Hillsdale Investment Management Inc. Sells 12,760 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Hillsdale Investment Management Inc. decreased its position in SkyWest, Inc. (NASDAQ:SKYW) by 16.6% during the fourth quarter, HoldingsChannel reports. The firm owned 63,890 shares of the transportation company’s stock after selling 12,760 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in SkyWest were worth $6,397,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SKYW. Wealthfront Advisers LLC bought a new position in shares of SkyWest in the fourth quarter valued at approximately $146,935,000. FMR LLC raised its position in shares of SkyWest by 42.2% in the third quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock valued at $41,162,000 after purchasing an additional 143,661 shares during the period. Barclays PLC raised its position in shares of SkyWest by 563.8% in the third quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock valued at $13,002,000 after purchasing an additional 129,901 shares during the period. American Century Companies Inc. raised its position in shares of SkyWest by 7.5% in the fourth quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company’s stock valued at $139,211,000 after purchasing an additional 97,108 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of SkyWest by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock valued at $58,051,000 after purchasing an additional 76,007 shares during the period. Institutional investors own 81.30% of the company’s stock.

Insider Transactions at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of the firm’s stock in a transaction 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 sale, the vice president now owns 68,737 shares in the company, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction 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 $19,882,359.19. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

SkyWest Trading Up 0.8 %

Shares of SkyWest stock opened at $91.12 on Friday. The company’s fifty day simple moving average is $103.29 and its 200-day simple moving average is $99.67. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 11.73 and a beta of 2.00. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 1 year low of $64.61 and a 1 year high of $135.57.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (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 period in the prior year, the business earned $0.42 EPS. As a group, sell-side analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Raymond James reissued an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

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.