Inspire Advisors LLC Buys Shares of 5,610 SkyWest, Inc. (NASDAQ:SKYW)

Inspire Advisors LLC bought a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 5,610 shares of the transportation company's stock, valued at approximately $562,000.

Several other institutional investors have also recently added to or reduced their stakes in SKYW. Wealth Enhancement Advisory Services LLC bought a new stake in SkyWest during the third quarter valued at $226,000. Janney Montgomery Scott LLC increased its stake in SkyWest by 2.6% during the third quarter. Janney Montgomery Scott LLC now owns 20,249 shares of the transportation company's stock valued at $1,722,000 after purchasing an additional 516 shares during the last quarter. Principal Financial Group Inc. increased its stake in SkyWest by 9.1% during the third quarter. Principal Financial Group Inc. now owns 216,574 shares of the transportation company's stock valued at $18,413,000 after purchasing an additional 18,047 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in SkyWest during the third quarter valued at $628,000. Finally, Assetmark Inc. increased its stake in SkyWest by 12.4% during the third quarter. Assetmark Inc. now owns 19,324 shares of the transportation company's stock valued at $1,643,000 after purchasing an additional 2,138 shares during the last quarter. Institutional investors own 81.30% of the company's stock.

Insider Buying and Selling

In related news, VP Greg Wooley sold 14,545 shares of the company's 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 of the company's stock, valued at $7,267,563.01. This represents a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the company'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 sale, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at $19,882,359.19. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.50% of the company's stock.

SkyWest Stock Up 2.5 %

SkyWest stock opened at $83.48 on Wednesday. The company has a 50-day simple moving average of $106.33 and a 200-day simple moving average of $99.35. The firm has a market capitalization of $3.37 billion, a P/E ratio of 10.74 and a beta of 2.00. 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 one year low of $64.30 and a one year high of $135.57.

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SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings data 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 period in the prior year, the company earned $0.42 earnings per share. As a group, equities analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on SKYW shares. Raymond James restated an "outperform" rating and set a $130.00 price target (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st. The Goldman Sachs Group restated a "neutral" rating and set a $119.00 price target on shares of SkyWest in a research report on Friday, November 15th.

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.

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