Knights of Columbus Asset Advisors LLC Has $2.78 Million Stock Position in SkyWest, Inc. (NASDAQ:SKYW)

Knights of Columbus Asset Advisors LLC lessened its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 29.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 27,749 shares of the transportation company’s stock after selling 11,494 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in SkyWest were worth $2,779,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC bought a new stake in SkyWest in the 4th quarter valued at about $146,935,000. FMR LLC raised its position in shares of SkyWest by 42.2% in the third 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 in the last quarter. Barclays PLC boosted its stake in shares of SkyWest by 563.8% in the third quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock valued at $13,002,000 after buying an additional 129,901 shares during the period. American Century Companies Inc. grew its position 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 worth $139,211,000 after buying an additional 97,108 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake 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 acquiring an additional 76,007 shares during the period. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was 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 directly owns 68,737 shares of the company’s stock, valued at $7,267,563.01. The trade was a 17.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the 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 completion of the transaction, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

SkyWest Stock Performance

NASDAQ SKYW opened at $91.12 on Friday. SkyWest, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $135.57. The firm’s fifty day moving average price is $103.29 and its two-hundred day moving average price is $99.84. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. The stock has a market cap of $3.67 billion, a PE ratio of 11.73 and a beta of 2.00.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same period in the prior year, the company earned $0.42 earnings per share. On average, equities analysts expect that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Raymond James reaffirmed an “outperform” rating and set a $130.00 price objective (up previously from $120.00) on shares of SkyWest in a research 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.