GSA Capital Partners LLP Takes $371,000 Position in SkyWest, Inc. (NASDAQ:SKYW)

GSA Capital Partners LLP purchased a new position in SkyWest, Inc. (NASDAQ:SKYW) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,367 shares of the transportation company’s stock, valued at approximately $371,000.

A number of other large investors have also bought and sold shares of SKYW. NBC Securities Inc. boosted its stake in shares of SkyWest by 1,368.0% during the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 342 shares during the period. Kings Path Partners LLC purchased a new stake in shares of SkyWest during the second quarter valued at approximately $42,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of SkyWest during the second quarter valued at approximately $54,000. CWM LLC boosted its stake in shares of SkyWest by 57.3% during the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 279 shares during the period. Finally, GAMMA Investing LLC boosted its stake in shares of SkyWest by 45.9% during the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 292 shares during the period. 81.30% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Wade J. Steel sold 19,079 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total value of $1,993,373.92. Following the sale, the insider now directly owns 97,654 shares of the company’s stock, valued at approximately $10,202,889.92. This represents a 16.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Eric Woodward sold 4,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was 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 directly owns 44,426 shares in the company, valued at approximately $4,954,831.78. This represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 92,467 shares of company stock worth $10,082,596. 2.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. TD Cowen increased their price objective on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group restated a “neutral” rating and set a $119.00 target price on shares of SkyWest in a report on Friday, November 15th. Finally, Raymond James upped their target price on SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, SkyWest has a consensus rating of “Moderate Buy” and an average price target of $105.75.

SkyWest Price Performance

Shares of SkyWest stock opened at $109.86 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. The company has a market cap of $4.43 billion, a PE ratio of 18.63 and a beta of 1.93. The business has a 50 day moving average of $93.77 and a 200 day moving average of $83.31. SkyWest, Inc. has a 52 week low of $45.42 and a 52 week high of $116.47.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. The business had revenue of $912.79 million during the quarter, compared to the consensus estimate of $896.21 million. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. As a group, equities research analysts forecast 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.