3,707 Shares in SkyWest, Inc. (NASDAQ:SKYW) Bought by Cibc World Markets Corp

Cibc World Markets Corp purchased a new position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 3,707 shares of the transportation company's stock, valued at approximately $371,000.

Several other large investors have also made changes to their positions in SKYW. Wilmington Savings Fund Society FSB bought a new stake in SkyWest during the third quarter worth $31,000. Private Trust Co. NA lifted its position 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 buying an additional 300 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in SkyWest in the fourth quarter valued at about $50,000. Jones Financial Companies Lllp boosted its stake in SkyWest by 117.2% in the fourth quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company's stock valued at $83,000 after buying an additional 449 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew 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 valued at $87,000 after acquiring an additional 569 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company's stock.

Insiders Place Their Bets

In related news, CFO Robert J. Simmons sold 6,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Greg Wooley sold 14,545 shares of the firm'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 transaction, 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. Insiders own 2.00% of the company's stock.

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Analysts Set New Price Targets

Separately, Raymond James restated an "outperform" rating and issued a $130.00 price target (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st.

SkyWest Price Performance

Shares of NASDAQ SKYW traded down $2.67 during mid-day trading on Thursday, hitting $90.65. 359,378 shares of the stock traded hands, compared to its average volume of 377,397. SkyWest, Inc. has a twelve month low of $64.61 and a twelve month high of $135.57. The firm has a 50 day simple moving average of $102.44 and a two-hundred day simple moving average of $100.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The company has a market cap of $3.66 billion, a PE ratio of 11.67 and a beta of 2.00.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its quarterly 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 return on equity of 14.17% and a net margin of 9.15%. During the same quarter in the previous year, the company earned $0.42 EPS. As a group, equities research analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current fiscal 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.