SkyWest, Inc. (NASDAQ:SKYW) Holdings Raised by Mariner LLC

Mariner LLC grew its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 65.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,539 shares of the transportation company's stock after acquiring an additional 4,166 shares during the period. Mariner LLC's holdings in SkyWest were worth $1,055,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of SKYW. Wilmington Savings Fund Society FSB bought a new position in shares of SkyWest during the 3rd quarter valued at $31,000. New Age Alpha Advisors LLC bought a new position in SkyWest during the fourth quarter valued at about $39,000. Headlands Technologies LLC acquired a new stake in shares of SkyWest in the fourth quarter worth about $45,000. Private Trust Co. NA boosted its stake in shares of SkyWest by 157.1% during the 4th quarter. Private Trust Co. NA now owns 491 shares of the transportation company's stock worth $49,000 after acquiring an additional 300 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of SkyWest during the 4th quarter valued at about $50,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SKYW shares. Raymond James dropped their price target on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. StockNews.com lowered shares of SkyWest from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, The Goldman Sachs Group upgraded SkyWest from a "neutral" rating to a "buy" rating and dropped their price objective for the stock from $119.00 to $117.00 in a research note on Tuesday, April 8th.

SkyWest Trading Down 1.3 %

SkyWest stock opened at $87.92 on Friday. The business has a 50 day moving average price of $89.16 and a two-hundred day moving average price of $100.81. 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, Inc. has a 12 month low of $64.61 and a 12 month high of $135.57. The stock has a market cap of $3.57 billion, a price-to-earnings ratio of 11.32 and a beta of 1.83.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.04 by $0.38. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. The business had revenue of $948.46 million for the quarter, compared to analysts' expectations of $946.13 million. As a group, equities analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Buying and Selling at SkyWest

In other news, CFO Robert J. Simmons sold 6,000 shares of the business'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 sale, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Greg Wooley sold 14,545 shares of the 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 sale, the vice president now owns 68,737 shares of the company's stock, valued at $7,267,563.01. This trade represents a 17.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

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.

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