Charles Schwab Investment Management Inc. Has $71.03 Million Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Charles Schwab Investment Management Inc. lifted its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 3.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 709,355 shares of the transportation company’s stock after acquiring an additional 26,561 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.76% of SkyWest worth $71,028,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new position in SkyWest during the 3rd quarter worth $226,000. Janney Montgomery Scott LLC lifted its holdings in SkyWest by 2.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,249 shares of the transportation company’s stock worth $1,722,000 after buying an additional 516 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in SkyWest by 9.1% during the 3rd quarter. Principal Financial Group Inc. now owns 216,574 shares of the transportation company’s stock worth $18,413,000 after buying an additional 18,047 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in SkyWest during the 3rd quarter worth $628,000. Finally, Assetmark Inc. lifted its holdings in SkyWest by 12.4% during the 3rd quarter. Assetmark Inc. now owns 19,324 shares of the transportation company’s stock worth $1,643,000 after buying an additional 2,138 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have issued reports on SKYW shares. 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. The Goldman Sachs Group reissued a “neutral” rating and issued a $119.00 price target on shares of SkyWest in a research note on Friday, November 15th.

SkyWest Price Performance

SKYW stock opened at $83.48 on Wednesday. The stock has a 50-day moving average price of $106.33 and a two-hundred day moving average price of $99.35. The stock has a market cap of $3.37 billion, a PE ratio of 10.74 and a beta of 2.00. 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 1 year low of $64.30 and a 1 year high of $135.57.

SkyWest (NASDAQ:SKYW) last released 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 quarter in the previous year, the firm posted $0.42 earnings per share. Equities analysts forecast 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 firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 175,067 shares in the company, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Greg Wooley sold 14,545 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the completion of the sale, the vice president now owns 68,737 shares of the company’s stock, valued at $7,267,563.01. This trade represents a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.50% of the stock is owned by corporate 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.