Sei Investments Co. Cuts Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Sei Investments Co. lessened its position in SkyWest, Inc. (NASDAQ:SKYW) by 5.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 44,924 shares of the transportation company’s stock after selling 2,519 shares during the quarter. Sei Investments Co. owned about 0.11% of SkyWest worth $4,498,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SKYW. Wilmington Savings Fund Society FSB purchased a new position in SkyWest in the 3rd quarter valued at $31,000. Private Trust Co. NA lifted its stake in shares of SkyWest by 157.1% in the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock worth $49,000 after buying an additional 300 shares in the last quarter. Sound Income Strategies LLC acquired a new position in SkyWest during the fourth quarter worth about $50,000. Jones Financial Companies Lllp grew its stake in SkyWest by 117.2% during the 4th quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 449 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in SkyWest by 193.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 569 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Price Performance

Shares of NASDAQ:SKYW opened at $90.83 on Thursday. SkyWest, Inc. has a 12 month low of $64.61 and a 12 month high of $135.57. The firm has a market capitalization of $3.69 billion, a P/E ratio of 11.69 and a beta of 2.00. 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 company’s fifty day moving average price is $100.19 and its 200 day moving average price is $100.71.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results 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 net margin of 9.15% and a return on equity of 14.17%. During the same period in the prior year, the business posted $0.42 earnings per share. As a group, sell-side analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered their price objective on SkyWest from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday.

Insider Transactions at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the completion of the sale, the chief financial officer now 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. Company 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.