Prudential Financial Inc. Has $35.58 Million Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Prudential Financial Inc. grew its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 7.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 355,366 shares of the transportation company’s stock after acquiring an additional 23,800 shares during the period. Prudential Financial Inc. owned 0.88% of SkyWest worth $35,583,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in SkyWest in the third quarter worth $31,000. Private Trust Co. NA boosted its stake in shares of SkyWest by 157.1% during the 4th quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock worth $49,000 after acquiring an additional 300 shares in the last quarter. Sound Income Strategies LLC bought a new stake in shares of SkyWest during the 4th quarter worth about $50,000. Jones Financial Companies Lllp increased its holdings in shares of 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 during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction dated 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 transaction, the vice president now directly owns 68,737 shares in the company, 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 legal filing with the SEC, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer now owns 175,067 shares of the company’s stock, valued at $19,882,359.19. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

SkyWest Trading Down 1.5 %

Shares of NASDAQ:SKYW opened at $94.16 on Wednesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. The stock’s 50-day moving average is $102.77 and its 200-day moving average is $100.29. The company has a market cap of $3.80 billion, a P/E ratio of 12.12 and a beta of 2.00. SkyWest, Inc. has a 52-week low of $64.61 and a 52-week high of $135.57.

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

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.