Janney Montgomery Scott LLC Has $1.80 Million Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Janney Montgomery Scott LLC reduced its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 11.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,012 shares of the transportation company’s stock after selling 2,237 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SkyWest were worth $1,804,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SKYW. Pitcairn Co. bought a new position in shares of SkyWest in the 3rd quarter worth $535,000. Summit Global Investments bought a new position in shares of SkyWest in the third quarter valued at $539,000. JPMorgan Chase & Co. grew its holdings in shares of SkyWest by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock valued at $30,396,000 after buying an additional 11,169 shares during the last quarter. Barclays PLC raised its holdings in shares of SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after acquiring an additional 129,901 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of SkyWest by 104.0% in the third quarter. BNP Paribas Financial Markets now owns 22,549 shares of the transportation company’s stock worth $1,917,000 after purchasing an additional 11,494 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

Insider Transactions at SkyWest

In other SkyWest news, CEO Russell A. Childs sold 27,903 shares of SkyWest stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $111.47, for a total transaction of $3,110,347.41. Following the completion of the sale, the chief executive officer now owns 349,548 shares of the company’s stock, valued at $38,964,115.56. The trade was a 7.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Eric Woodward sold 4,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $4,954,831.78. This represents a 8.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,467 shares of company stock valued at $10,082,596 over the last three months. Company insiders own 2.00% of the company’s stock.

SkyWest Stock Up 3.6 %

Shares of NASDAQ SKYW opened at $120.92 on Monday. The business’s fifty day moving average price is $108.91 and its 200-day moving average price is $94.34. SkyWest, Inc. has a one year low of $52.78 and a one year high of $135.57. The stock has a market capitalization of $4.88 billion, a PE ratio of 20.67 and a beta of 1.98. 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 earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. During the same quarter last year, the firm earned $0.42 earnings per share. On average, equities research analysts anticipate that SkyWest, Inc. will post 7.17 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Raymond James reaffirmed an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of SkyWest in a report on Friday. Finally, TD Cowen lifted their price target on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $109.75.

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.