Stephens Reaffirms a Buy Rating on Southwest Airlines (LUV) and $74.0000 Target; Cipher Capital LP Has Increased New York Times Co (NYT) Stake By $577,368

April 17, 2018 - By Vivian Currie

Southwest Airlines Co. (NYSE:LUV) Logo

Cipher Capital Lp increased New York Times Co (NYT) stake by 74.3% reported in 2017Q4 SEC filing. Cipher Capital Lp acquired 32,076 shares as New York Times Co (NYT)’s stock rose 25.14%. The Cipher Capital Lp holds 75,245 shares with $1.39 million value, up from 43,169 last quarter. New York Times Co now has $3.69 billion valuation. The stock decreased 2.18% or $0.5 during the last trading session, reaching $22.4. About 872,628 shares traded. The New York Times Company (NYSE:NYT) has risen 62.46% since April 17, 2017 and is uptrending. It has outperformed by 50.91% the S&P500.

In an analyst report revealed on Tuesday, 17 April, Southwest Airlines (NYSE:LUV) stock had its Buy Rating maintained by expert analysts at Stephens. They currently have a $74.0000 target on firm. Stephens’s target would suggest a potential upside of 35.63% from the company’s last stock close.

The stock decreased 0.60% or $0.33 during the last trading session, reaching $54.56. About 2.36M shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 7.20% since April 17, 2017 and is uptrending. It has underperformed by 4.35% the S&P500.

Southwest Airlines Co. operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. The company has market cap of $31.75 billion. As of December 31, 2016, the firm operated a total of 723 Boeing 737 aircraft; and served 101 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 8 near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, and Cuba. It has a 9.42 P/E ratio. It also sells frequent flyer points and related services to business partners participating in the Rapid Rewards frequent flyer program, such as car rental agencies, hotels, restaurants, and retailers.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.07, from 0.89 in 2017Q3. It is positive, as 43 investors sold Southwest Airlines Co. shares while 274 reduced holdings. 116 funds opened positions while 188 raised stakes. 452.86 million shares or 2.65% more from 441.14 million shares in 2017Q3 were reported. Benjamin F Edwards Communication Incorporated owns 642 shares. Bluestein R H Co holds 0.04% of its portfolio in Southwest Airlines Co. (NYSE:LUV) for 12,595 shares. Tocqueville Asset Mgmt Ltd Partnership has invested 0.02% in Southwest Airlines Co. (NYSE:LUV). Scott & Selber holds 57,551 shares. State Board Of Administration Of Florida Retirement holds 818,931 shares. Hodges Mgmt reported 0.89% in Southwest Airlines Co. (NYSE:LUV). Trust Inv Advisors Ltd Liability Com has invested 4.44% in Southwest Airlines Co. (NYSE:LUV). Commonwealth Natl Bank Of Aus invested 0.04% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Hwg Lp stated it has 0.45% in Southwest Airlines Co. (NYSE:LUV). Glob X Mngmt Limited stated it has 13,648 shares or 0.02% of all its holdings. Amica Mutual holds 0.31% or 47,666 shares in its portfolio. Ngam Advisors L P reported 106,256 shares. Schwab Charles Invest Incorporated holds 2.04 million shares. Prudential Fin, a New Jersey-based fund reported 992,452 shares. Buckingham Asset Lc invested in 7,004 shares.

Among 20 analysts covering Southwest Airlines Co. (NYSE:LUV), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Southwest Airlines Co. has $106 highest and $41 lowest target. $67.43’s average target is 23.59% above currents $54.56 stock price. Southwest Airlines Co. had 70 analyst reports since July 30, 2015 according to SRatingsIntel. The company was upgraded on Friday, September 15 by J.P. Morgan. As per Friday, April 28, the company rating was maintained by Cowen & Co. As per Friday, July 22, the company rating was downgraded by Buckingham Research. The firm has “Buy” rating given on Friday, October 27 by Cowen & Co. The company was upgraded on Thursday, June 22 by Argus Research. JP Morgan upgraded Southwest Airlines Co. (NYSE:LUV) on Thursday, October 27 to “Overweight” rating. JP Morgan downgraded the shares of LUV in report on Wednesday, January 25 to “Neutral” rating. On Tuesday, July 26 the stock rating was upgraded by Evercore to “Buy”. The firm has “Neutral” rating given on Wednesday, July 27 by JP Morgan. Cowen & Co maintained the stock with “Buy” rating in Monday, January 8 report.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on April, 26 before the open. They expect $0.75 earnings per share, up 22.95% or $0.14 from last year’s $0.61 per share. LUV’s profit will be $436.50M for 18.19 P/E if the $0.75 EPS becomes a reality. After $0.77 actual earnings per share reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts -2.60% negative EPS growth.

Since October 17, 2017, it had 1 insider purchase, and 8 sales for $7.80 million activity. BIGGINS J VERONICA had sold 32 shares worth $1,886. 31,099 shares valued at $1.78M were sold by Van de Ven Michael G on Friday, March 2. $600,491 worth of Southwest Airlines Co. (NYSE:LUV) shares were sold by BROOKS DOUGLAS H. CUNNINGHAM WILLIAM H DR had bought 3,500 shares worth $196,875 on Monday, February 12. The insider Jordan Robert E sold $2.12M. $1.58 million worth of Southwest Airlines Co. (NYSE:LUV) was sold by KELLY GARY C on Wednesday, February 21. The insider Romo Tammy sold $133,466.

Among 4 analysts covering New York Times (NYSE:NYT), 1 have Buy rating, 1 Sell and 2 Hold. Therefore 25% are positive. New York Times had 14 analyst reports since August 6, 2015 according to SRatingsIntel. Barclays Capital maintained The New York Times Company (NYSE:NYT) on Wednesday, July 19 with “Equal-Weight” rating. On Monday, June 5 the stock rating was maintained by Jefferies with “Hold”. As per Thursday, August 6, the company rating was maintained by FBR Capital. The firm earned “Buy” rating on Tuesday, August 18 by TheStreet. Jefferies maintained it with “Hold” rating and $18.0 target in Monday, October 16 report. Jefferies maintained the shares of NYT in report on Monday, July 10 with “Hold” rating. The firm has “Hold” rating given on Thursday, July 27 by Jefferies. The stock of The New York Times Company (NYSE:NYT) has “Hold” rating given on Thursday, February 8 by Jefferies. The stock has “Sell” rating by Singular Research on Thursday, February 9. Jefferies maintained The New York Times Company (NYSE:NYT) rating on Monday, September 11. Jefferies has “Hold” rating and $18.0 target.

Since February 8, 2018, it had 0 insider purchases, and 16 insider sales for $72.48 million activity. Shares for $402,808 were sold by CESAN RAUL E on Thursday, February 22. $9.18M worth of stock was sold by Inversora Carso – S.A. de C.V. on Wednesday, April 4. TOBEN DOREEN A had sold 8,000 shares worth $191,905. On Monday, February 26 KOPIT LEVIEN MEREDITH A. sold $568,145 worth of The New York Times Company (NYSE:NYT) or 22,323 shares. FOLLO JAMES M sold $2.64 million worth of stock or 110,000 shares. Thompson Mark also sold $1.25M worth of The New York Times Company (NYSE:NYT) shares. $194,709 worth of stock was sold by BENTEN R ANTHONY on Friday, March 9.

The New York Times Company (NYSE:NYT) Institutional Positions Chart

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By1 Vivian Currie

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