As Southwest Airls Co (LUV) Share Price Rose, Gotham Asset Management Has Upped Its Stake; As Tri Contl (TY) Stock Value Rose, Holder Rivernorth Capital Management Has Lowered Position

January 16, 2018 - By Vivian Currie

Joel Greenblatt increased its stake in Southwest Airls Co (LUV) by 275.89% based on its latest 2017Q3 regulatory filing with the SEC. Gotham Asset Management Llc bought 445,408 shares as the company’s stock rose 1.26% with the market. The hedge fund run by Joel Greenblatt held 606,851 shares of the air freight and delivery services company at the end of 2017Q3, valued at $33.97M, up from 161,443 at the end of the previous reported quarter. Gotham Asset Management Llc who had been investing in Southwest Airls Co for a number of months, seems to be bullish on the $38.78 billion market cap company. The stock increased 0.80% or $0.52 during the last trading session, reaching $65.36. About 3.81 million shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 37.63% since January 16, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Rivernorth Capital Management Llc decreased its stake in Tri Contl Corp (TY) by 15.01% based on its latest 2017Q3 regulatory filing with the SEC. Rivernorth Capital Management Llc sold 63,539 shares as the company’s stock rose 2.25% with the market. The institutional investor held 359,663 shares of the company at the end of 2017Q3, valued at $9.23 million, down from 423,202 at the end of the previous reported quarter. Rivernorth Capital Management Llc who had been investing in Tri Contl Corp for a number of months, seems to be less bullish one the $1.57B market cap company. The stock increased 0.04% or $0.01 during the last trading session, reaching $27.6. About 97,074 shares traded or 58.02% up from the average. Tri-Continental Corporation (NYSE:TY) has risen 18.43% since January 16, 2017 and is uptrending. It has outperformed by 1.73% the S&P500.

Among 19 analysts covering Southwest Airlines Co. (NYSE:LUV), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Southwest Airlines Co. had 61 analyst reports since July 30, 2015 according to SRatingsIntel. As per Thursday, August 17, the company rating was maintained by Morgan Stanley. The firm has “Overweight” rating given on Thursday, July 30 by JP Morgan. The firm has “Outperform” rating by Imperial Capital given on Thursday, January 12. The company was maintained on Monday, May 29 by Stifel Nicolaus. The stock of Southwest Airlines Co. (NYSE:LUV) earned “Buy” rating by Citigroup on Friday, November 18. Stifel Nicolaus maintained it with “Buy” rating and $80.0 target in Wednesday, September 27 report. The firm earned “Outperform” rating on Tuesday, October 11 by Bernstein. Raymond James upgraded the shares of LUV in report on Wednesday, September 20 to “Outperform” rating. The company was maintained on Friday, January 22 by Credit Suisse. Stephens maintained Southwest Airlines Co. (NYSE:LUV) on Monday, January 8 with “Buy” rating.

Gotham Asset Management Llc, which manages about $5.96B and $6.81 billion US Long portfolio, decreased its stake in Sysco Corp (NYSE:SYY) by 24,028 shares to 524,167 shares, valued at $28.28 million in 2017Q3, according to the filing. It also reduced its holding in Lauder Estee Cos Inc (NYSE:EL) by 223,150 shares in the quarter, leaving it with 89,910 shares, and cut its stake in Xpo Logistics Inc (NYSE:XPO).

Since October 17, 2017, it had 0 buys, and 3 sales for $2.23 million activity. MONTFORD JOHN T sold $107,240 worth of Southwest Airlines Co. (NYSE:LUV) on Wednesday, December 13. On Thursday, December 14 Jordan Robert E sold $2.12M worth of Southwest Airlines Co. (NYSE:LUV) or 32,931 shares.

Investors sentiment increased to 0.89 in Q3 2017. Its up 0.06, from 0.83 in 2017Q2. It improved, as 69 investors sold LUV shares while 249 reduced holdings. 70 funds opened positions while 213 raised stakes. 441.14 million shares or 4.78% less from 463.31 million shares in 2017Q2 were reported. 29 are owned by Duncker Streett &. Carroll Fincl holds 0.01% in Southwest Airlines Co. (NYSE:LUV) or 845 shares. 440,619 are owned by Wellington Mngmt Gp Llp. Winch Advisory Service Ltd Liability invested in 146 shares or 0.01% of the stock. Beach Investment Mgmt Ltd Liability owns 13,900 shares or 1.35% of their US portfolio. Us Bankshares De has invested 0.05% in Southwest Airlines Co. (NYSE:LUV). Zacks Mngmt owns 4,225 shares for 0.01% of their portfolio. 4,602 are owned by Pinnacle Prtnrs Inc. Rdl Financial stated it has 20,875 shares or 0.85% of all its holdings. Texas-based Hawkins Cap LP has invested 1.86% in Southwest Airlines Co. (NYSE:LUV). Fuller & Thaler Asset Inc has 0.08% invested in Southwest Airlines Co. (NYSE:LUV) for 113,570 shares. Meeder Asset reported 40,149 shares. Mason Street Advsr Ltd Liability Corporation holds 0.1% or 76,445 shares in its portfolio. Peapack Gladstone Corporation stated it has 0.01% in Southwest Airlines Co. (NYSE:LUV). 3,738 were reported by Ifrah Incorporated.

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