Capital Fund Management S.A. Purchases Shares of 13,941 SkyWest, Inc. (NASDAQ:SKYW)

Capital Fund Management S.A. acquired a new position in shares of SkyWest, Inc. (NASDAQ:SKYW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,941 shares of the transportation company’s stock, valued at approximately $1,396,000.

Several other hedge funds also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in SkyWest during the 3rd quarter worth approximately $31,000. New Age Alpha Advisors LLC acquired a new position in SkyWest in the fourth quarter worth $39,000. Headlands Technologies LLC acquired a new position in SkyWest in the fourth quarter worth $45,000. Private Trust Co. NA grew its holdings in shares of SkyWest by 157.1% during the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock worth $49,000 after purchasing an additional 300 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in shares of SkyWest in the fourth quarter valued at $50,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

Analyst Upgrades and Downgrades

SKYW has been the topic of several research reports. Raymond James reduced their price target on shares of SkyWest from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group upgraded shares of SkyWest from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $119.00 to $117.00 in a research report on Tuesday, April 8th. Finally, StockNews.com lowered shares of SkyWest from a “buy” rating to a “hold” rating in a report on Saturday.

Insider Activity at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the completion of the sale, 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 available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the completion of the sale, the chief financial officer now owns 175,067 shares of the company’s stock, valued at $19,882,359.19. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

SkyWest Price Performance

SkyWest stock opened at $85.48 on Wednesday. The business’s 50-day simple moving average is $93.06 and its 200 day simple moving average is $100.76. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 11.00 and a beta of 1.83. SkyWest, Inc. has a 12-month low of $64.61 and a 12-month high of $135.57.

SkyWest (NASDAQ:SKYW) last released 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 posted $0.42 EPS. As a group, research analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current year.

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.