SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by US Bancorp DE

US Bancorp DE lowered its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 7,606 shares of the transportation company’s stock after selling 325 shares during the quarter. US Bancorp DE’s holdings in SkyWest were worth $762,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SKYW. Geode Capital Management LLC raised its position in SkyWest by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock worth $81,697,000 after buying an additional 6,542 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in SkyWest by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock valued at $58,051,000 after purchasing an additional 76,007 shares during the last quarter. FMR LLC raised its stake in shares of SkyWest by 42.2% during the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock valued at $41,162,000 after buying an additional 143,661 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of SkyWest by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock worth $30,396,000 after buying an additional 11,169 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in SkyWest by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 226,601 shares of the transportation company’s stock worth $22,690,000 after acquiring an additional 10,027 shares during the period. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Stock Down 7.5 %

SKYW stock opened at $81.46 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average of $106.66 and a two-hundred day moving average of $99.30. SkyWest, Inc. has a 12 month low of $64.30 and a 12 month high of $135.57. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 10.48 and a beta of 2.00.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping 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 firm posted $0.42 earnings per share. As a group, analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling at SkyWest

In other SkyWest news, 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 sale, the vice president now owns 68,737 shares in the company, valued at $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $113.57, for a total value of $681,420.00. Following the transaction, the chief financial officer now owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. 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.