Thrivent Financial For Lutherans Stake in Southwest Airlines Co (LUV) Increased as Shares Declined

June 27, 2018 - By Kevin Carney

Southwest Airlines Co. (NYSE:LUV) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 0.88. That’s change of 0.08, from 2017Q4’s 0.96. 79 investors sold all, 249 reduced holdings as LUV ratio worsened. 222 rose stakes while 65 funds took stakes. Funds hold 440.55 million shares thus 2.72% less from 2017Q4’s 452.86 million shares. Kopp Investment Advsrs Limited Liability Corporation has invested 1.13% in Southwest Airlines Co. (NYSE:LUV). Everence Cap Mgmt invested in 0.1% or 8,000 shs. 132,173 were reported by Comerica Comml Bank. Glendon Capital Mgmt LP has 90,595 shs for 1.27% of their capital. Pggm Invs owns 325,900 shs or 0.11% of their US capital. Retail Bank Of Nova Scotia holds 68,762 shs. Ingalls Snyder Ltd Liability Corporation holds 4,100 shs. Jpmorgan Chase And Comm stated it has 0.11% of its capital in Southwest Airlines Co. (NYSE:LUV). Montgomery Investment Mgmt Inc holds 0.19% or 7,900 shs. Moreover, Polaris Greystone Fin Grp Incorporated Ltd Liability Corp has 0.01% invested in Southwest Airlines Co. (NYSE:LUV) for 1,117 shs. Fjarde Ap owns 5,452 shs. Gemmer Asset Mgmt Llc has 177 shs for 0% of their capital. Palisade Mngmt Ltd Liability Company Nj accumulated 0.02% or 12,082 shs. Conning holds 0.03% or 13,800 shs. Schwab Charles Investment Mgmt owns 0.09% invested in Southwest Airlines Co. (NYSE:LUV) for 2.09M shs.

LUV had 6 insider sales and 1 insider purchase since February 12, 2018. This’s net activity of $5.57 million. On Monday, February 12 $196,875 worth of stock was bought by CUNNINGHAM WILLIAM H DR. KELLY GARY C sold 27,271 shs worth $1.58M. On Tuesday, March 13 BROOKS DOUGLAS H sold $600,491 worth of Southwest Airlines Co. (NYSE:LUV) or 10,000 shs. On Tuesday, February 27 8,323 shs were sold by Wells Gregory D, worth $490,066. Van de Ven Michael G sold 31,099 shs worth $1.78 million.

In 2018Q1 Securities and Exchange filling is reported Thrivent Financial For Lutherans’s stake in Southwest Airlines Co (LUV) which was increased by 2.7%. 122,372 shares were bought by Thrivent Financial For Lutherans as the company’s stock declined 11.16% with the market. The air freight and delivery services company reported $266.44M value for the 2018Q1. Now the institutional investor is holding 4.65 million shares, compared to the 4.53 million from the previous quarter. $29.26 billion is Southwest Airlines Co’s MC. LUV touched $50.46 during the last trading session after $0.71 change.Southwest Airlines Co. has volume of 2.09 million shares. Since June 27, 2017 LUV has declined 13.23% and is downtrending. The stock underperformed the S&P 500 by 25.80%.

Thrivent Financial For Lutherans manages about $82.94 billion and $29.56 billion US Long portfolio. Its stake in Spdr (XME) was reduced by 348,620 shares to 289,500 shares valued at $9.86 million in 2018Q1, according to the filing. For a total of 618,866 shares it reduced its holding in Express Scripts Holding Co (NASDAQ:ESRX) by 48,272 shares in the quarter, and has cut its stake in Us Foods Holding Corp.

For more Southwest Airlines Co. (NYSE:LUV) news released briefly go to: Bizjournals.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Bizjournals.com. The titles are as follows: “Sky Harbor reports increase in May passengers” released on June 26, 2018, “Southwest Airlines: Do You Let The Plane Crash?” on June 26, 2018, “Passengers sue Southwest over fatal engine explosion” with a publish date: June 21, 2018, “JetBlue: Leading The Way In May” and the last “Southwest, Delta respond to Dallas’ proposal to solve Love Field dispute” with publication date: June 14, 2018.

Southwest Airlines Co. (NYSE:LUV) Ratings Coverage

In total 15 analysts cover Southwest Airlines (NYSE:LUV). “Buy” rating has 10, “Sell” are 0, while 5 are “Hold”. 67% are bullish. 24 are the (NYSE:LUV)’s analyst reports since January 8, 2018 according to StockzIntelligence Inc. In Monday, January 8 report Cowen & Co maintained it with “Buy” rating and $67.0 target. The company rating was downgraded by Imperial Capital on Friday, June 1. The company rating was downgraded by JP Morgan on Tuesday, January 30. In Tuesday, May 29 report Citigroup maintained it with “Buy” rating and $64 target. On Tuesday, January 30 the rating was downgraded by J.P. Morgan to “Hold”. On Friday, January 26 the firm has “Buy” rating by Stephens given. In Thursday, March 22 report UBS maintained it with “Buy” rating and $70 target. On Monday, April 30 the firm has “Buy” rating by Citigroup given. On Tuesday, January 9 Bank of America downgraded the shares of LUV in report to “Hold” rating. On Thursday, March 29 Stephens maintained the shares of LUV in report with “Buy” rating.

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

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