Smartleaf Asset Management LLC Increases Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Smartleaf Asset Management LLC lifted its position in SkyWest, Inc. (NASDAQ:SKYW) by 193.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 863 shares of the transportation company’s stock after purchasing an additional 569 shares during the quarter. Smartleaf Asset Management LLC’s holdings in SkyWest were worth $87,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new position in shares of SkyWest in the third quarter worth about $31,000. Private Trust Co. NA lifted its holdings in SkyWest by 157.1% in the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 300 shares during the period. Sound Income Strategies LLC acquired a new position in SkyWest in the fourth quarter valued at approximately $50,000. USA Financial Formulas lifted its holdings in SkyWest by 63.7% in the fourth quarter. USA Financial Formulas now owns 1,180 shares of the transportation company’s stock valued at $118,000 after acquiring an additional 459 shares during the period. Finally, GAMMA Investing LLC lifted its holdings 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 acquiring an additional 196 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

SkyWest Stock Down 1.2 %

SkyWest stock opened at $88.07 on Friday. The stock has a market capitalization of $3.55 billion, a PE ratio of 11.33 and a beta of 2.00. SkyWest, Inc. has a 12 month low of $64.30 and a 12 month high of $135.57. The business has a 50 day simple moving average of $107.05 and a 200-day simple moving average of $99.08. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data 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 period in the previous year, the firm earned $0.42 earnings per share. On average, analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insider Activity

In related news, CFO Robert J. Simmons sold 6,000 shares of the business’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 sale, the chief financial officer now directly owns 175,067 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 68,737 shares of the company’s stock, valued at $7,267,563.01. The trade was 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.

Wall Street Analyst Weigh In

SKYW has been the subject of a number of analyst reports. Raymond James reissued an “outperform” rating and issued a $130.00 price target (up from $120.00) on shares of SkyWest in a report on Friday, January 31st. The Goldman Sachs Group reissued a “neutral” rating and issued a $119.00 price target on shares of SkyWest in a report on Friday, November 15th.

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.