Yousif Capital Management LLC Cuts Stake in SkyWest, Inc. (NASDAQ:SKYW)

Yousif Capital Management LLC reduced its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,383 shares of the transportation company’s stock after selling 169 shares during the quarter. Yousif Capital Management LLC’s holdings in SkyWest were worth $1,540,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC raised its stake in shares of SkyWest by 0.7% during the third quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock valued at $81,697,000 after purchasing an additional 6,542 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of SkyWest by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock valued at $58,051,000 after purchasing an additional 76,007 shares during the period. FMR LLC grew its holdings in SkyWest by 42.2% during the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock valued at $41,162,000 after purchasing an additional 143,661 shares in the last quarter. JPMorgan Chase & Co. increased its stake in SkyWest by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock worth $30,396,000 after buying an additional 11,169 shares during the period. Finally, Principal Financial Group Inc. boosted its position in SkyWest by 9.1% in the 3rd quarter. Principal Financial Group Inc. now owns 216,574 shares of the transportation company’s stock valued at $18,413,000 after buying an additional 18,047 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Robert J. Simmons sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the completion of the transaction, the chief financial officer now directly owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on SKYW. Raymond James reaffirmed an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st. TD Cowen lifted their price objective on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $119.00 target price on shares of SkyWest in a research report on Friday, November 15th.

SkyWest Stock Performance

Shares of SKYW stock opened at $110.82 on Thursday. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of 14.26 and a beta of 1.98. SkyWest, Inc. has a one year low of $57.15 and a one year high of $135.57. The company’s 50-day simple moving average is $109.18 and its 200-day simple moving average is $95.97. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 0.78.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm posted $0.42 EPS. Equities analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

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.