Wealthstar Advisors LLC Purchases New Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Wealthstar Advisors LLC purchased a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,912 shares of the transportation company's stock, valued at approximately $1,193,000.

A number of other hedge funds also recently bought and sold shares of the company. NBC Securities Inc. lifted its stake in shares of SkyWest by 1,368.0% in the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company's stock valued at $31,000 after buying an additional 342 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of SkyWest in the third quarter valued at about $31,000. Sound Income Strategies LLC bought a new stake in shares of SkyWest in the fourth quarter valued at about $50,000. GAMMA Investing LLC lifted its stake in shares of SkyWest by 47.1% in the third quarter. GAMMA Investing LLC now owns 1,365 shares of the transportation company's stock valued at $116,000 after buying an additional 437 shares during the period. Finally, USA Financial Formulas lifted its stake in shares of SkyWest by 63.7% in the fourth quarter. USA Financial Formulas now owns 1,180 shares of the transportation company's stock valued at $118,000 after buying an additional 459 shares during the period. 81.30% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SKYW. Raymond James reiterated an "outperform" rating and issued a $130.00 target price (up previously from $120.00) on shares of SkyWest in a research note on Friday, January 31st. TD Cowen raised their price target on shares of SkyWest from $95.00 to $120.00 and gave the stock a "buy" rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $119.00 price target on shares of SkyWest in a research note on Friday, November 15th.

SkyWest Price Performance

SKYW traded down $2.03 during midday trading on Thursday, reaching $108.79. 431,132 shares of the company's stock were exchanged, compared to its average volume of 393,618. The firm has a market capitalization of $4.39 billion, a price-to-earnings ratio of 14.00 and a beta of 1.98. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a one year low of $57.62 and a one year high of $135.57. The business has a 50-day simple moving average of $109.13 and a two-hundred day simple moving average of $96.08.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings data 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 quarter last year, the business earned $0.42 earnings per share. As a group, research analysts predict that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Transactions at SkyWest

In other news, CFO Robert J. Simmons sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were 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 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.00% of the company's stock.

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.