Abeona Therapeutics (ABEO) Reaches $6.00 After 9.00% Down Move, Beach Investment Counsel Has Lifted Its Southwest Airlines (LUV) Position

June 23, 2017 - By Stephen Andrade

The stock of Abeona Therapeutics Inc (NASDAQ:ABEO) is a huge mover today! The stock increased 7.14% or $0.4 during the last trading session, reaching $6. About 489,476 shares traded or 74.04% up from the average. Abeona Therapeutics Inc (NASDAQ:ABEO) has risen 151.02% since June 23, 2016 and is uptrending. It has outperformed by 134.32% the S&P500.The move comes after 9 months negative chart setup for the $270.51 million company. It was reported on Jun, 23 by Barchart.com. We have $5.46 PT which if reached, will make NASDAQ:ABEO worth $24.35 million less.

Beach Investment Counsel Inc increased Southwest Airlines (LUV) stake by 213.29% reported in 2016Q4 SEC filing. Beach Investment Counsel Inc acquired 164,130 shares as Southwest Airlines (LUV)’s stock rose 1.26%. The Beach Investment Counsel Inc holds 241,081 shares with $12.02 million value, up from 76,951 last quarter. Southwest Airlines now has $37.74B valuation. The stock increased 0.65% or $0.4 on June 23, reaching $61.92. About 2.92 million shares traded. Southwest Airlines Co (NYSE:LUV) has risen 37.63% since June 23, 2016 and is uptrending. It has outperformed by 20.93% the S&P500.

Since January 30, 2017, it had 0 insider purchases, and 16 insider sales for $10.00 million activity. 13,939 shares valued at $811,611 were sold by Jordan Robert E on Tuesday, February 28. The insider Shaw Mark R sold $70,553. KELLY GARY C sold $713,499 worth of stock. $1.21M worth of Southwest Airlines Co (NYSE:LUV) shares were sold by Lamb Jeff. 14,572 shares were sold by Van de Ven Michael G, worth $841,168 on Friday, February 24. 8,322 shares were sold by Romo Tammy, worth $492,238. Wells Gregory D had sold 5,249 shares worth $302,626 on Friday, May 19.

Beach Investment Counsel Inc decreased Spectra Energy Corp. (NYSE:SE) stake by 11,948 shares to 348,430 valued at $14.32 million in 2016Q4. It also reduced Nielsen Holdings Plc stake by 225,831 shares and now owns 79,732 shares. Facebook (NASDAQ:FB) was reduced too.

Among 15 analysts covering Southwest Airlines Co. (NYSE:LUV), 11 have Buy rating, 0 Sell and 4 Hold. Therefore 73% are positive. Southwest Airlines Co. had 41 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Southwest Airlines Co (NYSE:LUV) earned “Neutral” rating by Buckingham Research on Friday, July 22. The firm has “Outperform” rating given on Tuesday, April 12 by Credit Suisse. The firm earned “Outperform” rating on Thursday, January 12 by Imperial Capital. The company was downgraded on Wednesday, January 25 by JP Morgan. As per Friday, July 24, the company rating was maintained by Deutsche Bank. The stock of Southwest Airlines Co (NYSE:LUV) earned “Outperform” rating by Cowen & Co on Friday, July 24. Stifel Nicolaus maintained the shares of LUV in report on Thursday, May 25 with “Buy” rating. As per Thursday, October 27, the company rating was upgraded by JP Morgan. Morgan Stanley upgraded the shares of LUV in report on Thursday, January 5 to “Overweight” rating. As per Friday, January 27, the company rating was maintained by Cowen & Co.

Investors sentiment decreased to 0.67 in Q4 2016. Its down 0.23, from 0.9 in 2016Q3. It dropped, as 71 investors sold LUV shares while 296 reduced holdings. 84 funds opened positions while 163 raised stakes. 484.24 million shares or 6.71% more from 453.81 million shares in 2016Q3 were reported. Citigroup Incorporated stated it has 0% in Southwest Airlines Co (NYSE:LUV). Bluecrest Capital Ltd holds 0.44% or 159,593 shares in its portfolio. Southport Lc holds 2% of its portfolio in Southwest Airlines Co (NYSE:LUV) for 30,000 shares. Moreover, Nj State Employees Deferred Compensation Plan has 0.15% invested in Southwest Airlines Co (NYSE:LUV) for 15,000 shares. Alps Advisors Inc reported 12,242 shares or 0% of all its holdings. Vanguard Grp holds 0.11% of its portfolio in Southwest Airlines Co (NYSE:LUV) for 38.21 million shares. Stephens Ar has 17,684 shares. Interocean Capital Limited Liability accumulated 5,000 shares or 0.05% of the stock. Mirador Cap Partners LP holds 19,319 shares. Financial Management Professionals Inc holds 0.07% of its portfolio in Southwest Airlines Co (NYSE:LUV) for 2,531 shares. Employees Retirement Association Of Colorado has invested 0.02% of its portfolio in Southwest Airlines Co (NYSE:LUV). Valley Natl Advisers Inc invested in 490 shares. Intrust Savings Bank Na has 0.09% invested in Southwest Airlines Co (NYSE:LUV) for 4,985 shares. Commonwealth Equity Inc stated it has 96,428 shares or 0.04% of all its holdings. Moors & Cabot Inc reported 0.04% in Southwest Airlines Co (NYSE:LUV).

Abeona Therapeutics Inc. is a clinical-stage biopharmaceutical firm developing novel gene therapies for life-threatening rare genetic diseases. The company has market cap of $270.51 million. The Company’s lead programs include ABO-102 , an adeno-associated virus (AAV) based gene therapy for Sanfilippo syndrome type A (MPS IIIA) and EB-101 (gene-corrected skin grafts) for recessive dystrophic epidermolysis bullosa (RDEB). It currently has negative earnings. It is also developing ABO-101 (AAV-NAGLU) for Sanfilippo syndrome type B (MPS IIIB), ABO-201 (AAV-CLN3) gene therapy for juvenile Batten disease (JNCL), ABO-202 (AAV-CLN1) for treatment of infantile Batten disease (INCL), EB-201 for epidermolysis bullosa, ABO-301 (AAV-FANCC) for Fanconi anemia disorder and ABO-302 using a novel CRISPR/Cas9 gene editing approach to gene therapy for rare blood diseases.

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