Meeder Asset Management Inc. Buys Shares of 4,164 SkyWest, Inc. (NASDAQ:SKYW)

Meeder Asset Management Inc. acquired a new position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,164 shares of the transportation company's stock, valued at approximately $417,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Citigroup Inc. raised its stake in SkyWest by 50.8% in the third quarter. Citigroup Inc. now owns 61,565 shares of the transportation company's stock worth $5,234,000 after buying an additional 20,752 shares in the last quarter. FMR LLC grew its holdings in shares of SkyWest by 42.2% during the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company's stock worth $41,162,000 after acquiring an additional 143,661 shares during the period. Quantbot Technologies LP bought a new position in shares of SkyWest in the 3rd quarter worth approximately $551,000. BNP Paribas Financial Markets lifted its stake in shares of 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, Bridgewater Associates LP boosted its position in shares of SkyWest by 78.2% during the third quarter. Bridgewater Associates LP now owns 15,501 shares of the transportation company's stock valued at $1,318,000 after purchasing an additional 6,802 shares in the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at SkyWest

In other 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 value of $1,537,842.85. Following the transaction, the vice president now owns 68,737 shares in the company, 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 SEC, which is accessible through this link. Also, CFO Robert J. Simmons sold 6,000 shares of the firm'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 transaction of $681,420.00. Following the sale, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

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SkyWest Stock Down 6.9 %

Shares of NASDAQ SKYW traded down $6.31 on Thursday, reaching $84.52. 518,476 shares of the company's stock traded hands, compared to its average volume of 393,558. The business's 50 day simple moving average is $100.19 and its two-hundred day simple moving average is $100.71. SkyWest, Inc. has a 12 month low of $64.61 and a 12 month high of $135.57. The company has a market cap of $3.43 billion, a price-to-earnings ratio of 10.88 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 posted its quarterly earnings data 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 quarter last year, the firm posted $0.42 earnings per share. As a group, equities research analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Raymond James decreased their price objective on SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday.

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.