ClariVest Asset Management LLC Lowers Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

ClariVest Asset Management LLC decreased its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 10.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,212 shares of the transportation company’s stock after selling 1,959 shares during the period. ClariVest Asset Management LLC’s holdings in SkyWest were worth $1,413,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Quest Partners LLC purchased a new position in SkyWest in the fourth quarter worth $26,000. Kings Path Partners LLC bought a new stake in shares of SkyWest in the 2nd quarter worth approximately $42,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in SkyWest in the second quarter valued at $54,000. CWM LLC boosted its stake in shares of SkyWest by 57.3% during the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in SkyWest by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 292 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TD Cowen upped their target price 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 investment analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $76.67.

SkyWest Stock Down 0.3 %

Shares of SkyWest stock opened at $74.45 on Thursday. The stock has a market capitalization of $2.99 billion, a PE ratio of 26.88 and a beta of 1.95. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.84. The company has a 50-day simple moving average of $77.75 and a two-hundred day simple moving average of $74.45. SkyWest, Inc. has a 52-week low of $36.91 and a 52-week high of $87.86.

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

About SkyWest

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.