EntryPoint Capital LLC Purchases New Shares in SkyWest, Inc. (NASDAQ:SKYW)

EntryPoint Capital LLC acquired a new position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,598 shares of the transportation company's stock, valued at approximately $360,000.

Several other large investors also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new position in SkyWest in the third quarter worth approximately $31,000. Private Trust Co. NA raised its holdings in 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 purchasing an additional 300 shares during the period. Sound Income Strategies LLC purchased a new position in SkyWest during the fourth quarter valued at $50,000. Jones Financial Companies Lllp grew its holdings in SkyWest by 117.2% during the fourth 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 position in SkyWest by 193.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company's stock worth $87,000 after buying an additional 569 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James reaffirmed an "outperform" rating and set a $130.00 price objective (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

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Insiders Place Their Bets

In other 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 value of $681,420.00. Following the sale, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,537,842.85. Following the completion of the sale, the vice president now owns 68,737 shares in the company, valued at $7,267,563.01. This represents a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

SkyWest Price Performance

Shares of SKYW traded down $1.39 during trading hours on Monday, reaching $87.37. 534,219 shares of the stock traded hands, compared to its average volume of 392,496. The company has a market cap of $3.55 billion, a P/E ratio of 11.24 and a beta of 2.00. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The company's 50-day moving average price is $101.23 and its two-hundred day moving average price is $100.71. SkyWest, Inc. has a 52-week low of $64.61 and a 52-week high of $135.57.

SkyWest (NASDAQ:SKYW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating the consensus estimate 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 in the prior year, the business earned $0.42 EPS. On average, analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current year.

About SkyWest

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.