Corporate LogoDuring 2018 Q3 the big money sentiment increased to 0.93. That’s change of 0.06, from 2018Q2’s 0.87. 46 investors sold all, 256 reduced holdings as LUV ratio increased. 178 grew positions while 102 funds took positions. Funds hold 424.82 million shares thus 0.25% more from 2018Q2’s 423.74 million shares. Monetary Management Grp Inc has 36,775 shs. Bancshares Of Nova Scotia stated it has 0.03% in Southwest Airlines Co. (NYSE:LUV). Tradewinds Cap Mgmt Limited Liability Company accumulated 0.03% or 1,130 shs. Moreover, Linscomb & Williams has 0.09% invested in Southwest Airlines Co. (NYSE:LUV) for 16,722 shs. Ims Capital Mgmt holds 0% or 12,706 shs in its capital. Voya Invest Mgmt Limited Liability Corporation accumulated 198,521 shs. Horizon Inv Svcs Limited Company has 2.53% invested in Southwest Airlines Co. (NYSE:LUV) for 77,609 shs. Cambridge Advisors invested in 0.17% or 8,225 shs. 16,697 are owned by Ls Inv Advisors Ltd Liability Corporation. Somerset holds 42 shs or 0% of its capital. Sigma Planning Corp invested in 0.1% or 25,943 shs. Lenox Wealth Inc, a Ohio-based fund reported 527 shs. Ruggie Cap invested in 0% or 111 shs. 26,060 were reported by Cibc Inc. Prelude Lc owns 0.01% invested in Southwest Airlines Co. (NYSE:LUV) for 2,191 shs.

LUV had 2 selling transactions and 0 insider buys since August 17, 2018. This’s net activity of $100,283. $363,405 worth of Southwest Airlines Co. (NYSE:LUV) was sold by Watterson Andrew M on Friday, August 17.

According to 2018Q3 Securities and Exchange filling the Primecap Management Company increased its holdings in Southwest Airls Co (LUV) by 0.33%. The company’s stock sank 18.19% while Primecap Management Company bought 241,557 shares. At the end of 2018Q3, the 73.96 million shares of the air freight and delivery services company held by the institutional investor were priced at $4.62B, up from 73.71M at the end of the previous reported quarter. Southwest Airls Co has $32.06B market cap. Ticker’s shares touched $58 during the last trading session after 0.52% change.Southwest Airlines Co. has volume of 3.97M shares. Since February 14, 2018 LUV has declined 18.85% and is downtrending. LUV underperformed by 18.85% the S&P 500.

Primecap Management Company decreased its stake in Glaxosmithkline Plc (Adr) (NYSE:GSK) by 203,800 shares to 843,635 shares, valued at $33.89 million in 2018Q3, according to the filing. It operates about $87.86B and $148.14B US Long portfolio. For a total of 25.62 million shares it reduced its holding in Cisco Systems Inc (NASDAQ:CSCO) by 225,325 shares in the quarter, and has cut its stake in Vmware (NYSE:VMW).

For more Southwest Airlines Co. (NYSE:LUV) news released recently go to: Seekingalpha.com, Seekingalpha.com, Benzinga.com, Investorplace.com or Seekingalpha.com. The titles are as follows: “AAL, LUV among premarket gainers – Seeking Alpha” released on January 24, 2019, “Southwest Airlines +2% after solid Q4 results, outlook – Seeking Alpha” on January 24, 2019, “Raymond James Raises Southwest Airlines Price Target, With Cost Concerns Dispelled (NYSE:LUV) – Benzinga” with a publish date: January 28, 2019, “5 High-Growth Stocks Undervalued by the Market – Investorplace.com” and the last “Southwest Airlines – Buying Outperformance – Seeking Alpha” with publication date: September 17, 2018.

Southwest Airlines Co. (NYSE:LUV) Ratings Coverage

In total 12 analysts cover Southwest Airlines (NYSE:LUV). “Buy” rating has 6, “Sell” are 1, while 5 are “Hold”. (NYSE:LUV) has 50% bullish analysts. 13 are the (NYSE:LUV)’s ratings reports on 14 Feb 2019 according to StockzIntelligence Inc. On Friday, October 26 the rating was maintained by Raymond James with “Outperform”. On Thursday, September 27 the rating was maintained by Imperial Capital with “In-Line”. On Monday, September 17 the rating was maintained by Macquarie Research with “Outperform”. On Friday, September 7 the stock of Southwest Airlines Co. (NYSE:LUV) has “Buy” rating given by Argus Research. In Tuesday, October 30 report JP Morgan downgraded the stock to “Underweight” rating. On Friday, September 7 Buckingham Research maintained the shares of LUV in report with “Buy” rating. On Wednesday, November 14 the firm has “Overweight” rating given by Morgan Stanley. The stock rating was initiated by Susquehanna with “Hold” on Wednesday, November 28. On Friday, October 26 the stock of Southwest Airlines Co. (NYSE:LUV) has “Buy” rating given by Buckingham Research. On Thursday, November 29 the firm has “Buy” rating given by Citigroup.

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

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