Mitsubishi UFJ Trust & Banking Corp Purchases 12,049 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Mitsubishi UFJ Trust & Banking Corp grew its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 127.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,518 shares of the transportation company’s stock after acquiring an additional 12,049 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in SkyWest were worth $2,155,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wealthfront Advisers LLC bought a new position in SkyWest during the 4th quarter valued at approximately $146,935,000. FMR LLC increased its stake in shares of SkyWest by 42.2% during 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 during the period. Barclays PLC raised its holdings in shares of SkyWest by 563.8% during the third quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock valued at $13,002,000 after acquiring an additional 129,901 shares in the last quarter. American Century Companies Inc. lifted its stake in SkyWest by 7.5% in the fourth quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company’s stock worth $139,211,000 after acquiring an additional 97,108 shares during the period. Finally, Navellier & Associates Inc. boosted its holdings in SkyWest by 431.1% in the fourth quarter. Navellier & Associates Inc. now owns 65,338 shares of the transportation company’s stock valued at $6,542,000 after acquiring an additional 53,035 shares in the last quarter. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

SkyWest Trading Down 1.6 %

SKYW opened at $87.37 on Tuesday. The stock has a market cap of $3.55 billion, a PE ratio of 11.24 and a beta of 2.00. The business has a 50 day moving average of $101.23 and a 200-day moving average of $100.71. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 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 quarter last year, the company earned $0.42 earnings per share. Equities research analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Activity at SkyWest

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

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.