Dynamic Technology Lab Private Ltd Raises Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Dynamic Technology Lab Private Ltd lifted its holdings in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 118.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,450 shares of the transportation company's stock after purchasing an additional 10,536 shares during the period. Dynamic Technology Lab Private Ltd's holdings in SkyWest were worth $1,948,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of SKYW. Wilmington Savings Fund Society FSB purchased a new stake in shares of SkyWest during the third quarter worth about $31,000. New Age Alpha Advisors LLC purchased a new stake in SkyWest during the 4th quarter valued at about $39,000. Headlands Technologies LLC acquired a new stake in SkyWest in the 4th quarter valued at about $45,000. Private Trust Co. NA boosted its holdings 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 purchasing an additional 300 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of SkyWest during the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 81.30% of the company's stock.

Analysts Set New Price Targets

SKYW has been the topic of a number of analyst reports. Raymond James reduced their price objective 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 cut shares of SkyWest from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group upgraded shares of SkyWest from a "neutral" rating to a "buy" rating and cut their price objective for the stock from $119.00 to $117.00 in a research report on Tuesday.

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Insider Activity at SkyWest

In related news, CFO Robert J. Simmons sold 6,000 shares of the firm's stock in a transaction dated 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Greg Wooley sold 14,545 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the sale, the vice president now owns 68,737 shares in the company, 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. 2.00% of the stock is owned by insiders.

SkyWest Trading Down 5.3 %

Shares of SkyWest stock traded down $4.78 during trading hours on Thursday, hitting $85.51. The company's stock had a trading volume of 213,272 shares, compared to its average volume of 398,202. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 10.98 and a beta of 1.83. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. SkyWest, Inc. has a twelve month low of $64.61 and a twelve month high of $135.57. The firm has a fifty day moving average of $95.66 and a 200-day moving average of $100.71.

SkyWest (NASDAQ:SKYW - Get Free Report) last announced its 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 net margin of 9.15% and a return on equity of 14.17%. During the same quarter last year, the firm earned $0.42 earnings per share. Research analysts forecast 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.