Citigroup Downgrades Southwest Airlines (WBAG:LUV)

Fintel reports that on January 16, 2025, Citigroup downgraded their outlook for Southwest Airlines (WBAG:LUV) from Neutral to Sell.

What is the Fund Sentiment?

There are 1,407 funds or institutions reporting positions in Southwest Airlines. This is an increase of 13 owner(s) or 0.93% in the last quarter. Average portfolio weight of all funds dedicated to LUV is 0.17%, an increase of 0.69%. Total shares owned by institutions increased in the last three months by 0.81% to 664,351K shares.

What are Other Shareholders Doing?

Elliott Investment Management holds 61,116K shares representing 10.19% ownership of the company. In its prior filing, the firm reported owning 6,000K shares , representing an increase of 90.18%. The firm increased its portfolio allocation in LUV by 846.80% over the last quarter.

Capital World Investors holds 57,473K shares representing 9.58% ownership of the company. In its prior filing, the firm reported owning 57,919K shares , representing a decrease of 0.78%. The firm decreased its portfolio allocation in LUV by 2.30% over the last quarter.

Primecap Management holds 49,670K shares representing 8.28% ownership of the company. In its prior filing, the firm reported owning 49,909K shares , representing a decrease of 0.48%. The firm increased its portfolio allocation in LUV by 4.67% over the last quarter.

Franklin Resources holds 30,083K shares representing 5.02% ownership of the company. In its prior filing, the firm reported owning 20,579K shares , representing an increase of 31.59%. The firm decreased its portfolio allocation in LUV by 74.64% over the last quarter.

Price T Rowe Associates holds 26,018K shares representing 4.34% ownership of the company. In its prior filing, the firm reported owning 28,012K shares , representing a decrease of 7.66%. The firm decreased its portfolio allocation in LUV by 7.45% over the last quarter.

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This story originally appeared on Fintel.

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