Pinnacle Wealth Planning Services Inc. Lowers Stock Position in SkyWest, Inc. (NASDAQ:SKYW)

Pinnacle Wealth Planning Services Inc. trimmed its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 13.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,244 shares of the transportation company’s stock after selling 338 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in SkyWest were worth $225,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Glenmede Trust Co. NA boosted its position in SkyWest by 0.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock valued at $921,000 after acquiring an additional 98 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in SkyWest by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock valued at $1,953,000 after purchasing an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in SkyWest by 1.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock valued at $951,000 after purchasing an additional 100 shares during the last quarter. Highland Capital Management LLC lifted its position in shares of SkyWest by 6.1% during the fourth quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock valued at $279,000 after buying an additional 160 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of SkyWest by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock valued at $156,000 after buying an additional 196 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

SKYW has been the subject of several recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a research note on Friday, November 15th. Raymond James reaffirmed an “outperform” rating and set a $130.00 price target (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

SkyWest Stock Performance

SKYW opened at $88.07 on Friday. The company has a market cap of $3.55 billion, a P/E ratio of 11.33 and a beta of 2.00. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average price is $107.05 and its 200-day moving average price is $98.90. SkyWest, Inc. has a 52-week low of $64.30 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates 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 last year, the business posted $0.42 EPS. As a group, equities analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CFO Robert J. Simmons sold 6,000 shares of the company’s 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Greg Wooley sold 14,545 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the transaction, the vice president now directly owns 68,737 shares of the company’s stock, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

SkyWest 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.