Oberweis Asset Management Inc. Acquires 41,500 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Oberweis Asset Management Inc. raised its holdings in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 14.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 319,150 shares of the transportation company's stock after acquiring an additional 41,500 shares during the quarter. SkyWest comprises approximately 1.5% of Oberweis Asset Management Inc.'s holdings, making the stock its 5th largest position. Oberweis Asset Management Inc. owned about 0.79% of SkyWest worth $31,956,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SKYW. Voya Investment Management LLC lifted its holdings in SkyWest by 2.5% in the 4th quarter. Voya Investment Management LLC now owns 21,500 shares of the transportation company's stock worth $2,153,000 after purchasing an additional 534 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of SkyWest by 12.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,139 shares of the transportation company's stock worth $3,018,000 after buying an additional 3,308 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in shares of SkyWest during the 4th quarter worth $455,000. Harvest Investment Services LLC grew its position in shares of SkyWest by 97.1% in the fourth quarter. Harvest Investment Services LLC now owns 52,056 shares of the transportation company's stock valued at $5,212,000 after purchasing an additional 25,646 shares during the last quarter. Finally, Hsbc Holdings PLC grew its holdings in SkyWest by 10.3% in the 4th quarter. Hsbc Holdings PLC now owns 19,770 shares of the transportation company's stock valued at $1,995,000 after buying an additional 1,851 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors.

SkyWest Trading Up 1.3 %

NASDAQ SKYW traded up $1.12 during trading on Tuesday, reaching $88.91. 117,344 shares of the stock traded hands, compared to its average volume of 393,890. The stock's 50-day moving average price is $88.90 and its 200 day moving average price is $100.87. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The firm has a market cap of $3.61 billion, a price-to-earnings ratio of 11.46 and a beta of 1.83. SkyWest, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $135.57.

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 for the quarter, beating the consensus estimate of $2.04 by $0.38. The business had revenue of $948.46 million for the quarter, compared to analysts' expectations of $946.13 million. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. SkyWest's revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.45 EPS. Analysts predict that SkyWest, Inc. will post 9.01 EPS for the current year.

Analysts Set New Price Targets

SKYW has been the topic of a number of recent research reports. The Goldman Sachs Group raised SkyWest from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $119.00 to $117.00 in a research report on Tuesday, April 8th. Raymond James cut their price objective on SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Finally, StockNews.com cut SkyWest from a "buy" rating to a "hold" rating in a report on Saturday, April 12th.

Insider Buying and Selling

In other news, VP Greg Wooley sold 14,545 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 of the company's stock, valued at approximately $7,267,563.01. This represents a 17.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the company's stock in a transaction on Monday, February 10th. The stock was 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 in the company, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

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.