Synovus Financial Has Increased Its Southwest Airls Co (LUV) Holding by $405,185 as Market Valuation Rose; As New Gold Cda (NGD) Market Valuation Declined, Virtu Financial Boosted Its Position by $838,011

February 15, 2018 - By Hazel Jackson

Virtu Financial Llc increased its stake in New Gold Inc Cda (NGD) by 397.13% based on its latest 2017Q3 regulatory filing with the SEC. Virtu Financial Llc bought 279,337 shares as the company’s stock declined 3.88% while stock markets rallied. The institutional investor held 349,676 shares of the precious metals company at the end of 2017Q3, valued at $1.30M, up from 70,339 at the end of the previous reported quarter. Virtu Financial Llc who had been investing in New Gold Inc Cda for a number of months, seems to be bullish on the $1.65 billion market cap company. The stock increased 7.58% or $0.2 during the last trading session, reaching $2.84. About 11.62M shares traded or 133.52% up from the average. New Gold Inc. (NYSEMKT:NGD) has declined 31.09% since February 15, 2017 and is downtrending. It has underperformed by 47.79% the S&P500.

Synovus Financial Corp increased its stake in Southwest Airls Co (LUV) by 10.67% based on its latest 2017Q3 regulatory filing with the SEC. Synovus Financial Corp bought 7,367 shares as the company’s stock rose 1.26% with the market. The institutional investor held 76,432 shares of the air freight and delivery services company at the end of 2017Q3, valued at $4.28M, up from 69,065 at the end of the previous reported quarter. Synovus Financial Corp who had been investing in Southwest Airls Co for a number of months, seems to be bullish on the $34.26 billion market cap company. The stock increased 1.00% or $0.57 during the last trading session, reaching $57.73. About 4.28M shares traded. Southwest Airlines Co. (NYSE:LUV) has risen 37.63% since February 15, 2017 and is uptrending. It has outperformed by 20.93% the S&P500.

Among 4 analysts covering New Gold Inc. (NYSEMKT:NGD), 3 have Buy rating, 1 Sell and 0 Hold. Therefore 75% are positive. New Gold Inc. had 13 analyst reports since August 24, 2015 according to SRatingsIntel. Mackie upgraded the stock to “Hold” rating in Friday, August 28 report. The rating was downgraded by Desjardins Securities to “Hold” on Thursday, September 8. The firm has “Underperform” rating by Credit Suisse given on Tuesday, January 31. The stock has “Sector Performer” rating by IBC on Friday, October 9. Desjardins Securities upgraded the shares of NGD in report on Friday, September 16 to “Buy” rating. Mackie upgraded the shares of NGD in report on Monday, August 31 to “Hold” rating.

Virtu Financial Llc, which manages about $2.02B US Long portfolio, decreased its stake in Boardwalk Pipeline Partners (NYSE:BWP) by 27,365 shares to 38,885 shares, valued at $571,000 in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (EEM) by 8,402 shares in the quarter, leaving it with 504,189 shares, and cut its stake in Deutsche Bk Ag Ldn Brh (DGZ).

Synovus Financial Corp, which manages about $5.26 billion US Long portfolio, decreased its stake in Select Sector Spdr Tr (XLV) by 5,175 shares to 17,893 shares, valued at $1.47M in 2017Q3, according to the filing. It also reduced its holding in Ambarella Inc (NASDAQ:AMBA) by 7,262 shares in the quarter, leaving it with 4,460 shares, and cut its stake in Stanley Black & Decker Inc (NYSE:SWK).

Investors sentiment increased to 0.89 in 2017 Q3. Its up 0.06, from 0.83 in 2017Q2. It increased, 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. Horrell Management Inc has 0.25% invested in Southwest Airlines Co. (NYSE:LUV). Neuberger Berman Gru Ltd holds 0.01% or 113,092 shares in its portfolio. Avalon Advsrs Ltd Limited Liability Company reported 244,132 shares. Paloma Mgmt Communications owns 141,916 shares for 0.11% of their portfolio. Asset Mgmt Inc holds 0.1% in Southwest Airlines Co. (NYSE:LUV) or 53,272 shares. 31,413 were reported by Regentatlantic Cap Limited Liability. Bank Of Mellon, New York-based fund reported 5.96 million shares. Twin Mgmt Inc, a Pennsylvania-based fund reported 171,840 shares. 1St Source Bancorp holds 0.02% or 5,306 shares in its portfolio. First Savings Bank Of Omaha reported 235,641 shares or 0.68% of all its holdings. Susquehanna Gp Llp invested in 0.01% or 383,833 shares. Gibraltar Cap Inc has 123,106 shares. Colony Grp Llc has invested 0.02% in Southwest Airlines Co. (NYSE:LUV). Td Asset Management Incorporated has invested 0.05% in Southwest Airlines Co. (NYSE:LUV). Franklin Resource owns 0% invested in Southwest Airlines Co. (NYSE:LUV) for 35,198 shares.

Since October 17, 2017, it had 0 insider buys, and 3 sales for $2.23 million activity. $2.12M worth of Southwest Airlines Co. (NYSE:LUV) was sold by Jordan Robert E. $1,886 worth of stock was sold by BIGGINS J VERONICA on Tuesday, October 17.

Among 19 analysts covering Southwest Airlines Co. (NYSE:LUV), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Southwest Airlines Co. had 64 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Friday, April 28 by Cowen & Co. Evercore upgraded Southwest Airlines Co. (NYSE:LUV) on Tuesday, July 26 to “Buy” rating. The stock of Southwest Airlines Co. (NYSE:LUV) has “Outperform” rating given on Friday, July 22 by Cowen & Co. On Wednesday, January 25 the stock rating was downgraded by JP Morgan to “Neutral”. On Friday, April 28 the stock rating was maintained by Imperial Capital with “Outperform”. The firm earned “Buy” rating on Monday, May 29 by Stifel Nicolaus. The stock of Southwest Airlines Co. (NYSE:LUV) has “Neutral” rating given on Wednesday, July 27 by JP Morgan. The firm has “Overweight” rating given on Wednesday, November 1 by JP Morgan. The firm earned “Outperform” rating on Tuesday, April 12 by Credit Suisse. J.P. Morgan downgraded Southwest Airlines Co. (NYSE:LUV) rating on Tuesday, January 30. J.P. Morgan has “Hold” rating and $70.0 target.

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