Los Angeles Capital Management LLC Sells 100 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Los Angeles Capital Management LLC reduced its position in SkyWest, Inc. (NASDAQ:SKYW) by 1.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,035 shares of the transportation company’s stock after selling 100 shares during the period. Los Angeles Capital Management LLC’s holdings in SkyWest were worth $428,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. NBC Securities Inc. lifted its position in shares of SkyWest by 1,368.0% in the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 342 shares in the last quarter. Kings Path Partners LLC purchased a new position in shares of SkyWest during the second quarter valued at approximately $42,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of SkyWest during the second quarter valued at approximately $54,000. CWM LLC boosted its holdings in shares of SkyWest by 57.3% in the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after purchasing an additional 279 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of SkyWest by 45.9% in the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 292 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SKYW has been the subject of a number of analyst reports. TD Cowen upped their target price on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $119.00 target price on shares of SkyWest in a research report on Friday. Finally, Raymond James lifted their price objective on SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

Insider Activity

In other SkyWest news, CFO Robert J. Simmons sold 16,485 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.02, for a total value of $1,731,254.70. Following the completion of the transaction, the chief financial officer now owns 113,539 shares in the company, valued at $11,923,865.78. This represents a 12.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Wade J. Steel sold 19,079 shares of the company’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $104.48, for a total transaction of $1,993,373.92. Following the completion of the transaction, the insider now owns 97,654 shares of the company’s stock, valued at $10,202,889.92. This represents a 16.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,467 shares of company stock valued at $10,082,596. 2.00% of the stock is currently owned by company insiders.

SkyWest Trading Up 0.5 %

SKYW stock opened at $111.33 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. SkyWest, Inc. has a 12-month low of $44.71 and a 12-month high of $116.47. The stock has a market cap of $4.49 billion, a price-to-earnings ratio of 19.03 and a beta of 1.93. The business’s 50-day moving average is $91.70 and its 200 day moving average is $82.58.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.24. The business had revenue of $912.79 million for the quarter, compared to analysts’ expectations of $896.21 million. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. On average, sell-side analysts anticipate that SkyWest, Inc. will post 7.16 EPS for the current fiscal year.

About SkyWest

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.