SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC trimmed its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 23.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,494 shares of the transportation company’s stock after selling 1,064 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in SkyWest were worth $350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Wealthfront Advisers LLC acquired a new position in SkyWest in the fourth quarter valued at $146,935,000. FMR LLC grew its holdings in shares of SkyWest by 42.2% during the third quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock worth $41,162,000 after buying an additional 143,661 shares during the last quarter. Barclays PLC increased its position in SkyWest by 563.8% in the 3rd 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 during the period. Charles Schwab Investment Management Inc. raised its stake in SkyWest by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock valued at $58,051,000 after acquiring an additional 76,007 shares during the last quarter. Finally, Navellier & Associates Inc. lifted its position in SkyWest by 431.1% during the 4th quarter. Navellier & Associates Inc. now owns 65,338 shares of the transportation company’s stock worth $6,542,000 after acquiring an additional 53,035 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.

SkyWest Price Performance

Shares of SKYW opened at $86.81 on Wednesday. The firm has a market capitalization of $3.50 billion, a PE ratio of 11.17 and a beta of 2.00. The stock’s 50 day moving average is $104.51 and its two-hundred day moving average is $99.71. SkyWest, Inc. has a twelve month low of $64.30 and a twelve month high of $135.57. 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 posted 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 return on equity of 14.17% and a net margin of 9.15%. During the same period in the prior year, the firm earned $0.42 EPS. Research analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Raymond James restated an “outperform” rating and set a $130.00 price target (up previously from $120.00) on shares of SkyWest in a research note on Friday, January 31st.

Insider Transactions at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction dated 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 sale, the vice president now owns 68,737 shares of the company’s stock, 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 Securities & Exchange Commission, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction dated 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 transaction, the chief financial officer now directly owns 175,067 shares of the company’s stock, valued at approximately $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. Corporate insiders own 2.00% of the company’s stock.

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.