SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 2.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,835 shares of the transportation company’s stock after selling 3,061 shares during the quarter. Rhumbline Advisers owned 0.29% of SkyWest worth $11,699,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

SKYW has been the subject of a number of recent analyst reports. Raymond James restated an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st. TD Cowen boosted their price target on shares of 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 set a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th.

Insider Activity at SkyWest

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the completion of the transaction, the chief financial officer now owns 175,067 shares in the company, valued at $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Greg Wooley sold 14,545 shares of the company’s stock in a transaction dated 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 sale, the vice president now owns 68,737 shares in the company, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

SkyWest Stock Down 4.3 %

SKYW stock opened at $96.65 on Monday. SkyWest, Inc. has a one year low of $59.92 and a one year high of $135.57. The firm has a market cap of $3.90 billion, a PE ratio of 12.44 and a beta of 1.98. The firm’s 50 day moving average price is $108.58 and its 200-day moving average price is $97.72. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78.

SkyWest (NASDAQ:SKYW) last posted 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 net margin of 9.15% and a return on equity of 14.17%. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, equities research analysts anticipate that SkyWest, Inc. will post 9.01 EPS 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.