Trexquant Investment LP Decreases Position in SkyWest, Inc. (NASDAQ:SKYW)

Trexquant Investment LP cut its position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 17.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 91,603 shares of the transportation company's stock after selling 18,735 shares during the quarter. Trexquant Investment LP owned about 0.23% of SkyWest worth $9,172,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SKYW. Louisiana State Employees Retirement System boosted its position in SkyWest by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company's stock valued at $1,953,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in SkyWest by 1.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company's stock worth $951,000 after purchasing an additional 100 shares during the period. Highland Capital Management LLC grew its stake in SkyWest by 6.1% during the fourth quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company's stock worth $279,000 after purchasing an additional 160 shares during the period. 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 acquiring an additional 196 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in SkyWest by 2.6% during the fourth quarter. Handelsbanken Fonder AB now owns 7,800 shares of the transportation company's stock worth $781,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 81.30% of the company's stock.

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Insider Transactions at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert J. Simmons sold 6,000 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the completion of the transaction, the chief financial officer now 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. Company insiders own 2.00% of the company's stock.

SkyWest Stock Down 1.8 %

NASDAQ SKYW traded down $1.48 on Monday, reaching $78.75. The company had a trading volume of 215,436 shares, compared to its average volume of 394,788. 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 stock has a market capitalization of $3.20 billion, a P/E ratio of 10.09 and a beta of 1.83. The company's fifty day moving average is $98.92 and its 200 day moving average is $100.90. SkyWest, Inc. has a 52-week low of $64.61 and a 52-week high of $135.57.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, beating 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 quarter last year, the company earned $0.42 EPS. Sell-side analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SKYW. Raymond James cut their price target on SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. StockNews.com lowered shares of SkyWest from a "buy" rating to a "hold" rating in a report on Thursday.

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.