Southwest Airlines says to stop overbooking flights

Apr 28, 2017, 00:56
Southwest Airlines says to stop overbooking flights

Perennial Advisors LLC bought a new position in Southwest Airlines during the fourth quarter valued at about $137,000.

The No.4 US airline by passenger traffic said its unit revenue, a key metric that compares ticket sales with flight capacity, fell 2.8 percent in the quarter ended March 31, hurt by competitive fare pricing and a shift in Easter travel demand to April. Van ECK Associates Corp increased its stake in shares of Southwest Airlines by 6.1% in the fourth quarter.

Analyst mean recommendation rating on a stock by the analyst community is at 2.10.

Other equities analysts have also issued research reports about the stock. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm's total outstanding shares.

Revenue: Southwest Airlines reported revenues of $4883 million missing the Zacks Consensus Estimate of $4894.1 million. (LUV)'s latest closing price was 22.65% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 2.39% and 4.27% compared with the 20 Day Moving Average. The stock's quarterly performance specifies a shift of 7.58%, and its last twelve month performance is stands at 33.77% while moved 15.31% for the past six months. Investors of record on Thursday, March 9th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, March 7th. Southwest Airlines's payout ratio is now 11.33%. (LUV) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that Southwest Airlines Co. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of U.S. and worldwide trademark and copyright laws. Russell Investments Group Ltd. purchased a new stake in shares of Southwest Airlines during the fourth quarter valued at approximately $47,448,000.

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A number of research firms have weighed in on LUV. Southwest Airlines Company presently has a consensus rating of "Buy" and a consensus price target of $55.48.

At the moment 17 analysts are watching Southwest Airlines Company (NASDAQ:LUV), 8 rate it "Buy", 4 "Outperform", 5 "Underperform", 0 "Sell", while 0 "Hold".

12/19/2016 - Southwest Airlines Company had its " rating reiterated by analysts at Sanford C. Bernstein. They now have $60.24 target price on the airline's stock. Vetr raised Southwest Airlines from a "buy" rating to a "strong-buy" rating and set a $60.24 price target on the stock in a research note on Wednesday, April 5th. Shares of the company were down in pre-market trading at the time of writing. The current value of the RSI is 59.95 that is neither bought nor sold range. The number of shares now owned by investors are 618 mln. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Several sell side analysts reviewed their recommendations on Southwest Airlines Co. Following the completion of the sale, the chairman now owns 619,456 shares in the company, valued at approximately $35,463,856. The disclosure for this sale can be found here. MSFT reported a change of 3.87% over the last week and performed 4.52% over the last month while its year to date (YTD) performance revealed an activity trend of 9.96%. The Relative Volume value measured for Southwest Airlines Co. Monitoring FCF information may help provide some excellent insight on the financial health of a specific company.

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