SkyWest, Inc. (NASDAQ:SKYW) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC increased its stake in SkyWest, Inc. (NASDAQ:SKYW) by 2.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,249 shares of the transportation company’s stock after purchasing an additional 516 shares during the period. Janney Montgomery Scott LLC owned 0.05% of SkyWest worth $1,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in SkyWest by 90.2% during the 2nd quarter. Victory Capital Management Inc. now owns 551,060 shares of the transportation company’s stock valued at $45,225,000 after acquiring an additional 261,349 shares during the period. American Century Companies Inc. lifted its stake in SkyWest by 16.8% during the 2nd quarter. American Century Companies Inc. now owns 1,151,578 shares of the transportation company’s stock valued at $94,510,000 after acquiring an additional 165,670 shares during the period. Millennium Management LLC lifted its stake in SkyWest by 27.7% during the 2nd quarter. Millennium Management LLC now owns 445,990 shares of the transportation company’s stock valued at $36,602,000 after acquiring an additional 96,830 shares during the period. Nicholas Investment Partners LP lifted its stake in SkyWest by 82.9% during the 2nd quarter. Nicholas Investment Partners LP now owns 188,272 shares of the transportation company’s stock valued at $15,451,000 after acquiring an additional 85,356 shares during the period. Finally, SW Investment Management LLC lifted its stake in SkyWest by 13.2% during the 2nd quarter. SW Investment Management LLC now owns 600,000 shares of the transportation company’s stock valued at $49,242,000 after acquiring an additional 70,000 shares during the period. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Eric Woodward sold 4,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $111.53, for a total value of $446,120.00. Following the completion of the sale, the chief accounting officer now owns 44,426 shares of the company’s stock, valued at approximately $4,954,831.78. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Eric Woodward sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $111.53, for a total transaction of $446,120.00. Following the completion of the sale, the chief accounting officer now owns 44,426 shares of the company’s stock, valued at $4,954,831.78. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Wade J. Steel sold 19,079 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total transaction of $1,993,373.92. Following the sale, the insider now directly owns 97,654 shares of the company’s stock, valued at $10,202,889.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 92,467 shares of company stock valued at $10,082,596. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on SKYW shares. Raymond James lifted their price objective on shares of SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. TD Cowen boosted their target price on shares of SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One research analyst has 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 a consensus rating of “Moderate Buy” and a consensus target price of $101.33.

SkyWest Stock Performance

SKYW opened at $111.97 on Thursday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. The firm has a fifty day moving average price of $90.28 and a 200 day moving average price of $82.06. SkyWest, Inc. has a 1 year low of $43.72 and a 1 year high of $116.47. The stock has a market cap of $4.52 billion, a P/E ratio of 19.14 and a beta of 1.93.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 EPS for the quarter, topping the consensus estimate of $1.92 by $0.24. The company had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The firm’s revenue was up 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Equities research analysts anticipate that SkyWest, Inc. will post 7.16 earnings per share for the current year.

About SkyWest

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.