Commonwealth Equity Services LLC Purchases 4,824 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Commonwealth Equity Services LLC boosted its position in SkyWest, Inc. (NASDAQ:SKYW) by 60.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,766 shares of the transportation company’s stock after acquiring an additional 4,824 shares during the period. Commonwealth Equity Services LLC’s holdings in SkyWest were worth $1,278,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of SkyWest by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock worth $30,396,000 after purchasing an additional 11,169 shares during the period. Barclays PLC grew its stake in shares of SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after acquiring an additional 129,901 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of SkyWest by 104.0% in the third quarter. BNP Paribas Financial Markets now owns 22,549 shares of the transportation company’s stock valued at $1,917,000 after purchasing an additional 11,494 shares during the last quarter. Savant Capital LLC bought a new position in shares of SkyWest during the fourth quarter valued at about $242,000. Finally, Tidal Investments LLC purchased a new position in SkyWest during the third quarter worth about $648,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Trading Down 2.1 %

Shares of SkyWest stock opened at $88.76 on Monday. The firm has a market cap of $3.58 billion, a PE ratio of 11.42 and a beta of 2.00. SkyWest, Inc. has a 1 year low of $64.61 and a 1 year high of $135.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The stock has a fifty day moving average price of $101.66 and a 200-day moving average price of $100.63.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data 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 net margin of 9.15% and a return on equity of 14.17%. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Equities research analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

Analyst Ratings Changes

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

Insider Activity

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction on 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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 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 sale, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

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.