New York State Teachers Retirement System Sells 3,222 Shares of SkyWest, Inc. (NASDAQ:SKYW)

New York State Teachers Retirement System lessened its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 6.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 50,273 shares of the transportation company’s stock after selling 3,222 shares during the period. New York State Teachers Retirement System owned about 0.12% of SkyWest worth $5,034,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Glenmede Trust Co. NA grew its holdings in SkyWest by 0.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock valued at $921,000 after buying an additional 98 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of SkyWest by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock valued at $1,953,000 after acquiring an additional 100 shares in the last quarter. Highland Capital Management LLC raised its holdings in shares of SkyWest by 6.1% in the fourth quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 160 shares in the last quarter. GAMMA Investing LLC grew its stake in SkyWest by 14.4% in the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 196 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its stake in SkyWest by 1.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 28,728 shares of the transportation company’s stock valued at $2,877,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

Insider Activity at SkyWest

In related 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 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. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.85. Following the transaction, the vice president now directly owns 68,737 shares of the company’s stock, valued at approximately $7,267,563.01. This represents a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

SkyWest Price Performance

SKYW opened at $101.01 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 12-month low of $59.08 and a 12-month high of $135.57. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 13.00 and a beta of 1.98. The stock’s 50-day moving average price is $108.78 and its 200 day moving average price is $97.15.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, beating the consensus estimate 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 period in the prior year, the company posted $0.42 EPS. As a group, sell-side analysts expect 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.