Thrivent Financial for Lutherans Cuts Stake in SkyWest, Inc. (NASDAQ:SKYW)

Thrivent Financial for Lutherans lowered its stake in shares of SkyWest, Inc. (NASDAQ:SKYW – Get Rating) by 66.0% in the fourth quarter, Holdings Channel reports. The firm owned 172,136 shares of the transportation company’s stock after selling 333,911 shares during the period. Thrivent Financial for Lutherans’ holdings in SkyWest were worth $2,842,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SKYW. Russell Investments Group Ltd. acquired a new position in SkyWest during the fourth quarter worth about $7,113,000. Fox Run Management L.L.C. boosted its position in SkyWest by 19.6% during the fourth quarter. Fox Run Management L.L.C. now owns 17,261 shares of the transportation company’s stock worth $285,000 after acquiring an additional 2,833 shares during the last quarter. U S Global Investors Inc. boosted its position in SkyWest by 12.7% during the fourth quarter. U S Global Investors Inc. now owns 3,513,646 shares of the transportation company’s stock worth $58,010,000 after acquiring an additional 395,123 shares during the last quarter. New York State Common Retirement Fund boosted its position in SkyWest by 13.7% during the fourth quarter. New York State Common Retirement Fund now owns 68,242 shares of the transportation company’s stock worth $1,127,000 after acquiring an additional 8,198 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in SkyWest by 1.8% during the fourth quarter. SummerHaven Investment Management LLC now owns 35,867 shares of the transportation company’s stock worth $592,000 after acquiring an additional 629 shares during the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.

SkyWest Stock Performance

NASDAQ:SKYW opened at $26.63 on Wednesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.09 and a quick ratio of 0.98. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 40.97 and a beta of 1.88. The company’s 50-day moving average is $22.96 and its two-hundred day moving average is $20.06. SkyWest, Inc. has a 1-year low of $14.76 and a 1-year high of $29.31.

SkyWest (NASDAQ:SKYW – Get Rating) last issued its quarterly earnings data on Thursday, April 27th. The transportation company reported ($0.45) EPS for the quarter, topping the consensus estimate of ($0.54) by $0.09. SkyWest had a net margin of 1.12% and a return on equity of 3.44%. The firm had revenue of $691.83 million for the quarter, compared to analyst estimates of $673.84 million. During the same period in the prior year, the business posted $0.35 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. Analysts forecast that SkyWest, Inc. will post -1.69 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TheStreet upgraded shares of SkyWest from a “d+” rating to a “c-” rating in a research report on Wednesday, April 19th. Raymond James upgraded shares of SkyWest from an “underperform” rating to a “market perform” rating in a research report on Monday, April 3rd. Finally, StockNews.com assumed coverage on shares of SkyWest in a research report on Thursday, March 16th. They set a “hold” rating on the stock. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $20.75.

About SkyWest

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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.