Published: Tue, March 13, 2018
Business | By Tara Barton

Eagle Asset Management Inc. Increases Holdings in Southwest Airlines Co (LUV)


The fund owned 600,083 shares of the airline's stock after buying an additional 47,591 shares during the quarter. Kalos Management Inc. bought a new stake in shares of Southwest Airlines during the third quarter valued at about $2,328,000. Abaxis Inc now has $1.63 billion valuation. The stock increased 2.28% or $1.33 during the last trading session, reaching $59.7. 1,133,707 shares of the stock traded hands, compared to its average volume of 5,003,740.

Southwest Airlines Co. (NYSE:LUV) tumbled -8.79% year-to-date. It has outperformed by 20.93% the S&P500.

Among 16 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 4 Sell and 5 Hold. Therefore 29% are positive. Finally, Cowen reissued a "buy" rating and issued a $67.00 price target on shares of Southwest Airlines in a research note on Tuesday, January 9th. As per Tuesday, December 1, the company rating was maintained by Needham. On Thursday, May 25 the stock rating was maintained by Stifel Nicolaus with "Buy". The stock has "Outperform" rating by Cowen & Co on Friday, July 22. The stock has "Hold" rating by RBC Capital Markets on Tuesday, December 12. Robert W. Baird maintained the stock with "Buy" rating in Thursday, February 1 report. The stock of eBay Inc. The firm has "Buy" rating given on Wednesday, March 16 by Goldman Sachs.

Investors sentiment is 0 in Q3 2017. Its up 0.07, from 0.89 in 2017Q2. Following the sale, the chief operating officer now directly owns 172,883 shares in the company, valued at $9,914,840.05. 122.80 million shares or 1.34% more from 121.17 million shares in 2017Q2 were reported. Ameritas Investment Partners accumulated 13,701 shares. Daiwa Sb Invests holds 0.13% or 7,600 shares. Brown Advisory owns 8,101 shares. Bragg Advsrs holds 0.63% or 19,637 shares. Quantitative Systematic Strategies Lc accumulated 40,270 shares. Blume reported 675 shares. It also increased its holding in Mueller Water Products (NYSE:MWA) by 229,220 shares in the quarter, for a total of 1.75M shares, and has risen its stake in Delphi Automotive Plc (NYSE:DLPH). Meeder Asset has 22,282 shares. 432,034 are owned by Amundi Pioneer Asset Inc. (NASDAQ:FLIR) for 201 shares. 360,580 were reported by Cornerstone Management Hldg Ltd Llc. Tillar owns 42,749 shares for 1.82% of their portfolio. Amalgamated Savings Bank invested 0.46% of its portfolio in 3M Company (NYSE:MMM).

Since January 30, 2018, it had 0 insider buys, and 4 selling transactions for $854,042 activity. About 65,135 shares traded. Another trade for 27,271 shares valued at $1.58 million was sold by KELLY GARY C. Van de Ven Michael G sold $1.78 million worth of stock. Lee Jae Hyun had sold 14,565 shares worth $633,885. (NASDAQ:EBAY) shares. Schenkel Scott F. also sold $5.68M worth of eBay Inc. CARTER JOHN D had sold 11,200 shares worth $530,432. It has ranged in price between $58.67-$59.7 after having started the session at $58.91 as compared to the previous trading day's close of $58.37. It has outperformed by 1.89% the S&P500.

FLIR Systems, Inc. develops, designs, makes, and markets thermal imaging systems, visible-light imaging systems, locater systems, measurement and diagnostic systems, and threat-detection solutions worldwide. The company has market cap of $48.87 million. The firm operates in six divisions: Surveillance, Instruments, Security, OEM and Emerging Markets, Maritime, and Detection. The Surveillance segment provides enhanced imaging and recognition solutions for various military, law enforcement, public safety, and other government clients for the protection of borders, troops, and public welfare. Southwest Airlines Co has a one year low of $49.76 and a one year high of $66.99. Shares for $1,886 were sold by BIGGINS J VERONICA. Wells Gregory D had sold 8,323 shares worth $490,066. Shares for $191,694 were sold by GOLDEN JO ANN. Farkas Charles bought 158 shares worth $7,996.

Southwest Airlines Co. (LUV) closed 1.9% above its 200-day moving average and is -1.99% below another chart threshold, its 50-day moving average. It improved, as 69 investors sold LUV shares while 249 reduced holdings. Insiders sold a total of 133,099 shares of company stock worth $7,922,932 in the last three months.

Sealing issue: Kejriwal holds all-party meeting to find solution
However, it has sealed some basements for alleged misuse and is also carrying out a survey of mezzanine floors. The MP alleged that traders were being beaten up in the name of sealing.

Among 19 analysts covering Southwest Airlines Co.

LUV has been the subject of several research reports. They expect $0.44 earnings per share, up 2.33% or $0.01 from last year's $0.43 per share. LUV's profit will be $476.24M for 18.43 P/E if the $0.81 EPS becomes a reality. After $0.49 actual earnings per share reported by eBay Inc. for the previous quarter, Wall Street now forecasts -10.20% negative EPS growth.

Strong Sell. Investors might also notice that two months ago the Buy recommendations (2) outnumbered Sell recommendations (0). Its up 0.07, from 0.89 in 2017Q2. 70 funds opened positions while 213 raised stakes. Credit Suisse Ag acquired 15,021 shares as Abaxis Inc (ABAX)'s stock declined 4.99%. Ls Advisors Lc holds 945 shares. 401,218 are owned by Cullen Frost Bankers. (NYSE:LUV) for 85,195 shares. See Southwest Airlines Co. (NYSE:LUV). Gofen & Glossberg Ltd Com Il has 6,630 shares. Raymond James & Assocs holds 227,845 shares. 1,237 were accumulated by Alpha Windward Limited Liability Corp. The stock of Southwest Airlines Co. (NYSE:LUV) on Monday, May 29 with "Buy" rating. Ibm Retirement Fund has 13,746 shares for 0.16% of their portfolio. Ameriprise Fin holds 155,112 shares or 0% of its portfolio. The company was downgraded on Friday, February 10 by Cowen & Co.

TRADEMARK VIOLATION WARNING: "Southwest Airlines Co (NYSE:LUV) Position Reduced by Sheaff Brock Investment Advisors LLC" was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, January 25th. (NYSE:LUV). Alexandria Cap Ltd Liability Com invested in 1,341 shares. The firm has "Outperform" rating by Cowen & Co given on Friday, January 27. Therefore 74% are positive.

Analysts await Southwest Airlines Co. The stock of Southwest Airlines Co. (NYSE:LUV) has "Buy" rating given on Friday, January 26 by Stephens. The ex-dividend date of this dividend is Tuesday, March 6th. The firm has "Overweight" rating given on Thursday, October 27 by JP Morgan. The rating was maintained by Stephens with "Buy" on Friday, January 26. (NYSE:LUV) earned "Buy" rating by Argus Research on Thursday, June 22. Credit Suisse maintained Southwest Airlines Co. The stock has "Hold" rating by Stifel Nicolaus on Wednesday, December 13. The stock of CONMED Corporation (NASDAQ:CNMD) has "Buy" rating given on Thursday, February 1 by Needham.

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