CenterBook Partners LP Has $1.61 Million Holdings in SkyWest, Inc. (NASDAQ:SKYW)

CenterBook Partners LP increased its position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 473.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 16,071 shares of the transportation company's stock after buying an additional 13,270 shares during the period. CenterBook Partners LP's holdings in SkyWest were worth $1,609,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKYW. Wealthfront Advisers LLC bought a new stake in shares of SkyWest during the 4th quarter worth $146,935,000. American Century Companies Inc. increased its stake in shares of SkyWest by 7.5% in the fourth quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company's stock worth $139,211,000 after purchasing an additional 97,108 shares during the period. Geode Capital Management LLC boosted its stake in SkyWest by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company's stock valued at $81,697,000 after purchasing an additional 6,542 shares during the period. Charles Schwab Investment Management Inc. raised its stake in SkyWest by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company's stock valued at $71,028,000 after purchasing an additional 26,561 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of SkyWest by 4.2% in the fourth quarter. Invesco Ltd. now owns 543,009 shares of the transportation company's stock valued at $54,371,000 after purchasing an additional 21,637 shares in the last quarter. Institutional investors own 81.30% of the company's stock.

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Insider Transactions at SkyWest

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of the company's 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 completion of the transaction, the chief financial officer now owns 175,067 shares of the company's stock, valued at $19,882,359.19. This 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 link. Also, VP Greg Wooley sold 14,545 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the completion of the transaction, the vice president now owns 68,737 shares of the company's stock, valued at approximately $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.

Wall Street Analysts Forecast Growth

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

SkyWest Stock Up 0.5 %

Shares of SKYW traded up $0.42 during midday trading on Tuesday, hitting $85.52. The stock had a trading volume of 234,647 shares, compared to its average volume of 480,394. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 11.01 and a beta of 1.83. SkyWest, Inc. has a twelve month low of $64.61 and a twelve month high of $135.57. The company has a 50 day simple moving average of $93.67 and a two-hundred day simple moving average of $100.87. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS 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 prior year, the company posted $0.42 earnings per share. On average, analysts anticipate that SkyWest, Inc. will post 9.01 EPS 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.