Cookson Peirce & Co. Inc. raised its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 56.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,104 shares of the transportation company's stock after buying an additional 4,001 shares during the period. Cookson Peirce & Co. Inc.'s holdings in SkyWest were worth $1,112,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in SKYW. FMR LLC raised its stake in SkyWest by 42.2% during the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company's stock valued at $41,162,000 after buying an additional 143,661 shares during the last quarter. Barclays PLC raised its stake in SkyWest by 563.8% during the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company's stock valued at $13,002,000 after buying an additional 129,901 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in SkyWest by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company's stock valued at $58,051,000 after buying an additional 76,007 shares during the last quarter. Navellier & Associates Inc. raised its stake in SkyWest by 431.1% during the 4th quarter. Navellier & Associates Inc. now owns 65,338 shares of the transportation company's stock valued at $6,542,000 after buying an additional 53,035 shares during the last quarter. Finally, Citigroup Inc. raised its stake in SkyWest by 50.8% during the 3rd quarter. Citigroup Inc. now owns 61,565 shares of the transportation company's stock valued at $5,234,000 after buying an additional 20,752 shares during the last quarter. 81.30% of the stock is currently owned by hedge funds and other institutional investors.
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 transaction of $1,537,842.85. Following the completion of the transaction, the vice president now owns 68,737 shares of the company's stock, valued at $7,267,563.01. This represents a 17.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the transaction, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
SKYW has been the subject of a number of research reports. The Goldman Sachs Group reiterated a "neutral" rating and set a $119.00 target price on shares of SkyWest in a research note on Friday, November 15th. Raymond James restated an "outperform" rating and issued a $130.00 price objective (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st.
View Our Latest Research Report on SKYW
SkyWest Stock Performance
Shares of NASDAQ:SKYW traded down $1.07 during midday trading on Friday, hitting $88.07. The company had a trading volume of 645,433 shares, compared to its average volume of 431,714. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 11.33 and a beta of 2.00. SkyWest, Inc. has a 12-month low of $64.30 and a 12-month high of $135.57. The company has a fifty day moving average of $107.05 and a two-hundred day moving average of $99.08.
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 period last year, the firm posted $0.42 earnings per share. On average, equities research analysts expect that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.
SkyWest Profile
(
Free Report)
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.
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