SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Choreo LLC

Choreo LLC lowered its stake in SkyWest, Inc. (NASDAQ:SKYW) by 12.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,532 shares of the transportation company’s stock after selling 348 shares during the period. Choreo LLC’s holdings in SkyWest were worth $255,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of SKYW. Pitcairn Co. bought a new stake in SkyWest during the third quarter valued at $535,000. Summit Global Investments acquired a new position in shares of SkyWest in the 3rd quarter valued at about $539,000. JPMorgan Chase & Co. grew its position in shares of SkyWest by 3.2% during the 3rd 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 stake in SkyWest by 563.8% during the third 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 period. Finally, BNP Paribas Financial Markets lifted its holdings in 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 acquiring an additional 11,494 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction 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 transaction, the chief financial officer now directly owns 175,067 shares in the company, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

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

SkyWest Stock Up 1.4 %

SKYW opened at $110.27 on Friday. The stock’s 50 day moving average price is $109.05 and its 200 day moving average price is $96.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.76. The stock has a market cap of $4.45 billion, a P/E ratio of 14.19 and a beta of 1.98. SkyWest, Inc. has a 12 month low of $57.62 and a 12 month high of $135.57.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating 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 last year, the business earned $0.42 EPS. As a group, research analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current year.

SkyWest Company 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.