Teacher Retirement System of Texas Sells 22,050 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Teacher Retirement System of Texas decreased its holdings in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 19.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 91,170 shares of the transportation company's stock after selling 22,050 shares during the quarter. Teacher Retirement System of Texas owned 0.23% of SkyWest worth $9,129,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of SkyWest during the third quarter worth $31,000. Private Trust Co. NA raised its holdings in SkyWest by 157.1% during the 4th quarter. Private Trust Co. NA now owns 491 shares of the transportation company's stock worth $49,000 after buying an additional 300 shares during the period. Sound Income Strategies LLC purchased a new stake in SkyWest during the fourth quarter valued at about $50,000. Jones Financial Companies Lllp boosted its holdings in shares of SkyWest by 117.2% in the fourth quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company's stock worth $83,000 after buying an additional 449 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of SkyWest by 193.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company's stock worth $87,000 after acquiring an additional 569 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company's stock.

Insider Transactions at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the transaction, the vice president now directly owns 68,737 shares in the company, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert J. Simmons sold 6,000 shares of the business'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 transaction, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, Raymond James restated an "outperform" rating and issued a $130.00 price target (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

SkyWest Stock Down 2.9 %

Shares of SKYW traded down $2.67 during trading hours on Thursday, reaching $90.65. The company's stock had a trading volume of 359,378 shares, compared to its average volume of 377,397. 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 $3.66 billion, a price-to-earnings ratio of 11.67 and a beta of 2.00. The company has a 50 day moving average of $102.44 and a two-hundred day moving average of $100.24. SkyWest, Inc. has a 1-year low of $64.61 and a 1-year high of $135.57.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same period in the prior year, the firm earned $0.42 EPS. As a group, research analysts predict that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

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.