BI Asset Management Fondsmaeglerselskab A S Takes Position in SkyWest, Inc. (NASDAQ:SKYW)

BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,992 shares of the transportation company's stock, valued at approximately $2,002,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its holdings in SkyWest by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company's stock worth $1,953,000 after acquiring an additional 100 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of SkyWest by 1.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company's stock valued at $951,000 after buying an additional 100 shares during the period. Summit Investment Advisors Inc. increased its holdings in SkyWest by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 4,145 shares of the transportation company's stock worth $415,000 after purchasing an additional 131 shares in the last quarter. Highland Capital Management LLC grew its holdings in shares of SkyWest by 6.1% during the fourth quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company's stock worth $279,000 after buying an additional 160 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of SkyWest by 14.4% in the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company's stock valued at $156,000 after purchasing an additional 196 shares during the last quarter. Institutional investors own 81.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

SkyWest Trading Down 1.3 %

NASDAQ SKYW traded down $1.18 on Friday, reaching $87.92. The company had a trading volume of 517,125 shares, compared to its average volume of 396,869. SkyWest, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $135.57. 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 firm has a market cap of $3.57 billion, a price-to-earnings ratio of 11.32 and a beta of 1.83. The business has a 50 day moving average of $89.16 and a two-hundred day moving average of $100.72.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its earnings results on Thursday, April 24th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.38. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. The business had revenue of $948.46 million for the quarter, compared to analyst estimates of $946.13 million. Analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Buying and Selling at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction that occurred 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 sale, the vice president now owns 68,737 shares of the company's stock, valued at approximately $7,267,563.01. The trade was a 17.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the completion of the sale, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

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.