Legato Capital Management LLC Purchases 1,071 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Legato Capital Management LLC increased its position in SkyWest, Inc. (NASDAQ:SKYW) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 14,676 shares of the transportation company’s stock after acquiring an additional 1,071 shares during the quarter. Legato Capital Management LLC’s holdings in SkyWest were worth $1,470,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of SKYW. CWM LLC boosted its position in SkyWest by 259.8% in the third quarter. CWM LLC now owns 2,756 shares of the transportation company’s stock worth $234,000 after purchasing an additional 1,990 shares during the last quarter. Creative Planning lifted its stake in shares of SkyWest by 1.3% in the 3rd quarter. Creative Planning now owns 54,324 shares of the transportation company’s stock worth $4,619,000 after purchasing an additional 690 shares during the period. NBC Securities Inc. boosted its holdings in shares of SkyWest by 1,368.0% in the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock worth $31,000 after buying an additional 342 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in SkyWest by 658.3% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,073 shares of the transportation company’s stock valued at $431,000 after buying an additional 4,404 shares during the period. Finally, Sequoia Financial Advisors LLC increased its holdings in SkyWest by 20.2% during the third quarter. Sequoia Financial Advisors LLC now owns 4,558 shares of the transportation company’s stock valued at $388,000 after buying an additional 767 shares during the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group reiterated a “neutral” rating and set a $119.00 price target on shares of SkyWest in a research note on Friday, November 15th. Raymond James reaffirmed an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of SkyWest in a report on Friday, January 31st. Finally, TD Cowen boosted their price target on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, November 5th.

SkyWest Price Performance

NASDAQ SKYW opened at $110.82 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 12 month low of $57.15 and a 12 month high of $135.57. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 14.26 and a beta of 1.98. The company’s 50 day moving average is $109.18 and its two-hundred day moving average is $95.97.

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

Insider Buying and Selling at SkyWest

In other news, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the sale, the chief financial officer now owns 175,067 shares in the company, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

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.