New York State Common Retirement Fund Has Trimmed Csx (CSX) Stake by $3.27 Million as Share Price Declined; Investment House Holding in Southwest Airls Co (LUV) Boosted by $725,400

May 22, 2018 - By Dolores Ford

CSX Corporation (NASDAQ:CSX) Logo

Investment House Llc increased its stake in Southwest Airls Co (LUV) by 120.91% based on its latest 2017Q4 regulatory filing with the SEC. Investment House Llc bought 11,160 shares as the company’s stock declined 14.07% with the market. The institutional investor held 20,390 shares of the air freight and delivery services company at the end of 2017Q4, valued at $1.34 million, up from 9,230 at the end of the previous reported quarter. Investment House Llc who had been investing in Southwest Airls Co for a number of months, seems to be bullish on the $29.68B market cap company. The stock decreased 1.97% or $1.03 during the last trading session, reaching $51.19. About 4.82 million shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 7.20% since May 22, 2017 and is uptrending. It has underperformed by 4.35% the S&P500.

New York State Common Retirement Fund decreased its stake in Csx Corporation (CSX) by 2.51% based on its latest 2017Q4 regulatory filing with the SEC. New York State Common Retirement Fund sold 59,375 shares as the company’s stock declined 0.55% with the market. The institutional investor held 2.31M shares of the railroads company at the end of 2017Q4, valued at $126.90M, down from 2.37M at the end of the previous reported quarter. New York State Common Retirement Fund who had been investing in Csx Corporation for a number of months, seems to be less bullish one the $56.09B market cap company. The stock decreased 0.25% or $0.16 during the last trading session, reaching $63.85. About 1.69 million shares traded. CSX Corporation (NYSE:CSX) has risen 18.37% since May 22, 2017 and is uptrending. It has outperformed by 6.82% the S&P500.

Investors sentiment increased to 0.96 in 2017 Q4. Its up 0.07, from 0.89 in 2017Q3. It is positive, as 43 investors sold LUV 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. Meiji Yasuda Life Com holds 0.2% of its portfolio in Southwest Airlines Co. (NYSE:LUV) for 22,354 shares. James Investment Research Inc has 247,418 shares for 0.55% of their portfolio. Berkshire Hathaway Incorporated has 47.66M shares for 1.63% of their portfolio. Liberty Mutual Asset Management holds 21,948 shares. Bbt Mgmt Limited Liability Corp reported 66,700 shares or 0.87% of all its holdings. 8,409 are owned by Arete Wealth Ltd Liability. Putnam Fl Invest Mgmt owns 0.16% invested in Southwest Airlines Co. (NYSE:LUV) for 25,922 shares. Vanguard Group stated it has 0.11% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Cornerstone holds 0.18% of its portfolio in Southwest Airlines Co. (NYSE:LUV) for 4,033 shares. White Pine Inv Co stated it has 90,700 shares. Wolverine Asset holds 0.01% of its portfolio in Southwest Airlines Co. (NYSE:LUV) for 19,677 shares. Thompson Davis & Incorporated holds 1,148 shares. E&G LP stated it has 0.14% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Amer Century Inc, a Missouri-based fund reported 129,437 shares. Ontario – Canada-based Royal Bank Of Canada has invested 0.04% in Southwest Airlines Co. (NYSE:LUV).

Investment House Llc, which manages about $581.61M and $822.57M US Long portfolio, decreased its stake in Alaska Air Group Inc (NYSE:ALK) by 5,330 shares to 10,625 shares, valued at $781,000 in 2017Q4, according to the filing. It also reduced its holding in Wells Fargo & Co New (NYSE:WFC) by 15,445 shares in the quarter, leaving it with 6,890 shares, and cut its stake in Alphabet Inc Cl A.

Since December 13, 2017, it had 1 buying transaction, and 8 selling transactions for $7.80 million activity. 31,099 shares were sold by Van de Ven Michael G, worth $1.78 million on Friday, March 2. Shares for $1.58 million were sold by KELLY GARY C. Jordan Robert E had sold 32,931 shares worth $2.12M. $1.17M worth of Southwest Airlines Co. (NYSE:LUV) was sold by Romo Tammy. Another trade for 3,500 shares valued at $196,875 was bought by CUNNINGHAM WILLIAM H DR. $107,240 worth of Southwest Airlines Co. (NYSE:LUV) was sold by MONTFORD JOHN T.

More notable recent Southwest Airlines Co. (NYSE:LUV) news were published by: Bizjournals.com which released: “Southwest, Delta lash out at one another over use of Dallas Love Field gates” on May 21, 2018, also Bizjournals.com with their article: “Southwest Airlines eyes new international routes” published on May 18, 2018, Seekingalpha.com published: “Southwest cancels flights for inspections” on April 23, 2018. More interesting news about Southwest Airlines Co. (NYSE:LUV) were released by: Seekingalpha.com and their article: “Southwest Airlines: Buyback Speaks Volumes” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “A Big Opportunity With Airlines” with publication date: May 22, 2018.

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. had 74 analyst reports since July 30, 2015 according to SRatingsIntel. Atlantic Securities upgraded the shares of LUV in report on Thursday, December 14 to “Overweight” rating. The rating was maintained by Credit Suisse with “Outperform” on Friday, January 22. Buckingham Research upgraded the shares of LUV in report on Thursday, March 22 to “Buy” rating. The stock of Southwest Airlines Co. (NYSE:LUV) earned “Buy” rating by Deutsche Bank on Friday, October 23. The firm has “Overweight” rating given on Thursday, October 27 by JP Morgan. The rating was maintained by Cowen & Co on Friday, April 28 with “Outperform”. The firm has “Overweight” rating given on Tuesday, March 29 by Stephens. Credit Suisse maintained Southwest Airlines Co. (NYSE:LUV) on Tuesday, April 12 with “Outperform” rating. Stifel Nicolaus maintained Southwest Airlines Co. (NYSE:LUV) rating on Thursday, May 25. Stifel Nicolaus has “Buy” rating and $8000 target. The rating was maintained by Cowen & Co on Friday, July 22 with “Outperform”.

More notable recent CSX Corporation (NASDAQ:CSX) news were published by: Nasdaq.com which released: “CSX Corporation Chief Financial Officer to Address Bank of America Merrill Lynch Transportation Conference” on May 08, 2018, also Bizjournals.com with their article: “CSX announces new safety steps, discusses workforce plans” published on May 18, 2018, Bizjournals.com published: “Short on workers, CSX again warns employees about time-off policies” on May 15, 2018. More interesting news about CSX Corporation (NASDAQ:CSX) were released by: Bizjournals.com and their article: “CSX shareholders divided on how much former CEO is owed” published on May 08, 2018 as well as Fool.com‘s news article titled: “What Powered CSX Railroad’s Record First-Quarter Profits?” with publication date: April 23, 2018.

Investors sentiment increased to 0.8 in 2017 Q4. Its up 0.14, from 0.66 in 2017Q3. It is positive, as 66 investors sold CSX shares while 324 reduced holdings. 97 funds opened positions while 215 raised stakes. 602.87 million shares or 1.51% less from 612.12 million shares in 2017Q3 were reported. Tiaa Cref Invest Lc stated it has 3.22M shares or 0.12% of all its holdings. Dekabank Deutsche Girozentrale invested in 131,113 shares. Natl Pension Service owns 850,650 shares. Advent Mgmt De holds 0.02% of its portfolio in CSX Corporation (NASDAQ:CSX) for 15,000 shares. Natl Asset Management holds 13,638 shares. First Republic Investment Mgmt Inc owns 85,618 shares. Boston Advsrs Ltd reported 558,610 shares. Westfield Capital Limited Partnership holds 0.01% or 15,000 shares in its portfolio. 23,124 are owned by Ledyard Bancorporation. 37,163 were reported by Amica Mutual Ins Company. Schwab Charles Management accumulated 0.14% or 3.18M shares. Naples Ltd Liability stated it has 0.42% of its portfolio in CSX Corporation (NASDAQ:CSX). First Allied Advisory Services Incorporated reported 11,054 shares. Tiger Eye Llc invested in 27,378 shares. 38,575 are owned by Legacy Private Tru Company.

Analysts await CSX Corporation (NASDAQ:CSX) to report earnings on July, 17. They expect $0.84 EPS, up 31.25% or $0.20 from last year’s $0.64 per share. CSX’s profit will be $737.96M for 19.00 P/E if the $0.84 EPS becomes a reality. After $0.78 actual EPS reported by CSX Corporation for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

New York State Common Retirement Fund, which manages about $83.07 billion US Long portfolio, upped its stake in Fairmount Santrol Hldgs by 132,600 shares to 759,997 shares, valued at $3.98 million in 2017Q4, according to the filing. It also increased its holding in Morningstar Inc (NASDAQ:MORN) by 33,318 shares in the quarter, for a total of 209,347 shares, and has risen its stake in Qualys Inc (NASDAQ:QLYS).

Among 31 analysts covering CSX Corporation (NYSE:CSX), 19 have Buy rating, 2 Sell and 10 Hold. Therefore 61% are positive. CSX Corporation had 121 analyst reports since August 13, 2015 according to SRatingsIntel. UBS maintained CSX Corporation (NASDAQ:CSX) rating on Monday, October 16. UBS has “Buy” rating and $68.0 target. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, January 19. Aegis Capital upgraded it to “Buy” rating and $64 target in Monday, April 24 report. The stock has “” rating by Raymond James on Monday, April 24. The stock of CSX Corporation (NASDAQ:CSX) has “Outperform” rating given on Thursday, January 14 by RBC Capital Markets. The stock of CSX Corporation (NASDAQ:CSX) has “Outperform” rating given on Wednesday, April 18 by BMO Capital Markets. The firm earned “Outperform” rating on Wednesday, September 2 by RBC Capital Markets. The company was maintained on Monday, October 5 by Barclays Capital. The firm has “Buy” rating by J.P. Morgan given on Monday, December 18. The firm has “Sector Perform” rating given on Tuesday, March 15 by Scotia Capital.

Since May 2, 2018, it had 1 insider buy, and 0 sales for $299,550 activity.

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

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