Versor Investments LP Increases Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Versor Investments LP grew its stake in SkyWest, Inc. (NASDAQ:SKYW) by 73.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,119 shares of the transportation company’s stock after acquiring an additional 6,419 shares during the quarter. Versor Investments LP’s holdings in SkyWest were worth $1,514,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Pitcairn Co. bought a new position in SkyWest in the 3rd quarter worth about $535,000. Summit Global Investments bought a new position in shares of SkyWest in the third quarter worth approximately $539,000. JPMorgan Chase & Co. grew its holdings in shares of SkyWest by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock valued at $30,396,000 after buying an additional 11,169 shares during the last quarter. Barclays PLC increased its position 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 acquiring an additional 129,901 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in SkyWest by 104.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,549 shares of the transportation company’s stock worth $1,917,000 after acquiring an additional 11,494 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction on 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 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 hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was 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 trade 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 currently owned by insiders.

SkyWest Price Performance

NASDAQ SKYW opened at $100.68 on Thursday. The stock has a market capitalization of $4.06 billion, a price-to-earnings ratio of 12.96 and a beta of 1.98. SkyWest, Inc. has a 1-year low of $61.09 and a 1-year high of $135.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The business’s fifty day moving average price is $108.29 and its 200-day moving average price is $98.06.

SkyWest (NASDAQ:SKYW) last posted its 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 return on equity of 14.17% and a net margin of 9.15%. During the same period in the prior year, the business earned $0.42 EPS. On average, equities analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current year.

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.