Los Angeles Capital Management LLC Grows Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Los Angeles Capital Management LLC raised its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 8.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,468 shares of the transportation company’s stock after purchasing an additional 433 shares during the period. Los Angeles Capital Management LLC’s holdings in SkyWest were worth $548,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in SkyWest in the third quarter worth about $31,000. Sound Income Strategies LLC purchased a new position in SkyWest during the fourth quarter valued at approximately $50,000. USA Financial Formulas lifted its holdings in SkyWest by 63.7% during the fourth quarter. USA Financial Formulas now owns 1,180 shares of the transportation company’s stock worth $118,000 after buying an additional 459 shares during the period. GAMMA Investing LLC increased its holdings 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 during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of SkyWest during the 3rd quarter worth $158,000. Institutional investors own 81.30% of the company’s stock.

Insider Activity at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of the firm’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 value of $1,537,842.85. Following the transaction, the vice president now owns 68,737 shares in the company, valued at $7,267,563.01. This trade represents a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 sale, the chief financial officer now owns 175,067 shares of the company’s stock, valued at $19,882,359.19. The trade was 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 owned by company insiders.

SkyWest Stock Performance

Shares of SKYW stock opened at $96.45 on Tuesday. 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 business has a fifty day moving average of $108.06 and a 200 day moving average of $98.78. The firm has a market capitalization of $3.89 billion, a price-to-earnings ratio of 12.41 and a beta of 1.98. SkyWest, Inc. has a 1 year low of $64.30 and a 1 year high of $135.57.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping the consensus estimate 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 posted $0.42 EPS. As a group, research analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. TD Cowen boosted their price objective on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group reissued a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a research report on Friday, November 15th. Finally, Raymond James reissued an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of SkyWest in a report on Friday, January 31st.

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.