Three Seasons Wealth LLC Invests $449,000 in SkyWest, Inc. (NASDAQ:SKYW)

Three Seasons Wealth LLC acquired a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,487 shares of the transportation company's stock, valued at approximately $449,000.

A number of other institutional investors have also modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in shares of SkyWest by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company's stock valued at $1,953,000 after buying an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of SkyWest by 1.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company's stock valued at $951,000 after buying an additional 100 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of SkyWest by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 4,145 shares of the transportation company's stock valued at $415,000 after purchasing an additional 131 shares in the last quarter. Highland Capital Management LLC increased its stake in shares of SkyWest by 6.1% in the 4th quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company's stock valued at $279,000 after purchasing an additional 160 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of SkyWest by 14.4% in the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company's stock valued at $156,000 after purchasing an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on SKYW shares. StockNews.com lowered SkyWest from a "buy" rating to a "hold" rating in a research note on Saturday, April 12th. Raymond James cut their price target on SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Finally, The Goldman Sachs Group upgraded SkyWest from a "neutral" rating to a "buy" rating and cut their price target for the company from $119.00 to $117.00 in a research note on Tuesday, April 8th.

Insider Buying and Selling

In other news, VP Greg Wooley sold 14,545 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the transaction, the vice president now directly owns 68,737 shares in the company, valued at $7,267,563.01. The trade was a 17.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $113.57, for a total value of $681,420.00. Following the transaction, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

SkyWest Price Performance

SKYW stock traded down $0.13 during trading on Monday, hitting $87.79. The stock had a trading volume of 359,030 shares, compared to its average volume of 394,969. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. SkyWest, Inc. has a twelve month low of $64.61 and a twelve month high of $135.57. The stock has a market capitalization of $3.57 billion, a P/E ratio of 11.30 and a beta of 1.83. The company's 50-day moving average price is $89.16 and its two-hundred day moving average price is $100.90.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.04 by $0.38. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. The company had revenue of $948.46 million for the quarter, compared to analysts' expectations of $946.13 million. During the same period in the previous year, the firm posted $1.45 EPS. SkyWest's revenue was up 18.0% compared to the same quarter last year. 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.