Teacher Retirement System of Texas Has $9.13 Million Stock Position in SkyWest, Inc. (NASDAQ:SKYW)

Teacher Retirement System of Texas lowered its stake in SkyWest, Inc. (NASDAQ:SKYW) by 19.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,170 shares of the transportation company’s stock after selling 22,050 shares during the quarter. Teacher Retirement System of Texas owned about 0.23% of SkyWest worth $9,129,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SKYW. Wilmington Savings Fund Society FSB acquired a new position in shares of SkyWest in the 3rd quarter valued at $31,000. Private Trust Co. NA lifted its stake in shares of SkyWest by 157.1% in the 4th quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 300 shares during the period. Sound Income Strategies LLC acquired a new position in shares of SkyWest in the 4th quarter valued at $50,000. Jones Financial Companies Lllp raised its stake in SkyWest by 117.2% during the 4th quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company’s stock worth $83,000 after buying an additional 449 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in SkyWest by 193.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company’s stock worth $87,000 after buying an additional 569 shares during the period. Institutional investors and hedge funds own 81.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

SkyWest Stock Performance

Shares of SkyWest stock opened at $91.12 on Friday. The company has a market capitalization of $3.67 billion, a PE ratio of 11.73 and a beta of 2.00. SkyWest, Inc. has a 12 month low of $64.61 and a 12 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. The stock’s fifty day simple moving average is $103.29 and its 200 day simple moving average is $99.84.

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 in the previous year, the firm posted $0.42 earnings per share. On average, research analysts predict that SkyWest, Inc. will post 9.01 EPS for the current year.

Insiders Place Their Bets

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the stock in a transaction dated 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. This represents a 17.46 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert J. Simmons sold 6,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the completion of the transaction, the chief financial officer now 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.

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.