CWA Asset Management Group LLC Buys Shares of 7,392 SkyWest, Inc. (NASDAQ:SKYW)

CWA Asset Management Group LLC purchased a new position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,392 shares of the transportation company's stock, valued at approximately $628,000.

Several other hedge funds have also made changes to their positions in SKYW. NBC Securities Inc. raised its stake in shares of SkyWest by 1,368.0% in the 3rd quarter. NBC Securities Inc. now owns 367 shares of the transportation company's stock worth $31,000 after buying an additional 342 shares in the last quarter. Kings Path Partners LLC acquired a new position in shares of SkyWest in the 2nd quarter worth $42,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of SkyWest in the 2nd quarter worth $54,000. CWM LLC grew its holdings in shares of SkyWest by 57.3% in the 2nd quarter. CWM LLC now owns 766 shares of the transportation company's stock worth $63,000 after acquiring an additional 279 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of SkyWest by 45.9% in the 2nd quarter. GAMMA Investing LLC now owns 928 shares of the transportation company's stock worth $76,000 after acquiring an additional 292 shares during the last quarter. Institutional investors own 81.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SKYW shares. Raymond James boosted their price objective on SkyWest from $100.00 to $114.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. TD Cowen raised their price target on shares of SkyWest from $95.00 to $120.00 and gave the company a "buy" rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $101.33.

SkyWest Stock Down 1.7 %

Shares of NASDAQ:SKYW traded down $1.89 during mid-day trading on Tuesday, hitting $112.27. 402,571 shares of the company traded hands, compared to its average volume of 407,672. The stock has a 50-day moving average price of $88.80 and a two-hundred day moving average price of $81.58. The stock has a market cap of $4.53 billion, a P/E ratio of 19.16 and a beta of 1.93. SkyWest, Inc. has a 12-month low of $42.11 and a 12-month high of $116.47. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 0.95.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $1.92 by $0.24. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The company had revenue of $912.79 million for the quarter, compared to the consensus estimate of $896.21 million. During the same period in the previous year, the firm earned $0.55 EPS. The firm's quarterly revenue was up 19.1% on a year-over-year basis. On average, equities research analysts forecast that SkyWest, Inc. will post 7.16 earnings per share for the current year.

Insiders Place Their Bets

In other SkyWest news, CEO Russell A. Childs sold 27,903 shares of the firm's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total value of $3,110,347.41. Following the completion of the transaction, the chief executive officer now directly owns 349,548 shares of the company's stock, valued at $38,964,115.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other SkyWest news, CAO Eric Woodward sold 4,000 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $111.53, for a total value of $446,120.00. Following the completion of the sale, the chief accounting officer now directly owns 44,426 shares of the company's stock, valued at $4,954,831.78. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Russell A. Childs sold 27,903 shares of the company's stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total transaction of $3,110,347.41. Following the transaction, the chief executive officer now directly owns 349,548 shares of the company's stock, valued at approximately $38,964,115.56. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 92,467 shares of company stock worth $10,082,596 over the last 90 days. Corporate insiders own 2.00% of the company's stock.

SkyWest Company 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.