New York State Teachers Retirement System Has $5.03 Million Stock Position in SkyWest, Inc. (NASDAQ:SKYW)

New York State Teachers Retirement System decreased its position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,273 shares of the transportation company's stock after selling 3,222 shares during the period. New York State Teachers Retirement System owned 0.12% of SkyWest worth $5,034,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in SkyWest by 0.7% during the third quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company's stock valued at $81,697,000 after purchasing an additional 6,542 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in SkyWest by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company's stock valued at $58,051,000 after buying an additional 76,007 shares in the last quarter. FMR LLC raised its holdings in SkyWest by 42.2% during the third quarter. FMR LLC now owns 484,147 shares of the transportation company's stock valued at $41,162,000 after buying an additional 143,661 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in 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 buying an additional 11,169 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings 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 buying an additional 18,047 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company's stock.

SkyWest Stock Performance

Shares of SkyWest stock traded down $4.36 during trading on Friday, reaching $96.65. The company's stock had a trading volume of 456,257 shares, compared to its average volume of 405,769. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. The business's fifty day moving average price is $108.58 and its 200-day moving average price is $97.35. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 12.44 and a beta of 1.98. SkyWest, Inc. has a one year low of $59.92 and a one year high of $135.57.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, topping 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 last year, the firm earned $0.42 EPS. As a group, equities research analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Analyst Ratings Changes

SKYW has been the topic of several recent research reports. The Goldman Sachs Group restated a "neutral" rating and set a $119.00 target price on shares of SkyWest in a report on Friday, November 15th. Raymond James restated an "outperform" rating and set a $130.00 target price (up from $120.00) on shares of SkyWest in a report on Friday, January 31st. Finally, TD Cowen raised their target price on SkyWest from $95.00 to $120.00 and gave the company a "buy" rating in a report on Tuesday, November 5th.

Insider Activity at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of the business's stock in a transaction dated 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 transaction, the vice president now directly owns 68,737 shares in the company, valued at $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of the business's stock in a transaction dated 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 in the company, valued at $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

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.