Y Intercept Hong Kong Ltd Has $966,000 Stake in SkyWest, Inc. (NASDAQ:SKYW)

Y Intercept Hong Kong Ltd raised its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 28.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 9,645 shares of the transportation company’s stock after buying an additional 2,155 shares during the period. Y Intercept Hong Kong Ltd’s holdings in SkyWest were worth $966,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of 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 acquiring an additional 143,661 shares during the last quarter. Barclays PLC grew its stake in SkyWest by 563.8% in the third quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock valued at $13,002,000 after purchasing an additional 129,901 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of SkyWest by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock worth $58,051,000 after purchasing an additional 76,007 shares during the last quarter. Navellier & Associates Inc. raised its stake in shares of SkyWest by 431.1% during the 4th quarter. Navellier & Associates Inc. now owns 65,338 shares of the transportation company’s stock worth $6,542,000 after purchasing an additional 53,035 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of SkyWest by 50.8% in the 3rd quarter. Citigroup Inc. now owns 61,565 shares of the transportation company’s stock valued at $5,234,000 after buying an additional 20,752 shares during the last quarter. 81.30% of the stock is owned by institutional investors.

SkyWest Price Performance

NASDAQ:SKYW opened at $97.94 on Friday. The company has a market cap of $3.95 billion, a P/E ratio of 12.60 and a beta of 1.98. The firm’s fifty day moving average price is $108.32 and its two-hundred day moving average price is $98.07. SkyWest, Inc. has a one year low of $61.09 and a one 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.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating 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 period last year, the company posted $0.42 EPS. Equities analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Insiders Place Their Bets

In related news, VP Greg Wooley sold 14,545 shares of the 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. This represents a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction on Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the completion of the transaction, the chief financial officer now directly 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 disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

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

SkyWest Company 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.