SkyWest, Inc. (NASDAQ:SKYW) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 379,563 shares of the transportation company's stock after buying an additional 22,053 shares during the quarter. JPMorgan Chase & Co. owned about 0.94% of SkyWest worth $38,006,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SKYW. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in SkyWest by 127.2% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,518 shares of the transportation company's stock valued at $2,155,000 after purchasing an additional 12,049 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of SkyWest during the 4th quarter valued at $360,000. Prudential Financial Inc. lifted its stake in shares of SkyWest by 7.2% during the 4th quarter. Prudential Financial Inc. now owns 355,366 shares of the transportation company's stock valued at $35,583,000 after buying an additional 23,800 shares in the last quarter. LPL Financial LLC increased its stake in SkyWest by 50.5% in the 4th quarter. LPL Financial LLC now owns 36,640 shares of the transportation company's stock worth $3,669,000 after buying an additional 12,300 shares in the last quarter. Finally, Fox Run Management L.L.C. increased its stake in SkyWest by 62.4% in the 4th quarter. Fox Run Management L.L.C. now owns 21,346 shares of the transportation company's stock worth $2,137,000 after buying an additional 8,205 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors.

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SkyWest Trading Up 1.9 %

Shares of NASDAQ:SKYW traded up $1.64 during trading hours on Friday, hitting $86.31. 362,496 shares of the company's stock traded hands, compared to its average volume of 399,556. The firm has a market capitalization of $3.51 billion, a P/E ratio of 11.11 and a beta of 1.83. The business has a fifty day moving average price of $94.34 and a 200-day moving average price of $100.74. 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 current ratio of 0.78 and a quick ratio of 0.68.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its quarterly earnings results 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 quarter last year, the company posted $0.42 earnings per share. Equities analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on SKYW shares. StockNews.com downgraded SkyWest from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Raymond James dropped their price objective on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group raised SkyWest from a "neutral" rating to a "buy" rating and cut their target price for the company from $119.00 to $117.00 in a research report on Tuesday.

Insider Transactions at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 of the company's stock, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction that occurred 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 directly owns 175,067 shares of the company's stock, valued at $19,882,359.19. This 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 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.