Yousif Capital Management LLC Has $1.06 Million Stock Position in SkyWest, Inc. (NASDAQ:SKYW)

Yousif Capital Management LLC trimmed its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,336 shares of the transportation company’s stock after selling 585 shares during the period. Yousif Capital Management LLC’s holdings in SkyWest were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of SKYW. GAMMA Investing LLC bought a new stake in SkyWest during the 4th quarter worth approximately $29,000. Strs Ohio bought a new stake in SkyWest during the 4th quarter worth approximately $36,000. Salem Investment Counselors Inc. bought a new stake in SkyWest during the 4th quarter worth approximately $57,000. Harvest Fund Management Co. Ltd increased its stake in SkyWest by 2,109.5% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 1,392 shares of the transportation company’s stock worth $58,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in SkyWest during the 3rd quarter worth approximately $59,000. Institutional investors own 81.30% of the company’s stock.

Insider Buying and Selling at SkyWest

In other SkyWest news, Director James L. Welch sold 2,000 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $66.72, for a total transaction of $133,440.00. Following the completion of the sale, the director now owns 56,067 shares of the company’s stock, valued at approximately $3,740,790.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Raymond James raised their price target on shares of SkyWest from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Friday, February 2nd. TD Cowen raised shares of SkyWest from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $55.00 to $68.00 in a research note on Monday, February 5th. Evercore ISI raised their price target on shares of SkyWest from $60.00 to $70.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. TheStreet raised shares of SkyWest from a “c” rating to a “b-” rating in a research note on Friday, February 2nd. Finally, StockNews.com raised shares of SkyWest from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.25.

SkyWest Price Performance

NASDAQ:SKYW opened at $75.33 on Friday. SkyWest, Inc. has a 1-year low of $25.79 and a 1-year high of $79.21. The company has a current ratio of 0.81, a quick ratio of 0.80 and a debt-to-equity ratio of 1.10. The firm has a fifty day simple moving average of $68.42 and a 200 day simple moving average of $56.28. The stock has a market capitalization of $3.03 billion, a PE ratio of 27.20 and a beta of 1.89.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, April 25th. The transportation company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.21. SkyWest had a net margin of 3.83% and a return on equity of 5.45%. The business had revenue of $804.00 million during the quarter, compared to analysts’ expectations of $800.07 million. During the same period last year, the business earned ($0.45) earnings per share. The firm’s revenue was up 16.4% on a year-over-year basis. On average, research analysts expect that SkyWest, Inc. will post 6.81 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.