SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 6.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,001,703 shares of the transportation company’s stock after selling 215,917 shares during the period. Dimensional Fund Advisors LP owned 0.07% of SkyWest worth $300,564,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System grew its holdings in SkyWest by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock valued at $1,953,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its position in shares of SkyWest by 1.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock valued at $951,000 after acquiring an additional 100 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of SkyWest by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,145 shares of the transportation company’s stock valued at $415,000 after purchasing an additional 131 shares during the period. Highland Capital Management LLC increased its position in SkyWest by 6.1% during the fourth quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock worth $279,000 after purchasing an additional 160 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in SkyWest by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock worth $156,000 after purchasing an additional 196 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the transaction, the vice president now owns 68,737 shares in the company, 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 document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the sale, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

SkyWest Stock Performance

Shares of SKYW stock opened at $85.38 on Monday. 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 firm has a market cap of $3.47 billion, a P/E ratio of 10.99 and a beta of 1.83. The firm’s 50 day moving average price is $91.39 and its 200-day moving average price is $100.90. SkyWest, Inc. has a one year low of $64.61 and a one year high of $135.57.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business earned $0.42 EPS. As a group, equities research analysts predict that SkyWest, Inc. will post 9.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com cut shares of SkyWest from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th. The Goldman Sachs Group upgraded SkyWest from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $119.00 to $117.00 in a research report on Tuesday, April 8th. Finally, Raymond James reduced their target price on SkyWest from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd.

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.