Ifrah Financial Services Inc. Has $282,000 Stake in SkyWest, Inc. (NASDAQ:SKYW)

Ifrah Financial Services Inc. decreased its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 6.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,818 shares of the transportation company’s stock after selling 191 shares during the quarter. Ifrah Financial Services Inc.’s holdings in SkyWest were worth $282,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC increased its holdings in SkyWest by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock valued at $81,697,000 after buying an additional 6,542 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in SkyWest by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock valued at $58,051,000 after buying an additional 76,007 shares during the period. FMR LLC increased its holdings in SkyWest by 42.2% in the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock valued at $41,162,000 after buying an additional 143,661 shares during the period. JPMorgan Chase & Co. increased its holdings in SkyWest by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock valued at $30,396,000 after buying an additional 11,169 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in SkyWest by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 226,601 shares of the transportation company’s stock valued at $22,690,000 after buying an additional 10,027 shares during the period. 81.30% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on SKYW shares. Raymond James reissued an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of SkyWest in a report on Friday, January 31st. TD Cowen lifted their price target on shares of SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 price target on shares of SkyWest in a report on Friday, November 15th.

Insider Buying and Selling

In related news, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the sale, the chief financial officer now directly owns 175,067 shares in the company, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by corporate insiders.

SkyWest Stock Up 1.4 %

NASDAQ:SKYW opened at $110.27 on Monday. The firm’s 50 day simple moving average is $109.05 and its 200 day simple moving average is $96.63. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.76. SkyWest, Inc. has a one year low of $57.62 and a one year high of $135.57. The company has a market cap of $4.45 billion, a PE ratio of 14.19 and a beta of 1.98.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS 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 quarter in the prior year, the firm posted $0.42 EPS. On average, research analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current 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.