ExodusPoint Capital Management LP Buys New Holdings in SkyWest, Inc. (NASDAQ:SKYW)

ExodusPoint Capital Management LP purchased a new position in shares of SkyWest, Inc. (NASDAQ:SKYW) during the fourth quarter, HoldingsChannel reports. The firm purchased 63,134 shares of the transportation company’s stock, valued at approximately $6,322,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its position in SkyWest by 13.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 59,322 shares of the transportation company’s stock valued at $5,940,000 after purchasing an additional 7,159 shares during the period. Headlands Technologies LLC acquired a new position in shares of SkyWest during the fourth quarter valued at about $45,000. Meeder Asset Management Inc. bought a new stake in shares of SkyWest during the fourth quarter worth about $417,000. O Shaughnessy Asset Management LLC raised its holdings in shares of SkyWest by 29.5% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 48,217 shares of the transportation company’s stock worth $4,828,000 after acquiring an additional 10,985 shares during the last quarter. Finally, Physician Wealth Advisors Inc. bought a new position in SkyWest in the 4th quarter valued at about $170,000. Institutional investors own 81.30% of the company’s stock.

Insider Buying and Selling at SkyWest

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

Analyst Ratings Changes

Several analysts have recently commented on the company. Raymond James lowered their price objective on SkyWest from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday. StockNews.com lowered SkyWest from a “buy” rating to a “hold” rating in a research report on Thursday.

SkyWest Trading Down 5.1 %

Shares of SKYW stock opened at $80.23 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. The company has a market capitalization of $3.26 billion, a price-to-earnings ratio of 10.33 and a beta of 1.83. SkyWest, Inc. has a 52-week low of $64.61 and a 52-week high of $135.57. The company has a 50-day simple moving average of $98.92 and a two-hundred day simple moving average of $100.75.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same period last year, the firm earned $0.42 earnings per share. Research analysts anticipate 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.