Intel Stake in Vonage Hldgs (VG) Has Lowered by $8.33 Million; Tide Point Capital Management LP Has Lowered Southwest Airls Co (LUV) Holding as Valuation Declined

August 12, 2018 - By Richard Slagle

Southwest Airlines Co. (NYSE:LUV) Logo

Tide Point Capital Management Lp decreased its stake in Southwest Airls Co (LUV) by 70.97% based on its latest 2018Q1 regulatory filing with the SEC. Tide Point Capital Management Lp sold 622,118 shares as the company’s stock declined 11.16% with the market. The hedge fund held 254,527 shares of the air freight and delivery services company at the end of 2018Q1, valued at $14.58M, down from 876,645 at the end of the previous reported quarter. Tide Point Capital Management Lp who had been investing in Southwest Airls Co for a number of months, seems to be less bullish one the $33.80B market cap company. It closed at $58.99 lastly. It is down 13.23% since August 12, 2017 and is downtrending. It has underperformed by 25.80% the S&P500. Some Historical LUV News: 16/05/2018 – SOUTHWEST AIR CONCLUDES WEBCAST OF SHAREHOLDER MEETING; 18/04/2018 – Daily Mail US: EXCLUSIVE: Grieving family of Southwest Airlines victim say they have not yet decided whether to sue over tragic; 19/04/2018 – SOUTHWEST OPPOSED FAA RECOMMENDATION TO INSPECT FAN BLADES: AP; 18/04/2018 – The engine type involved in the Southwest flight incident was also involved in a 2016 engine failure; 23/04/2018 – Southwest Air Expects ‘Minimal’ Delays And Cancellations This Week; 17/04/2018 – KRON4 News: #BREAKING – Southwest Airlines plane makes emergency landing in Philly; 03/04/2018 – Southwest in Talks With Boeing for Additional 737 Max Jet Orders; 27/03/2018 – Southwest Airlines Provides Travel For Hundreds Of Patients Through Medical Transportation Grant Program; 18/04/2018 – COMPANY BEHIND EXPLODED SOUTHWEST AIRLINES LUV.N ENGINE SAID SENDING 40 GENERAL ELECTRIC GE.N AND SAFRAN SAF.PA TECHNICIANS TO AID AIRLINE’S ENGINE INSPECTION; 18/04/2018 – SOUTHWEST AIRLINES CO – THE FLIGHT 577 AIRCRAFT HAS BEEN TAKEN OUT OF SERVICE FOR MAINTENANCE REVIEW

Intel Corp decreased its stake in Vonage Hldgs Corp (VG) by 92.07% based on its latest 2018Q1 regulatory filing with the SEC. Intel Corp sold 832,788 shares as the company’s stock rose 10.96% while stock markets declined. The institutional investor held 71,747 shares of the telecommunications equipment company at the end of 2018Q1, valued at $764,000, down from 904,535 at the end of the previous reported quarter. Intel Corp who had been investing in Vonage Hldgs Corp for a number of months, seems to be less bullish one the $3.27B market cap company. The stock decreased 0.29% or $0.04 during the last trading session, reaching $13.66. About 1.14 million shares traded. Vonage Holdings Corp. (NYSE:VG) has risen 58.76% since August 12, 2017 and is uptrending. It has outperformed by 46.19% the S&P500. Some Historical VG News: 14/03/2018 – Nexmo, the Vonage API Platform, Releases New Enterprise Plan; 12/03/2018 – Vonage Partners With Leading Workflow Automation Providers, iPaaS Providers and Bot Platforms to Bring Real-time Communications to Business Workflows; 08/05/2018 – VONAGE 1Q ADJ EPS 13C, EST. 7.0C; 23/04/2018 – DJ Vonage Holdings Corp, Inst Holders, 1Q 2018 (VG); 04/04/2018 – Vonage Holdings Names Sagi Dudai Chief Technology Officer; 14/05/2018 – Vonage Chief Marketing Officer Ted Gilvar to Leave Company June 1; 20/03/2018 – Vonage Launches New Comprehensive Channel Program to Accelerate Adoption of Business Cloud Communications in the Mid-Market and Enterprise Segments; 25/05/2018 – Vonage Presenting at Conference May 30; 08/05/2018 – Vonage’s First Quarter Highlighted by Innovation on Vonage Business Cloud Platform and Strong Business Cloud Growth; 04/04/2018 – VONAGE NAMES SAGI DUDAI CHIEF TECHNOLOGY OFFICER

More news for Vonage Holdings Corp. (NYSE:VG) were recently published by: Seekingalpha.com, which released: “Vonage Acquires TokBox For WebRTC Video Tech” on August 07, 2018. Seekingalpha.com‘s article titled: “Vonage Holdings Corp. (VG) CEO Alan Masarek on Q2 2018 Results – Earnings Call Transcript” and published on August 01, 2018 is yet another important article.

Analysts await Vonage Holdings Corp. (NYSE:VG) to report earnings on November, 6. They expect $0.09 EPS, up 28.57% or $0.02 from last year’s $0.07 per share. VG’s profit will be $21.52 million for 37.94 P/E if the $0.09 EPS becomes a reality. After $0.07 actual EPS reported by Vonage Holdings Corp. for the previous quarter, Wall Street now forecasts 28.57% EPS growth.

Since February 26, 2018, it had 0 insider purchases, and 14 selling transactions for $32.10 million activity. $26,304 worth of Vonage Holdings Corp. (NYSE:VG) was sold by KAHN VALERIE on Tuesday, June 12. Another trade for 29,388 shares valued at $311,529 was made by LALA VINOD on Monday, March 19. The insider MASAREK ALAN sold $5.04M. Shares for $27,346 were sold by PATEL JAYESH on Thursday, May 17. GILVAR EDWARD M. sold 11,322 shares worth $121,406. WYATT KENNETH sold $411,996 worth of stock.

Among 11 analysts covering Vonage (NYSE:VG), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Vonage had 34 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was maintained by Needham on Wednesday, November 8 with “Buy”. The stock of Vonage Holdings Corp. (NYSE:VG) earned “Buy” rating by Robert W. Baird on Wednesday, January 3. The firm earned “Buy” rating on Tuesday, June 28 by Needham. Craig Hallum maintained the shares of VG in report on Thursday, August 3 with “Buy” rating. The company was initiated on Wednesday, September 14 by Robert W. Baird. Oppenheimer maintained Vonage Holdings Corp. (NYSE:VG) on Friday, February 12 with “Outperform” rating. On Friday, July 31 the stock rating was maintained by Northland Capital with “Outperform”. Canaccord Genuity maintained it with “Buy” rating and $8.50 target in Thursday, November 5 report. Summit Research initiated Vonage Holdings Corp. (NYSE:VG) rating on Tuesday, March 8. Summit Research has “Hold” rating and $6 target. The firm has “Buy” rating given on Thursday, February 22 by William Blair.

Investors sentiment decreased to 1.3 in Q1 2018. Its down 0.10, from 1.4 in 2017Q4. It worsened, as 23 investors sold VG shares while 74 reduced holdings. 52 funds opened positions while 74 raised stakes. 187.98 million shares or 0.94% more from 186.23 million shares in 2017Q4 were reported. Royal Savings Bank Of Canada invested in 2.66 million shares. Gp One Trading Limited Partnership holds 0% or 3,609 shares in its portfolio. Moreover, Balyasny Asset has 0% invested in Vonage Holdings Corp. (NYSE:VG) for 37,604 shares. Aqr Cap Mngmt Llc has invested 0% in Vonage Holdings Corp. (NYSE:VG). Teachers Retirement Of The State Of Kentucky owns 157,453 shares or 0.02% of their US portfolio. Sei Invests Communications invested in 590,738 shares. Qs Invsts Ltd Limited Liability Company stated it has 0% in Vonage Holdings Corp. (NYSE:VG). Aperio Group Ltd Llc reported 44,104 shares stake. Riverhead Management Ltd Limited Liability Company has 17,783 shares for 0.01% of their portfolio. Price T Rowe Associates Inc Md has invested 0% of its portfolio in Vonage Holdings Corp. (NYSE:VG). Gsa Partners Llp stated it has 16,135 shares. 49,593 are held by Etrade Capital Llc. Regions has 23,529 shares. Moreover, Bancorporation Of Montreal Can has 0% invested in Vonage Holdings Corp. (NYSE:VG) for 15,787 shares. Advisory Ntwk Lc has 44 shares for 0% of their portfolio.

More notable recent Southwest Airlines Co. (NYSE:LUV) news were published by: Fool.com which released: “Southwest Airlines Hawaii Flights Will Have to Wait Until 2019” on August 12, 2018, also Seekingalpha.com with their article: “Southwest Airlines: Earnings Power Still Underappreciated” published on July 30, 2018, Fool.com published: “Will Berkshire Hathaway Buy Southwest Airlines?” on August 09, 2018. More interesting news about Southwest Airlines Co. (NYSE:LUV) were released by: Bizjournals.com and their article: “Southwest would be a good fit for Berkshire Hathaway, analysts say” published on August 09, 2018 as well as Seekingalpha.com‘s news article titled: “Southwest Airlines revenue arrives light” with publication date: July 26, 2018.

Since February 12, 2018, it had 0 insider purchases, and 6 selling transactions for $5.77 million activity. Wells Gregory D sold $490,066 worth of stock. The insider Romo Tammy sold 20,272 shares worth $1.17M. Another trade for 27,271 shares valued at $1.58M was sold by KELLY GARY C. Shares for $196,875 were bought by CUNNINGHAM WILLIAM H DR on Monday, February 12. BROOKS DOUGLAS H sold $600,491 worth of stock or 10,000 shares.

Analysts await Southwest Airlines Co. (NYSE:LUV) to report earnings on October, 25. They expect $1.06 EPS, up 20.45% or $0.18 from last year’s $0.88 per share. LUV’s profit will be $607.39 million for 13.91 P/E if the $1.06 EPS becomes a reality. After $1.26 actual EPS reported by Southwest Airlines Co. for the previous quarter, Wall Street now forecasts -15.87% negative EPS growth.

Among 22 analysts covering Southwest Airlines Co. (NYSE:LUV), 16 have Buy rating, 0 Sell and 6 Hold. Therefore 73% are positive. Southwest Airlines Co. had 84 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Hold” rating by J.P. Morgan on Tuesday, January 30. UBS maintained the stock with “Buy” rating in Thursday, March 22 report. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 24. Imperial Capital maintained the shares of LUV in report on Thursday, January 12 with “Outperform” rating. Credit Suisse maintained the stock with “Outperform” rating in Friday, January 22 report. The firm earned “Overweight” rating on Thursday, April 12 by Morgan Stanley. Deutsche Bank maintained Southwest Airlines Co. (NYSE:LUV) rating on Friday, October 23. Deutsche Bank has “Buy” rating and $54 target. The firm earned “Outperform” rating on Friday, January 27 by Cowen & Co. On Wednesday, July 27 the stock rating was downgraded by JP Morgan to “Neutral”. As per Friday, July 24, the company rating was maintained by Cowen & Co.

Tide Point Capital Management Lp, which manages about $378.20 million and $1.31 billion US Long portfolio, upped its stake in Emerson Elec Co (NYSE:EMR) by 80,229 shares to 1.01M shares, valued at $68.83 million in 2018Q1, according to the filing. It also increased its holding in Ambarella Inc (Call) (NASDAQ:AMBA) by 511,400 shares in the quarter, for a total of 1.04 million shares, and has risen its stake in Deere & Co (NYSE:DE).

Investors sentiment decreased to 0.88 in Q1 2018. Its down 0.08, from 0.96 in 2017Q4. It fall, as 79 investors sold LUV shares while 249 reduced holdings. 65 funds opened positions while 222 raised stakes. 440.55 million shares or 2.72% less from 452.86 million shares in 2017Q4 were reported. Blair William Il accumulated 8,799 shares. Aldebaran Fincl has invested 1.75% in Southwest Airlines Co. (NYSE:LUV). Shell Asset Comm reported 17,375 shares. Retirement Sys Of Alabama accumulated 556,079 shares. Thrivent For Lutherans stated it has 0.9% of its portfolio in Southwest Airlines Co. (NYSE:LUV). Raymond James Assoc holds 420,812 shares or 0.04% of its portfolio. Pggm Invests reported 325,900 shares. Ohio-based Meeder Asset Mgmt has invested 0.31% in Southwest Airlines Co. (NYSE:LUV). Keybank Natl Association Oh holds 0.01% or 24,732 shares. Rhumbline Advisers holds 1.01M shares or 0.12% of its portfolio. Central Savings Bank And Trust Commerce holds 10,019 shares or 0.14% of its portfolio. Burney reported 71,577 shares. Daiwa Sb Investments Ltd holds 0.18% in Southwest Airlines Co. (NYSE:LUV) or 10,810 shares. Cambridge Invest Research Advsr Inc holds 65,277 shares or 0.04% of its portfolio. Woodmont Inv Counsel Limited Liability holds 0.39% or 24,710 shares in its portfolio.

Vonage Holdings Corp. (NYSE:VG) Institutional Positions Chart

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