SkyWest, Inc. (NASDAQ:SKYW) Shares Bought by USA Financial Formulas

USA Financial Formulas boosted its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 63.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,180 shares of the transportation company’s stock after purchasing an additional 459 shares during the quarter. USA Financial Formulas’ holdings in SkyWest were worth $118,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. boosted its stake in shares of SkyWest by 2.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,252,410 shares of the transportation company’s stock worth $184,855,000 after acquiring an additional 51,180 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of SkyWest by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock valued at $81,697,000 after buying an additional 6,542 shares during the period. Charles Schwab Investment Management Inc. increased its position in SkyWest by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock worth $58,051,000 after purchasing an additional 76,007 shares in the last quarter. SW Investment Management LLC lifted its stake in shares of SkyWest by 13.2% during the second quarter. SW Investment Management LLC now owns 600,000 shares of the transportation company’s stock worth $49,242,000 after purchasing an additional 70,000 shares in the last quarter. Finally, FMR LLC boosted its position in SkyWest by 42.2% in the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock valued at $41,162,000 after buying an additional 143,661 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on SKYW shares. The Goldman Sachs Group reissued a “neutral” rating and set a $119.00 target price on shares of SkyWest in a report on Friday, November 15th. TD Cowen raised their target price on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Raymond James lifted their price objective on shares of SkyWest from $114.00 to $120.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $107.25.

SkyWest Stock Down 0.8 %

Shares of NASDAQ:SKYW opened at $108.97 on Friday. The company has a market capitalization of $4.39 billion, a PE ratio of 18.63 and a beta of 1.98. The company’s fifty day moving average is $108.19 and its 200-day moving average is $91.82. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.86. SkyWest, Inc. has a 52 week low of $48.42 and a 52 week high of $117.51.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.24. The firm had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The company’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.55 EPS. Equities research analysts predict that SkyWest, Inc. will post 7.17 earnings per share for the current fiscal year.

Insider Activity at SkyWest

In other news, insider Wade J. Steel sold 19,079 shares of SkyWest stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $104.48, for a total value of $1,993,373.92. Following the completion of the sale, the insider now directly owns 97,654 shares in the company, valued at approximately $10,202,889.92. The trade was a 16.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Russell A. Childs sold 27,903 shares of SkyWest stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total transaction of $3,110,347.41. Following the completion of the transaction, the chief executive officer now directly owns 349,548 shares in the company, valued at $38,964,115.56. This trade represents a 7.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,467 shares of company stock valued at $10,082,596. 2.50% of the stock is owned by corporate insiders.

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.