Neuberger Berman Group LLC Invests $204,000 in SkyWest, Inc. (NASDAQ:SKYW)

Neuberger Berman Group LLC bought a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 2,039 shares of the transportation company’s stock, valued at approximately $204,000.

A number of other hedge funds also recently made changes to their positions in SKYW. XTX Topco Ltd increased its position in SkyWest by 90.5% during the 3rd quarter. XTX Topco Ltd now owns 5,976 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 2,839 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in SkyWest during the third quarter valued at $637,000. Barclays PLC raised its position in shares of SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after purchasing an additional 129,901 shares during the last quarter. Geode Capital Management LLC raised its position in shares of SkyWest by 0.7% in the 3rd 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 last quarter. Finally, Invst LLC lifted its stake in shares of SkyWest by 39.1% in the third quarter. Invst LLC now owns 5,405 shares of the transportation company’s stock worth $460,000 after buying an additional 1,520 shares in the last quarter. 81.30% of the stock is owned by institutional investors.

SkyWest Stock Performance

Shares of SkyWest stock opened at $86.31 on Friday. The company has a 50 day moving average price of $94.34 and a 200 day moving average price of $100.74. The firm has a market capitalization of $3.51 billion, a P/E ratio of 11.11 and a beta of 1.83. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89.

SkyWest (NASDAQ:SKYW) last posted its 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 in the prior year, the firm earned $0.42 earnings per share. Sell-side analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other SkyWest news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction dated Tuesday, February 18th. The shares were 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 $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 Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by 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.