SkyWest, Inc. (NASDAQ:SKYW) Position Increased by LPL Financial LLC

LPL Financial LLC lifted its position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 50.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,640 shares of the transportation company's stock after acquiring an additional 12,300 shares during the quarter. LPL Financial LLC owned 0.09% of SkyWest worth $3,669,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities analysts have weighed in on SKYW shares. StockNews.com downgraded SkyWest from a "buy" rating to a "hold" rating in a research report on Saturday. The Goldman Sachs Group upgraded shares of SkyWest from a "neutral" rating to a "buy" rating and lowered their price target for the stock from $119.00 to $117.00 in a report on Tuesday, April 8th. Finally, Raymond James lowered their target price on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd.

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Insider Activity at SkyWest

In other news, CFO Robert J. Simmons sold 6,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief financial officer now directly owns 175,067 shares in the company, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Greg Wooley sold 14,545 shares of the firm'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 value of $1,537,842.85. Following the sale, the vice president now owns 68,737 shares of the company's stock, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

SkyWest Trading Down 0.4 %

SKYW stock traded down $0.35 on Wednesday, hitting $85.14. 34,662 shares of the company were exchanged, compared to its average volume of 399,135. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 11.00 and a beta of 1.83. The business's fifty day moving average is $93.06 and its two-hundred day moving average is $100.76. SkyWest, Inc. has a twelve month low of $64.61 and a twelve month high of $135.57. 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 (NASDAQ:SKYW - Get Free Report) last issued its 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 return on equity of 14.17% and a net margin of 9.15%. During the same period in the previous year, the company earned $0.42 EPS. As a group, research analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current year.

About SkyWest

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.