ExodusPoint Capital Management LP Takes Position in SkyWest, Inc. (NASDAQ:SKYW)

ExodusPoint Capital Management LP bought a new stake in SkyWest, Inc. (NASDAQ:SKYW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 63,134 shares of the transportation company's stock, valued at approximately $6,322,000. ExodusPoint Capital Management LP owned 0.16% of SkyWest as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new position in SkyWest in the 3rd quarter valued at approximately $31,000. New Age Alpha Advisors LLC purchased a new stake in shares of SkyWest during the fourth quarter valued at $39,000. Headlands Technologies LLC bought a new stake in SkyWest in the 4th quarter worth about $45,000. Private Trust Co. NA increased its position in SkyWest by 157.1% during the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company's stock valued at $49,000 after acquiring an additional 300 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of SkyWest during the 4th quarter valued at about $50,000. 81.30% of the stock is currently owned by institutional investors.

SkyWest Price Performance

Shares of SKYW stock traded down $5.59 during trading hours on Thursday, hitting $84.70. The stock had a trading volume of 156,813 shares, compared to its average volume of 397,987. 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 stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 10.88 and a beta of 1.83. SkyWest, Inc. has a one year low of $64.61 and a one year high of $135.57. The stock's 50-day moving average price is $95.66 and its two-hundred day moving average price is $100.71.

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SkyWest (NASDAQ:SKYW - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating 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 in the previous year, the business posted $0.42 EPS. Equities analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Buying and Selling

In other news, CFO Robert J. Simmons sold 6,000 shares of the firm's stock in a transaction 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 transaction, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Greg Wooley sold 14,545 shares of the company'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 completion of the sale, the vice president now directly 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. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SKYW shares. StockNews.com downgraded shares of SkyWest from a "buy" rating to a "hold" rating in a research report on Thursday, April 3rd. Raymond James lowered 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. Finally, The Goldman Sachs Group raised SkyWest from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $119.00 to $117.00 in a report on Tuesday.

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.