Thrivent Financial for Lutherans Sells 30,174 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Thrivent Financial for Lutherans reduced its position in SkyWest, Inc. (NASDAQ:SKYW) by 31.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,719 shares of the transportation company’s stock after selling 30,174 shares during the quarter. Thrivent Financial for Lutherans owned 0.16% of SkyWest worth $6,580,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Counterpoint Mutual Funds LLC lifted its position in SkyWest by 13.9% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 17,833 shares of the transportation company’s stock worth $1,786,000 after buying an additional 2,174 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of SkyWest during the fourth quarter worth approximately $371,000. Royce & Associates LP lifted its holdings in shares of SkyWest by 31.2% in the 4th quarter. Royce & Associates LP now owns 20,423 shares of the transportation company’s stock worth $2,045,000 after acquiring an additional 4,852 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of SkyWest by 12.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,098 shares of the transportation company’s stock worth $310,000 after acquiring an additional 352 shares during the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in shares of SkyWest by 16.4% in the 4th quarter. Picton Mahoney Asset Management now owns 5,224 shares of the transportation company’s stock valued at $524,000 after purchasing an additional 736 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, VP Greg Wooley sold 14,545 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the completion of the sale, the vice president now directly owns 68,737 shares in the company, valued at approximately $7,267,563.01. This represents a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the transaction, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James reiterated an “outperform” rating and issued a $130.00 target price (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

SkyWest Price Performance

Shares of SkyWest stock opened at $91.12 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. SkyWest, Inc. has a one year low of $64.61 and a one year high of $135.57. The business’s 50 day simple moving average is $103.29 and its two-hundred day simple moving average is $100.02. The stock has a market capitalization of $3.67 billion, a P/E ratio of 11.73 and a beta of 2.00.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same period in the previous year, the business earned $0.42 EPS. Analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current year.

SkyWest Company Profile

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.