Pinnacle Associates LTD Has Upped Seagate Technology Plc (STX) Stake; Royal Bank Of Scotland Group Plc Lowered Its Southwest Airls Co (LUV) Stake

January 18, 2018 - By Adrian Mccoy

Pinnacle Associates Ltd increased Seagate Technology Plc (STX) stake by 89.66% reported in 2017Q3 SEC filing. Pinnacle Associates Ltd acquired 25,631 shares as Seagate Technology Plc (STX)’s stock declined 9.82%. The Pinnacle Associates Ltd holds 54,218 shares with $1.80 million value, up from 28,587 last quarter. Seagate Technology Plc now has $15.01B valuation. The stock decreased 0.52% or $0.27 during the last trading session, reaching $51.87. About 1.80M shares traded. Seagate Technology plc (NASDAQ:STX) has risen 107.16% since January 18, 2017 and is uptrending. It has outperformed by 90.46% the S&P500.

Royal Bank Of Scotland Group Plc decreased Southwest Airls Co (LUV) stake by 10.46% reported in 2017Q3 SEC filing. Royal Bank Of Scotland Group Plc sold 36,064 shares as Southwest Airls Co (LUV)’s stock rose 1.26%. The Royal Bank Of Scotland Group Plc holds 308,833 shares with $17.29M value, down from 344,897 last quarter. Southwest Airls Co now has $38.75B valuation. The stock decreased 1.17% or $0.77 during the last trading session, reaching $65.3. About 1.35 million shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 37.63% since January 18, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Royal Bank Of Scotland Group Plc increased Vanguard World Fds (VGT) stake by 4,074 shares to 5,565 valued at $846,000 in 2017Q3. It also upped Vanguard Index Fds (VOO) stake by 8,529 shares and now owns 26,488 shares. Vanguard World Fds (VHT) was raised too.

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. Imperial Capital maintained Southwest Airlines Co. (NYSE:LUV) on Thursday, January 12 with “Outperform” rating. Cowen & Co maintained Southwest Airlines Co. (NYSE:LUV) on Thursday, September 7 with “Buy” rating. The firm has “Overweight” rating by JP Morgan given on Friday, September 15. On Thursday, September 3 the stock rating was maintained by Imperial Capital with “Outperform”. The stock of Southwest Airlines Co. (NYSE:LUV) earned “Outperform” rating by Cowen & Co on Friday, July 22. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, September 27. The company was maintained on Friday, January 27 by Cowen & Co. The stock has “Buy” rating by J.P. Morgan on Friday, September 15. On Tuesday, August 18 the stock rating was downgraded by Vetr to “Strong-Buy”. The firm has “Buy” rating given on Friday, October 23 by Deutsche Bank.

Since October 17, 2017, it had 0 buys, and 3 sales for $2.23 million activity. Shares for $2.12 million were sold by Jordan Robert E on Thursday, December 14. $1,886 worth of stock was sold by BIGGINS J VERONICA on Tuesday, October 17. Another trade for 1,695 shares valued at $107,240 was made by MONTFORD JOHN T on Wednesday, December 13.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on January, 25. They expect $0.84 EPS, up 13.51% or $0.10 from last year’s $0.74 per share. LUV’s profit will be $498.44M for 19.43 P/E if the $0.84 EPS becomes a reality. After $0.88 actual EPS reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

Investors sentiment increased to 0.89 in 2017 Q3. 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. Hillsdale Investment Management Incorporated has invested 0% in Southwest Airlines Co. (NYSE:LUV). Usca Ria Lc reported 24,431 shares. State Street reported 20.28M shares stake. British Columbia Investment Mngmt Corp holds 0.04% or 89,727 shares. Sg Americas Securities Ltd Liability reported 14,384 shares. Aureus Asset Mngmt Ltd Liability Corporation invested in 6,289 shares. Curbstone Fincl Mngmt invested 0.25% of its portfolio in Southwest Airlines Co. (NYSE:LUV). First Heartland Consultants Inc accumulated 0.23% or 16,832 shares. Dorsey Whitney Ltd Llc reported 5,164 shares. Oakbrook Investments Ltd Llc accumulated 48,200 shares. Amalgamated National Bank & Trust invested in 0.12% or 67,541 shares. Ameriprise Fin stated it has 0.2% in Southwest Airlines Co. (NYSE:LUV). Virtus Inv Advisers, a Connecticut-based fund reported 64,843 shares. Brandywine Global Investment Management Limited Liability Corporation holds 577,263 shares. Ledyard National Bank has invested 0.01% in Southwest Airlines Co. (NYSE:LUV).

Investors sentiment decreased to 0.78 in 2017 Q3. Its down 0.52, from 1.3 in 2017Q2. It is negative, as 73 investors sold STX shares while 163 reduced holdings. 57 funds opened positions while 126 raised stakes. 259.60 million shares or 1.44% more from 255.91 million shares in 2017Q2 were reported. Conning Inc reported 0.03% in Seagate Technology plc (NASDAQ:STX). Cetera Advsrs Ltd Llc accumulated 6,370 shares. Rampart Invest Management Comm Ltd Liability accumulated 4,158 shares. Texas Permanent School Fund invested 0.03% of its portfolio in Seagate Technology plc (NASDAQ:STX). New Mexico Educational Retirement Board reported 0.04% in Seagate Technology plc (NASDAQ:STX). Moreover, Cornerstone Advsrs Incorporated has 0% invested in Seagate Technology plc (NASDAQ:STX). Amer Int Grp holds 0.01% or 127,636 shares in its portfolio. Daiwa Secs Gru Inc invested in 14,957 shares or 0% of the stock. Ubs Asset Mngmt Americas holds 0.04% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 1.27M shares. Louisiana State Employees Retirement System holds 18,000 shares. South Dakota Invest Council has invested 0.28% in Seagate Technology plc (NASDAQ:STX). Moreover, Bnp Paribas Asset Holdings has 0.11% invested in Seagate Technology plc (NASDAQ:STX) for 376,572 shares. Scotia holds 0.01% of its portfolio in Seagate Technology plc (NASDAQ:STX) for 20,230 shares. Ww Asset has 0.03% invested in Seagate Technology plc (NASDAQ:STX). Summit Secs Gru Llc holds 0.04% or 7,000 shares.

Since August 1, 2017, it had 0 insider buys, and 8 sales for $10.15 million activity. MORTON DAVID H JR also sold $316,360 worth of Seagate Technology plc (NASDAQ:STX) shares. The insider BRACE PHILIP G sold 44,944 shares worth $1.67M. The insider Moyo Dambisa F sold 8,715 shares worth $339,965. LUCZO STEPHEN J also sold $4.90 million worth of Seagate Technology plc (NASDAQ:STX) shares.

Pinnacle Associates Ltd decreased Perrigo Co Plc (NYSE:PRGO) stake by 7,867 shares to 7,299 valued at $618,000 in 2017Q3. It also reduced Alliancebernstein Holding Lp (NYSE:AB) stake by 23,300 shares and now owns 9,750 shares. Wells Fargo Co New (NYSE:WFC) was reduced too.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.