SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. reduced its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 5.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 12,849 shares of the transportation company’s stock after selling 809 shares during the period. QRG Capital Management Inc.’s holdings in SkyWest were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the stock. Glenmede Trust Co. NA grew its position in shares of SkyWest by 0.9% during the third quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock worth $921,000 after acquiring an additional 98 shares during the last quarter. Louisiana State Employees Retirement System grew its position in SkyWest by 0.5% in the 4th quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock worth $1,953,000 after purchasing an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of SkyWest by 1.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock valued at $951,000 after purchasing an additional 100 shares during the period. Highland Capital Management LLC increased its stake in shares of SkyWest by 6.1% in the fourth quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock valued at $279,000 after purchasing an additional 160 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of SkyWest by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock worth $156,000 after buying an additional 196 shares during the period. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Stock Down 2.5 %

Shares of SKYW stock opened at $96.45 on Tuesday. SkyWest, Inc. has a 1 year low of $64.30 and a 1 year high of $135.57. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. The business’s fifty day moving average is $108.06 and its 200-day moving average is $98.78. The stock has a market cap of $3.89 billion, a PE ratio of 12.41 and a beta of 1.98.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping 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 last year, the company earned $0.42 EPS. Equities analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Insider Buying and Selling

In other SkyWest news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following 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 position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

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

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.