Trexquant Investment LP Sells 18,735 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Trexquant Investment LP decreased its position in SkyWest, Inc. (NASDAQ:SKYW) by 17.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,603 shares of the transportation company’s stock after selling 18,735 shares during the quarter. Trexquant Investment LP owned approximately 0.23% of SkyWest worth $9,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SKYW. JPMorgan Chase & Co. lifted its position in SkyWest by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock valued at $30,396,000 after acquiring an additional 11,169 shares during the period. Barclays PLC increased its stake in shares of SkyWest by 563.8% during 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 in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of SkyWest by 104.0% during the third quarter. BNP Paribas Financial Markets now owns 22,549 shares of the transportation company’s stock valued at $1,917,000 after purchasing an additional 11,494 shares during the last quarter. Savant Capital LLC bought a new stake in shares of SkyWest in the 4th quarter worth approximately $242,000. Finally, Tidal Investments LLC purchased a new stake in shares of SkyWest in the 3rd quarter worth approximately $648,000. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Insider Buying and Selling at SkyWest

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief financial officer now directly owns 175,067 shares in the company, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Greg Wooley sold 14,545 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the transaction, 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 disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

SkyWest Price Performance

Shares of SKYW opened at $90.83 on Thursday. SkyWest, Inc. has a twelve month low of $64.61 and a twelve month high of $135.57. The company has a market capitalization of $3.69 billion, a P/E ratio of 11.69 and a beta of 2.00. The firm has a 50 day moving average of $100.19 and a 200 day moving average of $100.71. 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 quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping the consensus estimate 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 period in the previous year, the company earned $0.42 earnings per share. As a group, equities research analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered their price objective on SkyWest from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday.

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.