Knights of Columbus Asset Advisors LLC Trims Stake in SkyWest, Inc. (NASDAQ:SKYW)

Knights of Columbus Asset Advisors LLC decreased its holdings in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 29.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,749 shares of the transportation company's stock after selling 11,494 shares during the quarter. Knights of Columbus Asset Advisors LLC owned 0.07% of SkyWest worth $2,779,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Pitcairn Co. acquired a new position in SkyWest during the 3rd quarter worth about $535,000. JPMorgan Chase & Co. raised its holdings in shares of SkyWest by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company's stock valued at $30,396,000 after purchasing an additional 11,169 shares during the period. Barclays PLC increased its position in SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company's stock valued at $13,002,000 after buying an additional 129,901 shares in the last quarter. BNP Paribas Financial Markets grew its position in SkyWest by 104.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,549 shares of the transportation company's stock valued at $1,917,000 after purchasing an additional 11,494 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings 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 worth $58,051,000 after acquiring an additional 76,007 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors.

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Insider Activity at SkyWest

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

SkyWest Trading Down 2.9 %

Shares of SkyWest stock traded down $2.67 during trading on Thursday, reaching $90.65. The company's stock had a trading volume of 359,378 shares, compared to its average volume of 377,397. The firm's 50-day moving average is $102.44 and its two-hundred day moving average is $100.24. SkyWest, Inc. has a 52-week low of $64.61 and a 52-week high of $135.57. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 11.67 and a beta of 2.00. 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 (NASDAQ:SKYW - Get Free Report) last released 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 return on equity of 14.17% and a net margin of 9.15%. During the same period in the previous year, the company posted $0.42 earnings per share. On average, sell-side analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.