SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC cut its stake in SkyWest, Inc. (NASDAQ:SKYW) by 13.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,487 shares of the transportation company’s stock after selling 3,119 shares during the period. Anchor Capital Advisors LLC’s holdings in SkyWest were worth $1,951,000 as of its most recent SEC filing.

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

SkyWest Price Performance

SKYW stock opened at $98.91 on Friday. The firm has a market cap of $3.99 billion, a P/E ratio of 12.73 and a beta of 1.98. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. SkyWest, Inc. has a 1 year low of $61.60 and a 1 year high of $135.57. The stock has a 50-day simple moving average of $108.23 and a 200-day simple moving average of $98.07.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the business earned $0.42 earnings per share. On average, equities analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. TD Cowen raised their price objective on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. The Goldman Sachs Group restated a “neutral” rating and issued a $119.00 price target on shares of SkyWest in a report on Friday, November 15th. Finally, Raymond James reiterated an “outperform” rating and set a $130.00 price objective (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st.

Insider Activity at SkyWest

In other news, CFO Robert J. Simmons sold 6,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.85. Following the sale, the vice president now directly 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 disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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.