Handelsbanken Fonder AB Reduces Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Handelsbanken Fonder AB lowered its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 54.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,300 shares of the transportation company’s stock after selling 7,400 shares during the period. Handelsbanken Fonder AB’s holdings in SkyWest were worth $343,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ziegler Capital Management LLC raised its stake in shares of SkyWest by 873.2% during the fourth quarter. Ziegler Capital Management LLC now owns 183,480 shares of the transportation company’s stock valued at $7,396,000 after purchasing an additional 164,627 shares during the period. Aptus Capital Advisors LLC purchased a new stake in shares of SkyWest during the fourth quarter valued at approximately $522,000. Kennedy Capital Management Inc. increased its stake in shares of SkyWest by 8.5% in the fourth quarter. Kennedy Capital Management Inc. now owns 279,144 shares of the transportation company’s stock worth $11,252,000 after buying an additional 21,799 shares during the last quarter. Victory Capital Management Inc. increased its stake in shares of SkyWest by 15.1% in the fourth quarter. Victory Capital Management Inc. now owns 568,808 shares of the transportation company’s stock worth $22,929,000 after buying an additional 74,567 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of SkyWest by 20,634.0% in the fourth quarter. Captrust Financial Advisors now owns 10,367 shares of the transportation company’s stock worth $418,000 after buying an additional 10,317 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.

A number of brokerages recently issued reports on SKYW. The Goldman Sachs Group lifted their price target on shares of SkyWest from $51.00 to $70.00 and gave the stock a “buy” rating in a research note on Tuesday, March 16th. Raymond James lifted their price target on shares of SkyWest from $56.00 to $66.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, April 27th. Zacks Investment Research lowered shares of SkyWest from a “hold” rating to a “strong sell” rating and set a $43.00 price target for the company. in a research note on Tuesday, April 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research note on Monday, March 1st.

In other news, CAO Eric Woodward sold 3,000 shares of the business’s stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of $60.37, for a total transaction of $181,110.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Henry J. Eyring sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 23rd. The shares were sold at an average price of $60.16, for a total transaction of $601,600.00. Following the transaction, the director now directly owns 32,852 shares of the company’s stock, valued at approximately $1,976,376.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,272 shares of company stock valued at $4,295,078. Corporate insiders own 2.70% of the company’s stock.

SKYW stock opened at $49.60 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.14 and a quick ratio of 1.03. SkyWest, Inc. has a 1-year low of $22.40 and a 1-year high of $61.15. The firm has a fifty day moving average price of $51.95 and a two-hundred day moving average price of $46.01. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 22.86 and a beta of 2.10.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, April 29th. The transportation company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.18). SkyWest had a net margin of 4.84% and a return on equity of 5.10%.

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.

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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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