Los Angeles Capital Management LLC Increases Position in SkyWest, Inc. (NASDAQ:SKYW)

Los Angeles Capital Management LLC grew its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,468 shares of the transportation company’s stock after purchasing an additional 433 shares during the quarter. Los Angeles Capital Management LLC’s holdings in SkyWest were worth $548,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SKYW. Wilmington Savings Fund Society FSB acquired a new stake in shares of SkyWest in the third quarter valued at approximately $31,000. Sound Income Strategies LLC purchased a new stake in SkyWest in the 4th quarter valued at $50,000. USA Financial Formulas increased its stake in shares of SkyWest by 63.7% in the 4th quarter. USA Financial Formulas now owns 1,180 shares of the transportation company’s stock worth $118,000 after acquiring an additional 459 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of SkyWest by 14.4% during the 4th 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 position in shares of SkyWest during the 3rd quarter valued at about $158,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Activity at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of the firm’s stock in a transaction dated 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 directly owns 68,737 shares in the company, valued at $7,267,563.01. This trade represents a 17.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Robert J. Simmons sold 6,000 shares of SkyWest 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 transaction, the chief financial officer now directly owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. This represents 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 Stock Down 2.5 %

Shares of NASDAQ:SKYW opened at $96.45 on Tuesday. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 12.41 and a beta of 1.98. SkyWest, Inc. has a 12-month low of $64.30 and a 12-month high of $135.57. The business has a 50-day moving average price of $108.06 and a 200 day moving average price of $98.78. 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 (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share 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 previous 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.

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.