Jump Financial LLC Sells 7,446 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Jump Financial LLC decreased its holdings in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 33.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,621 shares of the transportation company's stock after selling 7,446 shares during the period. Jump Financial LLC's holdings in SkyWest were worth $1,464,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB purchased a new stake in SkyWest during the 3rd quarter worth about $31,000. New Age Alpha Advisors LLC bought a new stake in shares of SkyWest during the fourth quarter valued at about $39,000. Headlands Technologies LLC purchased a new stake in shares of SkyWest in the fourth quarter worth about $45,000. Private Trust Co. NA boosted its position in shares of 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 acquiring an additional 300 shares during the period. Finally, Sound Income Strategies LLC purchased a new position in SkyWest during the fourth quarter valued at approximately $50,000. 81.30% of the stock is owned by institutional investors.

Insider Buying and Selling at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of the stock in a transaction that occurred on 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 owns 68,737 shares of the company's stock, valued at approximately $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 can be accessed through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the firm's 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 completion of the transaction, the chief financial officer now owns 175,067 shares in the company, valued at $19,882,359.19. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

SKYW has been the subject of several analyst reports. The Goldman Sachs Group raised shares of SkyWest from a "neutral" rating to a "buy" rating and cut their price target for the company from $119.00 to $117.00 in a report on Tuesday, April 8th. StockNews.com cut SkyWest from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, Raymond James dropped their price target on SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd.

SkyWest Price Performance

Shares of NASDAQ SKYW traded down $1.50 during mid-day trading on Friday, reaching $87.61. 154,930 shares of the company were exchanged, compared to its average volume of 396,279. The stock has a market capitalization of $3.56 billion, a PE ratio of 11.27 and a beta of 1.83. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57. The company's 50 day moving average price is $89.49 and its 200 day moving average price is $100.71.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.38. The firm had revenue of $948.46 million during the quarter, compared to analysts' expectations of $946.13 million. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. Sell-side analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal 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.