Royce & Associates LP Has $1.32 Million Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Royce & Associates LP raised its stake in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 123.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,571 shares of the transportation company's stock after acquiring an additional 8,587 shares during the period. Royce & Associates LP's holdings in SkyWest were worth $1,324,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SKYW. SG Americas Securities LLC purchased a new stake in shares of SkyWest in the first quarter valued at about $279,000. Sei Investments Co. raised its holdings in shares of SkyWest by 291.4% during the first quarter. Sei Investments Co. now owns 54,533 shares of the transportation company's stock worth $3,767,000 after acquiring an additional 40,599 shares in the last quarter. Russell Investments Group Ltd. grew its stake in SkyWest by 40.6% in the 1st quarter. Russell Investments Group Ltd. now owns 58,888 shares of the transportation company's stock valued at $4,068,000 after buying an additional 17,003 shares during the last quarter. ProShare Advisors LLC increased its stake in SkyWest by 7.4% during the first quarter. ProShare Advisors LLC now owns 8,180 shares of the transportation company's stock valued at $565,000 after acquiring an additional 562 shares during the period. Finally, State Board of Administration of Florida Retirement System grew its position in SkyWest by 41.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,758 shares of the transportation company's stock valued at $1,227,000 after acquiring an additional 5,200 shares during the period. 81.30% of the stock is owned by hedge funds and other institutional investors.

SkyWest Stock Down 0.1 %

Shares of NASDAQ:SKYW traded down $0.16 on Wednesday, reaching $109.73. The company had a trading volume of 71,849 shares, compared to its average volume of 403,496. SkyWest, Inc. has a 52-week low of $45.42 and a 52-week high of $116.47. The firm's 50 day simple moving average is $93.08 and its 200-day simple moving average is $83.13. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. The firm has a market capitalization of $4.43 billion, a PE ratio of 18.63 and a beta of 1.93.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.92 by $0.24. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The firm had revenue of $912.79 million for the quarter, compared to analysts' expectations of $896.21 million. During the same quarter last year, the company earned $0.55 EPS. The firm's revenue for the quarter was up 19.1% compared to the same quarter last year. As a group, analysts expect that SkyWest, Inc. will post 7.16 earnings per share for the current fiscal year.

Insider Buying and Selling at SkyWest

In other SkyWest news, CAO Eric Woodward sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total transaction of $446,120.00. Following the transaction, the chief accounting officer now owns 44,426 shares of the company's stock, valued at $4,954,831.78. This trade represents a 8.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Wade J. Steel sold 19,079 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total value of $1,993,373.92. Following the completion of the sale, the insider now owns 97,654 shares of the company's stock, valued at $10,202,889.92. This trade represents a 16.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,467 shares of company stock worth $10,082,596. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SKYW shares. TD Cowen increased their price objective on SkyWest from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. The Goldman Sachs Group restated a "neutral" rating and issued a $119.00 target price on shares of SkyWest in a research report on Friday, November 15th. Finally, Raymond James raised their price objective on SkyWest from $100.00 to $114.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $105.75.

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.