SkyWest, Inc. (NASDAQ:SKYW) is Fox Run Management L.L.C.’s 10th Largest Position

Fox Run Management L.L.C. increased its stake in SkyWest, Inc. (NASDAQ:SKYW) by 62.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,346 shares of the transportation company’s stock after purchasing an additional 8,205 shares during the quarter. SkyWest comprises about 0.4% of Fox Run Management L.L.C.’s holdings, making the stock its 10th largest position. Fox Run Management L.L.C. owned 0.05% of SkyWest worth $2,137,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in SKYW. Wilmington Savings Fund Society FSB bought a new stake in SkyWest during the third quarter valued at $31,000. Private Trust Co. NA lifted its stake in shares of SkyWest by 157.1% in the 4th quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 300 shares during the last quarter. Sound Income Strategies LLC purchased a new position in SkyWest during the 4th quarter valued at about $50,000. Jones Financial Companies Lllp increased its holdings 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 purchasing an additional 449 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in SkyWest by 193.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company’s stock valued at $87,000 after purchasing an additional 569 shares during the period. Institutional investors own 81.30% of the company’s stock.

SkyWest Stock Up 0.8 %

SKYW stock opened at $91.12 on Friday. SkyWest, Inc. has a twelve month low of $64.61 and a twelve month high of $135.57. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The firm has a market cap of $3.67 billion, a PE ratio of 11.73 and a beta of 2.00. The business has a 50 day moving average of $103.29 and a 200 day moving average of $99.67.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm posted $0.42 earnings per share. On average, research analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insider Buying and Selling at SkyWest

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the 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 sale, the vice president now directly owns 68,737 shares in the company, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.