Cookson Peirce & Co. Inc. Has $1.11 Million Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Cookson Peirce & Co. Inc. increased its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 56.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 11,104 shares of the transportation company’s stock after acquiring an additional 4,001 shares during the period. Cookson Peirce & Co. Inc.’s holdings in SkyWest were worth $1,112,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SKYW. International Assets Investment Management LLC lifted its position in shares of SkyWest by 8,402.9% during the 3rd quarter. International Assets Investment Management LLC now owns 2,891 shares of the transportation company’s stock worth $246,000 after buying an additional 2,857 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of SkyWest during the 3rd quarter worth approximately $226,000. Janney Montgomery Scott LLC lifted its position in shares of SkyWest by 2.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 20,249 shares of the transportation company’s stock worth $1,722,000 after buying an additional 516 shares during the period. Hanseatic Management Services Inc. lifted its position in shares of SkyWest by 2.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 12,443 shares of the transportation company’s stock worth $1,058,000 after buying an additional 316 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of SkyWest by 9.1% during the 3rd quarter. Principal Financial Group Inc. now owns 216,574 shares of the transportation company’s stock worth $18,413,000 after buying an additional 18,047 shares during the period. Institutional investors own 81.30% of the company’s stock.

SkyWest Stock Up 1.9 %

NASDAQ SKYW opened at $92.91 on Thursday. The stock has a fifty day moving average of $107.61 and a 200-day moving average of $98.87. The stock has a market capitalization of $3.75 billion, a P/E ratio of 11.96 and a beta of 1.98. SkyWest, Inc. has a 52 week low of $64.30 and a 52 week high of $135.57. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78.

SkyWest (NASDAQ:SKYW) last released its 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 return on equity of 14.17% and a net margin of 9.15%. During the same period in the previous year, the company posted $0.42 earnings per share. On average, equities research analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Activity

In related news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction 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 completion of 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of SkyWest 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 directly owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SKYW. 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 report on Friday, January 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a research report on Friday, November 15th.

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.