SkyWest, Inc. (NASDAQ:SKYW) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its position in SkyWest, Inc. (NASDAQ:SKYW) by 117.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 832 shares of the transportation company’s stock after purchasing an additional 449 shares during the quarter. Jones Financial Companies Lllp’s holdings in SkyWest were worth $83,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in SkyWest by 193.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 569 shares during the period. Private Trust Co. NA raised its position 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 purchasing an additional 300 shares during the period. Versor Investments LP raised its position in SkyWest by 73.8% in the fourth quarter. Versor Investments LP now owns 15,119 shares of the transportation company’s stock valued at $1,514,000 after purchasing an additional 6,419 shares during the period. Oregon Public Employees Retirement Fund raised its position in SkyWest by 1.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock valued at $951,000 after purchasing an additional 100 shares during the period. Finally, Illinois Municipal Retirement Fund raised its position in SkyWest by 2.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 22,374 shares of the transportation company’s stock valued at $2,240,000 after purchasing an additional 638 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Raymond James reissued an “outperform” rating and issued a $130.00 target price (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

SkyWest Stock Up 4.1 %

SkyWest stock opened at $87.33 on Monday. SkyWest, Inc. has a twelve month low of $64.30 and a twelve month high of $135.57. The stock’s fifty day simple moving average is $105.32 and its 200-day simple moving average is $99.55. 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 market capitalization of $3.52 billion, a P/E ratio of 11.24 and a beta of 2.00.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share 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 last year, the company earned $0.42 EPS. As a group, equities analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Insider Activity at SkyWest

In related news, 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 $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, VP Greg Wooley sold 14,545 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the transaction, the vice president now directly owns 68,737 shares in the company, valued at $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 corporate insiders.

About SkyWest

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.