Bridgewater Associates LP Has $667,000 Position in SkyWest, Inc. (NASDAQ:SKYW)

Bridgewater Associates LP lessened its position in SkyWest, Inc. (NASDAQ:SKYW) by 57.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,663 shares of the transportation company’s stock after selling 8,838 shares during the quarter. Bridgewater Associates LP’s holdings in SkyWest were worth $667,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in SkyWest by 563.8% during the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after buying an additional 129,901 shares in the last quarter. Geode Capital Management LLC raised its holdings in SkyWest by 0.7% during the third quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock worth $81,697,000 after acquiring an additional 6,542 shares in the last quarter. Invst LLC raised its holdings in SkyWest by 39.1% during the third quarter. Invst LLC now owns 5,405 shares of the transportation company’s stock worth $460,000 after acquiring an additional 1,520 shares in the last quarter. Sanctuary Advisors LLC bought a new position in SkyWest in the third quarter valued at approximately $233,000. Finally, Wilmington Savings Fund Society FSB bought a new position in SkyWest in the third quarter valued at approximately $31,000. Institutional investors own 81.30% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the sale, the vice president now 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. Company insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SKYW. StockNews.com downgraded SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, April 12th. Raymond James cut their price target on shares of SkyWest from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group upgraded shares of SkyWest from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $119.00 to $117.00 in a research note on Tuesday, April 8th.

SkyWest Stock Down 0.4 %

SKYW opened at $85.38 on Friday. The stock’s fifty day simple moving average is $91.39 and its 200 day simple moving average is $100.78. SkyWest, Inc. has a 1-year low of $64.61 and a 1-year high of $135.57. The stock has a market cap of $3.47 billion, a PE ratio of 10.99 and a beta of 1.83. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the firm posted $0.42 earnings per share. As a group, research analysts expect 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.