Fox Run Management L.L.C. Purchases 8,205 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Fox Run Management L.L.C. boosted its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 62.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,346 shares of the transportation company's stock after acquiring an additional 8,205 shares during the quarter. SkyWest accounts for 0.4% of Fox Run Management L.L.C.'s holdings, making the stock its 10th largest position. Fox Run Management L.L.C. owned approximately 0.05% of SkyWest worth $2,137,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of SkyWest during the 3rd quarter worth about $31,000. Private Trust Co. NA raised its holdings 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 period. Sound Income Strategies LLC purchased a new position in SkyWest during the fourth quarter worth approximately $50,000. Jones Financial Companies Lllp grew its holdings in SkyWest by 117.2% in the fourth quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company's stock valued at $83,000 after purchasing an additional 449 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of SkyWest by 193.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company's stock valued at $87,000 after buying an additional 569 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the stock in a transaction dated 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 completion of the sale, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was 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 approximately $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. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Raymond James reiterated an "outperform" rating and set a $130.00 target price (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

SkyWest Price Performance

SkyWest stock traded down $1.07 during midday trading on Tuesday, reaching $94.52. The company had a trading volume of 116,667 shares, compared to its average volume of 376,959. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. SkyWest, Inc. has a 12-month low of $64.61 and a 12-month high of $135.57. The company has a market capitalization of $3.81 billion, a P/E ratio of 12.14 and a beta of 2.00. The firm's fifty day simple moving average is $103.07 and its 200-day simple moving average is $100.16.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, beating the consensus estimate 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. As a group, equities analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

About SkyWest

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.