Sanctuary Advisors LLC Has $335,000 Stock Position in SkyWest, Inc. (NASDAQ:SKYW)

Sanctuary Advisors LLC grew its position in SkyWest, Inc. (NASDAQ:SKYW) by 22.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,346 shares of the transportation company’s stock after acquiring an additional 605 shares during the period. Sanctuary Advisors LLC’s holdings in SkyWest were worth $335,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Glenmede Trust Co. NA grew its position in SkyWest by 0.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock worth $921,000 after acquiring an additional 98 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in SkyWest by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock worth $1,953,000 after buying an additional 100 shares in the last quarter. Highland Capital Management LLC lifted its holdings in SkyWest by 6.1% during the 4th quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock worth $279,000 after buying an additional 160 shares in the last quarter. GAMMA Investing LLC lifted its holdings in SkyWest by 14.4% during the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock worth $156,000 after buying an additional 196 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in SkyWest by 1.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 28,728 shares of the transportation company’s stock worth $2,877,000 after buying an additional 300 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on SKYW. Raymond James reaffirmed an “outperform” rating and set a $130.00 price objective (up previously from $120.00) on shares of SkyWest in a report on Friday, January 31st. TD Cowen upped 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 set a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th.

SkyWest Stock Performance

SKYW stock opened at $96.45 on Tuesday. The business’s fifty day moving average is $108.06 and its 200-day moving average is $98.78. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The company has a market cap of $3.89 billion, a P/E ratio of 12.41 and a beta of 1.98. SkyWest, Inc. has a twelve month low of $64.30 and a twelve month high of $135.57.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share 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 period in the prior year, the company posted $0.42 EPS. Equities research analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Activity

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction dated 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 owns 175,067 shares in the company, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Greg Wooley sold 14,545 shares of the 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 transaction, the vice president now owns 68,737 shares of the company’s stock, 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. 2.00% of the stock is currently owned by company insiders.

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.