Hillsdale Investment Management Inc. Has $6.40 Million Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Hillsdale Investment Management Inc. decreased its position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 16.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,890 shares of the transportation company's stock after selling 12,760 shares during the quarter. Hillsdale Investment Management Inc. owned 0.16% of SkyWest worth $6,397,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of SKYW. Wilmington Savings Fund Society FSB acquired a new position in shares of SkyWest in the 3rd quarter valued at $31,000. Private Trust Co. NA increased its stake in SkyWest by 157.1% in the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company's stock valued at $49,000 after purchasing an additional 300 shares during the last quarter. Sound Income Strategies LLC acquired a new stake in shares of SkyWest during the fourth quarter worth about $50,000. Jones Financial Companies Lllp increased its holdings in shares of SkyWest by 117.2% in the 4th quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company's stock valued at $83,000 after acquiring an additional 449 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in SkyWest by 193.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company's stock valued at $87,000 after acquiring an additional 569 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Raymond James reiterated an "outperform" rating and issued a $130.00 price objective (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

Remove Ads

Insider Transactions at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 in the company, valued at approximately $7,267,563.01. The trade was a 17.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Robert J. Simmons sold 6,000 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the transaction, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at $19,882,359.19. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

SkyWest Stock Performance

Shares of SKYW stock traded down $0.84 on Wednesday, hitting $93.32. 310,542 shares of the stock traded hands, compared to its average volume of 377,432. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. SkyWest, Inc. has a 1-year low of $64.61 and a 1-year high of $135.57. The company's fifty day moving average is $102.77 and its 200 day moving average is $100.29. The company has a market capitalization of $3.76 billion, a PE ratio of 12.01 and a beta of 2.00.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share 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 period in the prior year, the business posted $0.42 earnings per share. On average, equities research analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

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.