Steward Partners Investment Advisory LLC Reduces Stake in SkyWest, Inc. (NASDAQ:SKYW)

Steward Partners Investment Advisory LLC lowered its position in SkyWest, Inc. (NASDAQ:SKYW) by 42.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 287 shares of the transportation company’s stock after selling 212 shares during the period. Steward Partners Investment Advisory LLC’s holdings in SkyWest were worth $29,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of SKYW. Geode Capital Management LLC increased its holdings in shares of SkyWest by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock valued at $81,697,000 after purchasing an additional 6,542 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in SkyWest by 12.5% during 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 buying an additional 76,007 shares during the period. FMR LLC increased its holdings in SkyWest by 42.2% in the third 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 in the last quarter. JPMorgan Chase & Co. raised its position 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 acquiring an additional 11,169 shares during the period. Finally, Principal Financial Group Inc. raised its position in shares of SkyWest by 4.6% in 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. Hedge funds and other institutional investors own 81.30% of the company’s stock.

SkyWest Stock Up 4.2 %

Shares of SKYW opened at $90.45 on Thursday. 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 12 month low of $64.61 and a 12 month high of $135.57. The stock’s 50 day moving average is $104.10 and its two-hundred day moving average is $99.64. The firm has a market cap of $3.65 billion, a P/E ratio of 11.64 and a beta of 2.00.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating the consensus estimate 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 last year, the company earned $0.42 EPS. Analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of SkyWest 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 directly 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 175,067 shares in the company, valued at $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 owned by corporate insiders.

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.