Thrivent Financial for Lutherans Has $8.03 Million Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Thrivent Financial for Lutherans decreased its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 18.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,821 shares of the transportation company’s stock after selling 22,667 shares during the quarter. Thrivent Financial for Lutherans owned 0.24% of SkyWest worth $8,029,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Personalized Indexing Management LLC acquired a new position in SkyWest in the 4th quarter valued at $204,000. Norges Bank bought a new stake in SkyWest during the fourth quarter worth about $12,134,000. Quest Partners LLC acquired a new stake in SkyWest during the fourth quarter worth about $26,000. Franklin Resources Inc. grew its stake in SkyWest by 14.2% during the fourth quarter. Franklin Resources Inc. now owns 27,502 shares of the transportation company’s stock worth $1,436,000 after buying an additional 3,415 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC raised its position in shares of SkyWest by 306.3% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 24,409 shares of the transportation company’s stock valued at $1,274,000 after buying an additional 18,401 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

Analysts Set New Price Targets

Separately, TD Cowen increased their price target on shares of SkyWest from $85.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $76.67.

SkyWest Stock Performance

NASDAQ:SKYW opened at $83.90 on Friday. SkyWest, Inc. has a twelve month low of $36.91 and a twelve month high of $87.86. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The stock’s 50-day simple moving average is $76.89 and its 200 day simple moving average is $75.59. The firm has a market capitalization of $3.38 billion, a PE ratio of 30.29 and a beta of 1.95.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, July 25th. The transportation company reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.09. The company had revenue of $867.10 million for the quarter, compared to the consensus estimate of $826.56 million. SkyWest had a net margin of 5.55% and a return on equity of 8.18%. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. During the same period last year, the company posted $0.35 EPS. On average, analysts anticipate that SkyWest, Inc. will post 6.88 EPS for the current fiscal 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.