Royce & Associates LP Buys 4,852 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Royce & Associates LP lifted its holdings in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 31.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,423 shares of the transportation company's stock after buying an additional 4,852 shares during the period. Royce & Associates LP owned about 0.05% of SkyWest worth $2,045,000 as of its most recent SEC filing.

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

SkyWest Price Performance

NASDAQ SKYW traded down $1.43 during trading on Tuesday, reaching $94.16. 406,111 shares of the company traded hands, compared to its average volume of 376,959. SkyWest, Inc. has a 1-year low of $64.61 and a 1-year high of $135.57. 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 stock's 50 day moving average price is $103.07 and its two-hundred day moving average price is $100.16. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 12.12 and a beta of 2.00.

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SkyWest (NASDAQ:SKYW - Get Free Report) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same period in the previous year, the company earned $0.42 earnings per share. As a group, analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Buying and Selling at SkyWest

In related news, CFO Robert J. Simmons sold 6,000 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $113.57, for a total value of $681,420.00. Following the completion of the sale, the chief financial officer now 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction on 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 approximately $7,267,563.01. This represents a 17.46 % 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.

Analyst Ratings Changes

Separately, Raymond James reissued 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 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.