Physician Wealth Advisors Inc. Makes New $170,000 Investment in SkyWest, Inc. (NASDAQ:SKYW)

Physician Wealth Advisors Inc. bought a new stake in SkyWest, Inc. (NASDAQ:SKYW) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 1,698 shares of the transportation company’s stock, valued at approximately $170,000.

Other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC bought a new stake in SkyWest in the fourth quarter valued at about $146,935,000. American Century Companies Inc. grew its position in shares of SkyWest by 7.5% in the 4th quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company’s stock worth $139,211,000 after acquiring an additional 97,108 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of SkyWest by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock valued at $81,697,000 after acquiring an additional 6,542 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of SkyWest by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company’s stock valued at $71,028,000 after acquiring an additional 26,561 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position in shares of SkyWest by 57.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 525,722 shares of the transportation company’s stock valued at $52,641,000 after acquiring an additional 192,543 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Insider Activity

In other SkyWest news, 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 in the company, valued at approximately $7,267,563.01. The trade was a 17.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert J. Simmons sold 6,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was 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 of the company’s stock, valued at $19,882,359.19. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James reaffirmed an “outperform” rating and issued a $130.00 price objective (up previously from $120.00) on shares of SkyWest in a report on Friday, January 31st.

SkyWest Stock Performance

Shares of NASDAQ SKYW opened at $88.76 on Monday. 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 firm’s 50-day moving average price is $101.66 and its two-hundred day moving average price is $100.63. SkyWest, Inc. has a 52-week low of $64.61 and a 52-week high of $135.57. The stock has a market capitalization of $3.58 billion, a P/E ratio of 11.42 and a beta of 2.00.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) 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 prior year, the business posted $0.42 EPS. As a group, sell-side analysts forecast 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.