As Intuit (INTU) Stock Price Rose, Element Capital Management Decreased Stake; Clarivest Asset Management Has Lowered Its Stake in Skywest (SKYW) as Stock Rose

August 12, 2018 - By Victoria Pittman

Intuit Inc. (NASDAQ:INTU) Logo

Clarivest Asset Management Llc decreased its stake in Skywest Inc (SKYW) by 7.26% based on its latest 2018Q1 regulatory filing with the SEC. Clarivest Asset Management Llc sold 13,729 shares as the company’s stock rose 1.74% while stock markets declined. The institutional investor held 175,456 shares of the transportation company at the end of 2018Q1, valued at $9.55M, down from 189,185 at the end of the previous reported quarter. Clarivest Asset Management Llc who had been investing in Skywest Inc for a number of months, seems to be less bullish one the $3.09 billion market cap company. The stock decreased 1.58% or $0.95 during the last trading session, reaching $59.25. About 107,896 shares traded. SkyWest, Inc. (NASDAQ:SKYW) has risen 60.74% since August 12, 2017 and is uptrending. It has outperformed by 48.17% the S&P500. Some Historical SKYW News: 09/04/2018 – SKYWEST COMBINED MARCH LOAD FACTOR 80.2% VS. 81%; 26/04/2018 – Skywest 1Q EPS $1.03; 04/05/2018 – SKYWEST DECLINES ON NEWS AAL WILL END DEAL WITH EXPRESSJET UNIT; 27/04/2018 – Factors of Influence in 2018, Key Indicators and Opportunity within Bottomline Technologies, SkyWest, Pacific Biosciences of Ca; 09/05/2018 – SKYWEST INC – APRIL 2018 LOAD FACTOR OF 79.5 PCT VS 81.0 PCT IN APRIL 2017; 26/04/2018 – SKYWEST INC – EXPRESSJET AIRLINES CONTINUED PREVIOUSLY-ANNOUNCED 2018 WIND DOWN OF ITS FLYING AGREEMENT WITH DELTA DURING QUARTER; 26/04/2018 – SkyWest, Inc. Announces First Quarter 2018 Profit

Element Capital Management Llc decreased its stake in Intuit (INTU) by 55.21% based on its latest 2018Q1 regulatory filing with the SEC. Element Capital Management Llc sold 152,014 shares as the company’s stock rose 14.14% while stock markets declined. The hedge fund held 123,331 shares of the prepackaged software company at the end of 2018Q1, valued at $21.38M, down from 275,345 at the end of the previous reported quarter. Element Capital Management Llc who had been investing in Intuit for a number of months, seems to be less bullish one the $54.14B market cap company. The stock decreased 0.09% or $0.18 during the last trading session, reaching $211.01. About 727,708 shares traded. Intuit Inc. (NASDAQ:INTU) has risen 42.45% since August 12, 2017 and is uptrending. It has outperformed by 29.88% the S&P500. Some Historical INTU News: 25/04/2018 – Intuit Now Expects Full-Year Fiscal 2018 Consumer Group Revenue Growth of 12% to 13%; 22/05/2018 – INTUIT INC INTU.O SEES FY 2018 NON-GAAP SHR $5.51 TO $5.53; 22/05/2018 – Intuit Sees 4Q Rev $940-$960; 26/04/2018 – INTUIT INC INTU.O : UBS RAISES TARGET PRICE TO $187 FROM $177; 22/05/2018 – INTUIT INC QTRLY GAAP SHR $4.59; 24/05/2018 – Cramer also hears from the CEOs of Indigo Agriculture and Intuit; 07/03/2018 – Medfusion Launches its Newest Patient Experience Platform at HIMSS18; 20/04/2018 – DJ Intuit Inc, Inst Holders, 1Q 2018 (INTU); 27/03/2018 – MOODY’S UPGRADES INTUIT SR UNSECURED TO A3; OUTLOOK STABLE; 25/04/2018 – INTUIT SEES YEAR CONSUMER GROUP REV. GROWTH OF 12 TO 13%

Element Capital Management Llc, which manages about $30.52 billion and $4.27 billion US Long portfolio, upped its stake in Boeing Co (NYSE:BA) by 76,132 shares to 164,794 shares, valued at $54.03M in 2018Q1, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 122,917 shares in the quarter, for a total of 361,591 shares, and has risen its stake in Lululemon Athletica Inc (NASDAQ:LULU).

Investors sentiment decreased to 0.78 in 2018 Q1. Its down 0.12, from 0.9 in 2017Q4. It dived, as 31 investors sold INTU shares while 277 reduced holdings. 59 funds opened positions while 180 raised stakes. 219.45 million shares or 1.28% more from 216.67 million shares in 2017Q4 were reported. Highland Capital Ltd Liability Company owns 0.04% invested in Intuit Inc. (NASDAQ:INTU) for 3,021 shares. Invesco Ltd reported 2.59M shares. Daiwa Secs Grp Inc Inc owns 30,966 shares for 0.04% of their portfolio. Suntrust Banks invested 0.06% in Intuit Inc. (NASDAQ:INTU). Moreover, Global X Co Limited Company has 0.16% invested in Intuit Inc. (NASDAQ:INTU) for 45,855 shares. Shell Asset Mgmt reported 0.17% in Intuit Inc. (NASDAQ:INTU). Winslow Cap Mngmt Lc stated it has 1.32% in Intuit Inc. (NASDAQ:INTU). Ftb Advsrs Incorporated has 450 shares. Oakworth Capital Inc stated it has 5 shares or 0% of all its holdings. Omers Administration stated it has 0.06% of its portfolio in Intuit Inc. (NASDAQ:INTU). United Automobile Association holds 156,185 shares or 0.07% of its portfolio. 123,906 were accumulated by Aviva Pcl. Huntington Bank holds 23,297 shares. Cwm Limited Liability Corp invested in 0% or 476 shares. 7,344 were accumulated by Prudential Public Ltd Co.

Among 25 analysts covering Intuit (NASDAQ:INTU), 12 have Buy rating, 3 Sell and 10 Hold. Therefore 48% are positive. Intuit had 106 analyst reports since August 10, 2015 according to SRatingsIntel. UBS maintained the shares of INTU in report on Wednesday, August 24 with “Buy” rating. The stock has “Hold” rating by Zacks on Tuesday, August 25. RBC Capital Markets downgraded Intuit Inc. (NASDAQ:INTU) on Tuesday, August 11 to “Outperform” rating. Argus Research maintained it with “Buy” rating and $195 target in Monday, February 26 report. The stock has “Buy” rating by Deutsche Bank on Tuesday, January 9. On Friday, February 24 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The company was maintained on Thursday, April 26 by JP Morgan. The stock has “Hold” rating by RBC Capital Markets on Thursday, February 22. Credit Suisse initiated the shares of INTU in report on Thursday, April 21 with “Neutral” rating. Wells Fargo upgraded it to “Buy” rating and $163.0 target in Thursday, September 21 report.

Analysts await Intuit Inc. (NASDAQ:INTU) to report earnings on August, 23 after the close. They expect $-0.04 earnings per share, down 140.00% or $0.14 from last year’s $0.1 per share. After $4.56 actual earnings per share reported by Intuit Inc. for the previous quarter, Wall Street now forecasts -100.88% negative EPS growth.

Since February 26, 2018, it had 0 insider purchases, and 14 sales for $276.05 million activity. COOK SCOTT D also sold $36.42M worth of Intuit Inc. (NASDAQ:INTU) on Friday, March 9. FLOURNOY MARK J sold 5,513 shares worth $1.09 million. 225,543 shares were sold by Wernikoff Daniel A, worth $44.32M on Tuesday, May 29.

More recent Intuit Inc. (NASDAQ:INTU) news were published by: Seekingalpha.com which released: “Intuit sells largest data center, updates guidance” on July 18, 2018. Also Seekingalpha.com published the news titled: “Intuit And The Art Of Customer Monetization” on July 19, 2018. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For August 8, 2018” with publication date: August 08, 2018 was also an interesting one.

Since March 6, 2018, it had 0 insider buys, and 3 sales for $2.78 million activity. Woodward Eric sold $256,067 worth of stock. The insider Vais Terry sold $324,800.

Clarivest Asset Management Llc, which manages about $3.41B and $5.81 billion US Long portfolio, upped its stake in Mcdermott Intl Inc (NYSE:MDR) by 189,006 shares to 951,245 shares, valued at $5.79 million in 2018Q1, according to the filing. It also increased its holding in Radnet Inc (NASDAQ:RDNT) by 119,739 shares in the quarter, for a total of 244,044 shares, and has risen its stake in Triple (NYSE:GTS).

More news for SkyWest, Inc. (NASDAQ:SKYW) were recently published by: Seekingalpha.com, which released: “SkyWest, Inc. (SKYW) CEO Chip Childs on Q2 2018 Results – Earnings Call Transcript” on July 27, 2018. Streetinsider.com‘s article titled: “SkyWest (SKYW) Declares $0.10 Quarterly Dividend; 0.7% Yield” and published on July 14, 2018 is yet another important article.

Among 6 analysts covering SkyWest (NASDAQ:SKYW), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. SkyWest had 26 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of SkyWest, Inc. (NASDAQ:SKYW) earned “Buy” rating by Cowen & Co on Monday, January 8. On Friday, April 27 the stock rating was maintained by Cowen & Co with “Buy”. Raymond James upgraded the stock to “Strong Buy” rating in Thursday, April 13 report. Evercore upgraded the stock to “Buy” rating in Friday, July 31 report. As per Thursday, October 26, the company rating was maintained by Deutsche Bank. The company was maintained on Tuesday, February 6 by Imperial Capital. The rating was maintained by Deutsche Bank with “Buy” on Friday, July 31. The stock has “In-Line” rating by Imperial Capital on Monday, August 3. The stock has “Buy” rating by Sidoti on Thursday, December 17. Cowen & Co maintained SkyWest, Inc. (NASDAQ:SKYW) rating on Monday, September 11. Cowen & Co has “Buy” rating and $44.0 target.

Intuit Inc. (NASDAQ:INTU) Institutional Positions Chart

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