SkyWest, Inc. (NASDAQ:SKYW) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund increased its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,374 shares of the transportation company’s stock after acquiring an additional 638 shares during the quarter. Illinois Municipal Retirement Fund owned approximately 0.06% of SkyWest worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SKYW. Wilmington Savings Fund Society FSB purchased a new position in SkyWest during the third quarter worth about $31,000. Sound Income Strategies LLC purchased a new stake in shares of SkyWest during the 4th quarter valued at approximately $50,000. USA Financial Formulas lifted its holdings in SkyWest by 63.7% in the fourth quarter. USA Financial Formulas now owns 1,180 shares of the transportation company’s stock valued at $118,000 after acquiring an additional 459 shares during the last quarter. GAMMA Investing LLC grew its position in SkyWest by 14.4% in the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock worth $156,000 after acquiring an additional 196 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in SkyWest during the third quarter worth $158,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Trading Down 2.7 %

Shares of NASDAQ SKYW opened at $97.94 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $3.95 billion, a PE ratio of 12.60 and a beta of 1.98. SkyWest, Inc. has a twelve month low of $61.09 and a twelve month high of $135.57. The stock has a fifty day simple moving average of $108.32 and a 200-day simple moving average of $98.07.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same quarter in the previous year, the business posted $0.42 earnings per share. On average, equities analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Insider Activity at SkyWest

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the sale, the chief financial officer now directly owns 175,067 shares in the company, valued at $19,882,359.19. This represents a 3.31 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Greg Wooley sold 14,545 shares of the business’s 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 transaction, the vice president now owns 68,737 shares of the company’s stock, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.