BNP Paribas Financial Markets Purchases 11,494 Shares of SkyWest, Inc. (NASDAQ:SKYW)

BNP Paribas Financial Markets increased its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 104.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 22,549 shares of the transportation company’s stock after purchasing an additional 11,494 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.06% of SkyWest worth $1,917,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in shares of SkyWest by 1.9% during the second quarter. Commonwealth Equity Services LLC now owns 8,298 shares of the transportation company’s stock valued at $681,000 after acquiring an additional 152 shares during the last quarter. Evergreen Capital Management LLC increased its position in shares of SkyWest by 3.9% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,660 shares of the transportation company’s stock valued at $465,000 after purchasing an additional 213 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of SkyWest by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,965 shares of the transportation company’s stock worth $1,803,000 after purchasing an additional 214 shares during the period. CWM LLC boosted its holdings in shares of SkyWest by 57.3% in the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after buying an additional 279 shares during the last quarter. Finally, Hanseatic Management Services Inc. boosted its holdings in shares of SkyWest by 2.6% in the 2nd quarter. Hanseatic Management Services Inc. now owns 12,127 shares of the transportation company’s stock worth $995,000 after buying an additional 304 shares during the last quarter. 81.30% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Russell A. Childs sold 27,903 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $111.47, for a total value of $3,110,347.41. Following the sale, the chief executive officer now owns 349,548 shares in the company, valued at approximately $38,964,115.56. This trade represents a 7.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Wade J. Steel sold 19,079 shares of SkyWest stock in a transaction 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 sale, the insider now directly owns 97,654 shares of the company’s stock, valued at $10,202,889.92. This represents a 16.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 92,467 shares of company stock worth $10,082,596. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SKYW. TD Cowen lifted their price objective on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $119.00 price target on shares of SkyWest in a report on Friday, November 15th. Finally, Raymond James increased their price objective on SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

SkyWest Trading Down 3.3 %

Shares of SKYW stock opened at $109.58 on Friday. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 18.73 and a beta of 1.96. The company’s fifty day simple moving average is $101.48 and its two-hundred day simple moving average is $86.36. SkyWest, Inc. has a 1 year low of $47.32 and a 1 year high of $117.51. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76.

SkyWest (NASDAQ:SKYW) last issued 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. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The business had revenue of $912.79 million for the quarter, compared to analysts’ expectations of $896.21 million. During the same quarter in the prior year, the firm posted $0.55 EPS. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. As a group, 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.