SkyWest, Inc. (NASDAQ:SKYW) Shares Purchased by Sterling Capital Management LLC

Sterling Capital Management LLC grew its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 11.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 10,748 shares of the transportation company’s stock after purchasing an additional 1,138 shares during the quarter. Sterling Capital Management LLC’s holdings in SkyWest were worth $1,076,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in SkyWest during the 3rd quarter worth $31,000. New Age Alpha Advisors LLC bought a new position in SkyWest in the 4th quarter valued at about $39,000. Headlands Technologies LLC acquired a new position in SkyWest during the 4th quarter valued at about $45,000. 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 worth $49,000 after acquiring an additional 300 shares during the period. Finally, Sound Income Strategies LLC acquired a new position in shares of SkyWest during the fourth quarter valued at approximately $50,000. Institutional investors own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Raymond James decreased their price target on SkyWest from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, April 2nd. The Goldman Sachs Group raised shares of SkyWest from a “neutral” rating to a “buy” rating and cut their price target for the company from $119.00 to $117.00 in a report on Tuesday, April 8th. Finally, StockNews.com downgraded shares of SkyWest from a “buy” rating to a “hold” rating in a report on Saturday.

Insider Transactions at SkyWest

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the transaction, the chief financial officer now owns 175,067 shares of the company’s stock, valued at $19,882,359.19. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, 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 completion of the sale, the vice president now directly owns 68,737 shares of the company’s stock, valued at $7,267,563.01. This trade represents a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

SkyWest Trading Up 0.4 %

Shares of NASDAQ SKYW opened at $85.48 on Wednesday. The business has a fifty day simple moving average of $93.06 and a 200-day simple moving average of $100.76. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 11.00 and a beta of 1.83. SkyWest, Inc. has a 12 month low of $64.61 and a 12 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.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping 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 period in the prior year, the company earned $0.42 EPS. Sell-side analysts predict that SkyWest, Inc. will post 9.01 EPS for the current year.

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.