Dark Forest Capital Management LP Acquires Shares of 4,549 SkyWest, Inc. (NASDAQ:SKYW)

Dark Forest Capital Management LP bought a new position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,549 shares of the transportation company's stock, valued at approximately $455,000.

Other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC acquired a new stake in shares of SkyWest during the 4th quarter worth approximately $146,935,000. Norges Bank purchased a new stake in SkyWest during the fourth quarter worth $23,851,000. Arrowstreet Capital Limited Partnership grew its position in SkyWest by 57.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 525,722 shares of the transportation company's stock valued at $52,641,000 after buying an additional 192,543 shares during the period. Barclays PLC increased its holdings in SkyWest by 563.8% in the third quarter. Barclays PLC now owns 152,940 shares of the transportation company's stock valued at $13,002,000 after buying an additional 129,901 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in shares of SkyWest by 47.5% in the fourth quarter. Renaissance Technologies LLC now owns 399,324 shares of the transportation company's stock worth $39,984,000 after acquiring an additional 128,524 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at SkyWest

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the stock in a transaction dated 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 completion of the sale, the vice president now owns 68,737 shares in the company, valued at approximately $7,267,563.01. This represents a 17.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $19,882,359.19. This trade represents a 3.31 % 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 insiders.

SkyWest Stock Down 1.3 %

SKYW opened at $87.92 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a twelve month low of $64.61 and a twelve month high of $135.57. The company has a market cap of $3.57 billion, a PE ratio of 11.32 and a beta of 1.83. The company has a 50-day moving average price of $89.16 and a 200 day moving average price of $100.81.

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

Analyst Ratings Changes

SKYW has been the topic of a number of analyst reports. Raymond James dropped their target price on SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group raised SkyWest from a "neutral" rating to a "buy" rating and dropped their price objective for the company from $119.00 to $117.00 in a report on Tuesday, April 8th. Finally, StockNews.com downgraded SkyWest from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th.

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.

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