SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Quest Partners LLC

Quest Partners LLC reduced its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 40.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,874 shares of the transportation company's stock after selling 4,609 shares during the period. Quest Partners LLC's holdings in SkyWest were worth $584,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royce & Associates LP grew its position in shares of SkyWest by 123.0% in the third quarter. Royce & Associates LP now owns 15,571 shares of the transportation company's stock valued at $1,324,000 after purchasing an additional 8,587 shares during the period. GSA Capital Partners LLP purchased a new stake in SkyWest in the 3rd quarter valued at about $371,000. Assetmark Inc. increased its stake in shares of SkyWest by 12.4% during the 3rd quarter. Assetmark Inc. now owns 19,324 shares of the transportation company's stock valued at $1,643,000 after acquiring an additional 2,138 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of SkyWest during the 3rd quarter valued at about $628,000. Finally, Summit Global Investments purchased a new position in shares of SkyWest during the 3rd quarter worth about $539,000. Hedge funds and other institutional investors own 81.30% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Transactions at SkyWest

In other SkyWest news, Director Ronald J. Mittelstaedt sold 25,000 shares of SkyWest stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $112.06, for a total transaction of $2,801,500.00. Following the sale, the director now directly owns 11,283 shares in the company, valued at $1,264,372.98. The trade was a 68.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell A. Childs sold 27,903 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total value of $3,110,347.41. Following the transaction, the chief executive officer now owns 349,548 shares of the company's stock, valued at approximately $38,964,115.56. This trade represents a 7.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,467 shares of company stock valued at $10,082,596. Corporate insiders own 2.00% of the company's stock.

SkyWest Stock Up 2.1 %

NASDAQ SKYW traded up $2.34 during trading hours on Friday, hitting $111.90. The company had a trading volume of 256,016 shares, compared to its average volume of 385,885. The firm's 50 day moving average is $95.13 and its 200 day moving average is $83.74. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 19.13 and a beta of 1.93. SkyWest, Inc. has a fifty-two week low of $45.42 and a fifty-two week high of $116.47. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76.

SkyWest (NASDAQ:SKYW - Get Free Report) last announced its earnings results on Thursday, October 31st. The transportation company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The business had revenue of $912.79 million for the quarter, compared to the consensus estimate of $896.21 million. During the same period last year, the business posted $0.55 EPS. The company's revenue was up 19.1% on a year-over-year basis. Sell-side analysts anticipate that SkyWest, Inc. will post 7.16 earnings per share for the current fiscal year.

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.