Anchor Bolt Capital LP Cut Southwest Airls Co (LUV) Stake; Schlumberger Limited (SLB) Sellers Increased By 1.64% Their Shorts

June 16, 2017 - By Nellie Frank

Anchor Bolt Capital Lp decreased Southwest Airls Co (LUV) stake by 9.55% reported in 2016Q4 SEC filing. Anchor Bolt Capital Lp sold 457,652 shares as Southwest Airls Co (LUV)’s stock rose 1.26%. The Anchor Bolt Capital Lp holds 4.34 million shares with $216.15M value, down from 4.79M last quarter. Southwest Airls Co now has $36.93 billion valuation. The stock rose 0.62% or $0.37 reaching $60.48. About 1.46 million shares traded. Southwest Airlines Co (NYSE:LUV) has risen 37.63% since June 16, 2016 and is uptrending. It has outperformed by 20.93% the S&P500.

Schlumberger Limited (NYSE:SLB) had an increase of 1.64% in short interest. SLB’s SI was 20.46M shares in June as released by FINRA. Its up 1.64% from 20.13M shares previously. With 8.39M avg volume, 2 days are for Schlumberger Limited (NYSE:SLB)’s short sellers to cover SLB’s short positions. About 3.40 million shares traded. Schlumberger Limited. (NYSE:SLB) has declined 3.30% since June 16, 2016 and is downtrending. It has underperformed by 20.00% the S&P500.

Analysts await Southwest Airlines Co (NYSE:LUV) to report earnings on July, 20. They expect $1.18 EPS, down 0.84% or $0.01 from last year’s $1.19 per share. LUV’s profit will be $720.53M for 12.81 P/E if the $1.18 EPS becomes a reality. After $0.61 actual EPS reported by Southwest Airlines Co for the previous quarter, Wall Street now forecasts 93.44% EPS growth.

Since January 30, 2017, it had 0 buys, and 16 selling transactions for $10.00 million activity. Shares for $1.21 million were sold by Lamb Jeff. Wells Gregory D sold $192,566 worth of stock or 3,305 shares. KELLY GARY C sold $1.22 million worth of Southwest Airlines Co (NYSE:LUV) on Tuesday, February 21. Shaw Mark R sold $70,553 worth of Southwest Airlines Co (NYSE:LUV) on Monday, February 27. Romo Tammy had sold 9,655 shares worth $500,032. $912,148 worth of stock was sold by Jordan Robert E on Tuesday, May 23. $841,168 worth of Southwest Airlines Co (NYSE:LUV) shares were sold by Van de Ven Michael G.

Anchor Bolt Capital Lp increased Spirit Airls Inc (NASDAQ:SAVE) stake by 169,299 shares to 545,716 valued at $31.58M in 2016Q4. It also upped Hornbeck Offshore Svcs Inc N (NYSE:HOS) stake by 164,823 shares and now owns 1.59M shares. American Axle & Mfg Hldgs In (NYSE:AXL) was raised too.

Among 13 analysts covering Southwest Airlines Co. (NYSE:LUV), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Southwest Airlines Co. had 39 analyst reports since July 30, 2015 according to SRatingsIntel. JP Morgan downgraded Southwest Airlines Co (NYSE:LUV) on Wednesday, January 25 to “Neutral” rating. The firm has “Buy” rating given on Monday, May 29 by Stifel Nicolaus. The rating was upgraded by Evercore on Tuesday, July 26 to “Buy”. Cowen & Co maintained Southwest Airlines Co (NYSE:LUV) rating on Friday, June 24. Cowen & Co has “Outperform” rating and $49 target. The stock has “Overweight” rating by JP Morgan on Thursday, February 4. The firm earned “Outperform” rating on Friday, January 27 by Cowen & Co. The firm has “Outperform” rating given on Tuesday, October 11 by Bernstein. Credit Suisse maintained Southwest Airlines Co (NYSE:LUV) rating on Tuesday, April 12. Credit Suisse has “Outperform” rating and $53 target. The stock of Southwest Airlines Co (NYSE:LUV) has “Outperform” rating given on Thursday, January 12 by Imperial Capital. Deutsche Bank maintained the stock with “Buy” rating in Friday, October 23 report.

Investors sentiment decreased to 0.67 in 2016 Q4. Its down 0.23, from 0.9 in 2016Q3. It dived, 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. Daiwa Sb Limited holds 0.36% or 27,110 shares. 473 were accumulated by Joel Isaacson Limited Liability. 96,338 were reported by Stoneridge Investment Ptnrs Ltd. Valley Advisers owns 490 shares. Westover Capital Advisors Lc stated it has 2.48% of its portfolio in Southwest Airlines Co (NYSE:LUV). Thompson Siegel & Walmsley Limited Co owns 300 shares or 0% of their US portfolio. Profit Mgmt Limited Liability Co stated it has 1.4% of its portfolio in Southwest Airlines Co (NYSE:LUV). Midas Mngmt holds 0.68% in Southwest Airlines Co (NYSE:LUV) or 29,000 shares. First Dallas Secs Incorporated stated it has 92,337 shares or 3.16% of all its holdings. Hawkins Cap Lp reported 171,000 shares. Moors And Cabot Inc holds 4,772 shares or 0.04% of its portfolio. Cetera Advisor Ltd Liability Co accumulated 0.05% or 19,861 shares. Ws Mngmt Lllp has invested 3.29% of its portfolio in Southwest Airlines Co (NYSE:LUV). Royal Savings Bank Of Scotland Gp Pcl holds 3.36% of its portfolio in Southwest Airlines Co (NYSE:LUV) for 256,252 shares. Schwab Charles Invest Mngmt Incorporated has invested 0.1% of its portfolio in Southwest Airlines Co (NYSE:LUV).

Schlumberger N.V. provides technology for reservoir characterization, drilling, production and processing to the gas and oil industry. The company has market cap of $92.63 billion. The Company’s divisions include Reservoir Characterization Group, Drilling Group, Production Group and Cameron Group. It currently has negative earnings. The Reservoir Characterization Group consists of the principal technologies involved in finding and defining hydrocarbon resources.

Investors sentiment decreased to 1.06 in 2016 Q4. Its down 0.03, from 1.09 in 2016Q3. It dived, as 65 investors sold Schlumberger Limited. shares while 567 reduced holdings. 118 funds opened positions while 550 raised stakes. 1.08 billion shares or 1.19% more from 1.07 billion shares in 2016Q3 were reported. Granite Inv has invested 1.36% in Schlumberger Limited. (NYSE:SLB). Brown Advisory reported 0.17% stake. Cypress Cap Gru invested in 0.48% or 23,918 shares. Bright Rock Cap Mngmt Llc accumulated 92,000 shares or 2.39% of the stock. Confluence Investment Mgmt Llc stated it has 0.62% in Schlumberger Limited. (NYSE:SLB). Twin Capital Management Incorporated invested in 0.7% or 129,100 shares. Moreover, Essex Mngmt Commerce Llc has 1.15% invested in Schlumberger Limited. (NYSE:SLB). Hugh Johnson Ltd Liability owns 0.09% invested in Schlumberger Limited. (NYSE:SLB) for 3,105 shares. Discovery Mgmt Ltd Limited Liability Company Ct has 233,583 shares for 0.33% of their portfolio. Cibc Markets invested in 586,450 shares. Gamble Jones Invest Counsel holds 126,213 shares or 1.18% of its portfolio. Honeywell Incorporated owns 209,600 shares. Lipe Dalton reported 0.5% stake. State Of Tennessee Treasury Department has 686,001 shares. Warren Averett Asset Mngmt Ltd Liability Corp invested 0.16% in Schlumberger Limited. (NYSE:SLB).

Since December 20, 2016, it had 1 insider buy, and 5 selling transactions for $7.68 million activity. SANDVOLD TORE I also sold $407,700 worth of Schlumberger Limited. (NYSE:SLB) on Wednesday, March 1. Floridia Aaron Gatt also sold $2.77 million worth of Schlumberger Limited. (NYSE:SLB) shares. BELANI ASHOK sold $3.98M worth of stock or 46,577 shares. Another trade for 5,000 shares valued at $424,132 was made by Martellozo Gerard on Tuesday, December 20. $250,203 worth of Schlumberger Limited. (NYSE:SLB) shares were bought by CURRIE PETER L S.

Among 31 analysts covering Schlumberger Limited. (NYSE:SLB), 25 have Buy rating, 1 Sell and 5 Hold. Therefore 81% are positive. Schlumberger Limited. had 87 analyst reports since July 22, 2015 according to SRatingsIntel. Citigroup maintained the shares of SLB in report on Wednesday, October 21 with “Buy” rating. The rating was downgraded by Standpoint Research on Wednesday, April 20 to “Hold”. Goldman Sachs maintained Schlumberger Limited. (NYSE:SLB) rating on Monday, April 4. Goldman Sachs has “Buy” rating and $82 target. Barclays Capital upgraded the stock to “Overweight” rating in Wednesday, April 20 report. The firm has “Overweight” rating by Morgan Stanley given on Monday, April 25. The firm earned “Mkt Perform” rating on Friday, December 2 by Bernstein. SunTrust initiated the stock with “Hold” rating in Wednesday, January 18 report. Societe Generale downgraded the shares of SLB in report on Thursday, April 28 to “Hold” rating. The stock has “Focus Stock” rating by Howard Weil on Monday, October 19. Citigroup upgraded Schlumberger Limited. (NYSE:SLB) rating on Thursday, September 3. Citigroup has “Buy” rating and $87 target.