O Shaughnessy Asset Management LLC Raises Stake in SkyWest, Inc. (NASDAQ:SKYW)

O Shaughnessy Asset Management LLC increased its position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 29.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 48,217 shares of the transportation company's stock after acquiring an additional 10,985 shares during the quarter. O Shaughnessy Asset Management LLC owned about 0.12% of SkyWest worth $4,828,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wealthfront Advisers LLC bought a new position in SkyWest during the fourth quarter worth about $146,935,000. American Century Companies Inc. lifted its stake in shares of SkyWest by 7.5% during the 4th quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company's stock valued at $139,211,000 after buying an additional 97,108 shares in the last quarter. Geode Capital Management LLC boosted its holdings in SkyWest by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company's stock worth $81,697,000 after buying an additional 6,542 shares during the period. Charles Schwab Investment Management Inc. grew its stake in SkyWest by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company's stock valued at $71,028,000 after buying an additional 26,561 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in SkyWest by 57.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 525,722 shares of the transportation company's stock valued at $52,641,000 after acquiring an additional 192,543 shares during the period. 81.30% of the stock is currently owned by institutional investors.

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Insiders Place Their Bets

In other news, VP Greg Wooley sold 14,545 shares of the stock in a transaction 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 of the company's stock, valued at $7,267,563.01. This represents a 17.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of the firm's stock in a transaction 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 owns 175,067 shares in the company, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

SkyWest Price Performance

NASDAQ SKYW traded down $0.59 on Monday, hitting $79.64. The stock had a trading volume of 689,542 shares, compared to its average volume of 396,623. The firm has a 50-day moving average of $98.24 and a 200-day moving average of $100.89. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. SkyWest, Inc. has a 52-week low of $64.61 and a 52-week high of $135.57. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 10.25 and a beta of 1.83.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (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 in the prior year, the firm earned $0.42 EPS. Equities analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. StockNews.com lowered SkyWest from a "buy" rating to a "hold" rating in a report on Thursday. Raymond James cut their target price on SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd.

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.