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

Thrivent Financial for Lutherans lowered its position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 31.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,719 shares of the transportation company's stock after selling 30,174 shares during the period. Thrivent Financial for Lutherans owned about 0.16% of SkyWest worth $6,580,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of SkyWest during the 3rd quarter valued at about $31,000. Private Trust Co. NA grew its position in SkyWest by 157.1% during the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company's stock valued at $49,000 after acquiring an additional 300 shares during the last quarter. Sound Income Strategies LLC bought a new position in SkyWest during the fourth quarter valued at approximately $50,000. Jones Financial Companies Lllp raised its stake in shares of SkyWest by 117.2% during the fourth quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company's stock worth $83,000 after acquiring an additional 449 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of SkyWest by 193.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company's stock worth $87,000 after acquiring an additional 569 shares during the last quarter. Institutional investors own 81.30% of the company's stock.

SkyWest Trading Down 2.9 %

SKYW stock traded down $2.67 during midday trading on Thursday, hitting $90.65. The company had a trading volume of 359,378 shares, compared to its average volume of 377,397. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 11.67 and a beta of 2.00. The stock's 50 day moving average price is $102.44 and its 200 day moving average price is $100.24.

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SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating analysts' consensus estimates 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 quarter last year, the company posted $0.42 earnings per share. As a group, equities research analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Raymond James reaffirmed an "outperform" rating and set a $130.00 target price (up previously from $120.00) on shares of SkyWest in a report on Friday, January 31st.

Insider Activity

In other news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.85. Following the sale, the vice president now directly owns 68,737 shares in the company, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the company's stock in a transaction that occurred on 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 of the company's stock, 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.

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.