Harvest Fund Management Co. Ltd Increases Position in SkyWest, Inc. (NASDAQ:SKYW)

Harvest Fund Management Co. Ltd raised its position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 391.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,480 shares of the transportation company's stock after acquiring an additional 6,754 shares during the quarter. Harvest Fund Management Co. Ltd's holdings in SkyWest were worth $849,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SKYW. GSA Capital Partners LLP acquired a new position in shares of SkyWest in the 3rd quarter valued at about $371,000. Intech Investment Management LLC lifted its stake in SkyWest by 56.3% in the third quarter. Intech Investment Management LLC now owns 18,832 shares of the transportation company's stock valued at $1,601,000 after buying an additional 6,781 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of SkyWest by 5.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 52,163 shares of the transportation company's stock worth $4,435,000 after buying an additional 2,785 shares in the last quarter. Navellier & Associates Inc. acquired a new stake in shares of SkyWest during the 3rd quarter worth approximately $1,046,000. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of SkyWest by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company's stock valued at $58,051,000 after acquiring an additional 76,007 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

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SkyWest Stock Down 1.5 %

SkyWest stock traded down $1.43 during mid-day trading on Tuesday, reaching $94.16. The stock had a trading volume of 406,123 shares, compared to its average volume of 376,959. The stock's 50-day simple moving average is $103.07 and its 200-day simple moving average is $100.16. SkyWest, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $135.57. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. The firm has a market capitalization of $3.80 billion, a PE ratio of 12.12 and a beta of 2.00.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company earned $0.42 earnings per share. On average, sell-side analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Robert J. Simmons sold 6,000 shares of SkyWest 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 transaction, the chief financial officer now owns 175,067 shares of the company's stock, valued at $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Greg Wooley sold 14,545 shares of the stock in a transaction on 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 directly owns 68,737 shares of the company's stock, valued at $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Separately, Raymond James reissued an "outperform" rating and set a $130.00 target price (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st.

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.