Segall Bryant & Hamill LLC Has $2.69 Million Position in SkyWest, Inc. (NASDAQ:SKYW)

Segall Bryant & Hamill LLC decreased its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 6.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 26,876 shares of the transportation company’s stock after selling 1,756 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in SkyWest were worth $2,691,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SKYW. Prudential Financial Inc. increased its holdings in SkyWest by 7.2% in the fourth quarter. Prudential Financial Inc. now owns 355,366 shares of the transportation company’s stock valued at $35,583,000 after purchasing an additional 23,800 shares during the last quarter. LPL Financial LLC increased its stake in shares of SkyWest by 50.5% in the 4th quarter. LPL Financial LLC now owns 36,640 shares of the transportation company’s stock valued at $3,669,000 after acquiring an additional 12,300 shares during the last quarter. Fox Run Management L.L.C. raised its position in shares of SkyWest by 62.4% in the 4th quarter. Fox Run Management L.L.C. now owns 21,346 shares of the transportation company’s stock valued at $2,137,000 after acquiring an additional 8,205 shares during the period. KLP Kapitalforvaltning AS bought a new position in SkyWest during the 4th quarter worth approximately $190,000. Finally, American Century Companies Inc. grew its holdings in SkyWest by 7.5% during the fourth quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company’s stock valued at $139,211,000 after purchasing an additional 97,108 shares during the period. Institutional investors own 81.30% of the company’s stock.

SkyWest Trading Down 2.9 %

NASDAQ:SKYW opened at $90.65 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The business’s 50-day simple moving average is $102.08 and its 200-day simple moving average is $100.18. SkyWest, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $135.57. The stock has a market capitalization of $3.66 billion, a PE ratio of 11.67 and a beta of 2.00.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share 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 period last year, the company earned $0.42 EPS. Sell-side analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $113.57, for a total value of $681,420.00. Following the sale, the chief financial officer now owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the sale, the vice president now owns 68,737 shares in the company, valued at $7,267,563.01. The trade was a 17.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James reiterated an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of SkyWest in a report on Friday, January 31st.

SkyWest 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.