Triumph Capital Management Has $375,000 Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Triumph Capital Management lowered its stake in SkyWest, Inc. (NASDAQ:SKYW) by 4.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,742 shares of the transportation company’s stock after selling 184 shares during the period. Triumph Capital Management’s holdings in SkyWest were worth $375,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of SkyWest during the third quarter worth approximately $31,000. New Age Alpha Advisors LLC bought a new stake in SkyWest in the 4th quarter valued at $39,000. Headlands Technologies LLC acquired a new position in SkyWest in the 4th quarter valued at $45,000. Private Trust Co. NA grew its holdings in 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 buying an additional 300 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new position in SkyWest during the 4th quarter worth $50,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on SKYW shares. Raymond James decreased their price target on shares of SkyWest from $130.00 to $125.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 2nd. StockNews.com lowered shares of SkyWest from a “buy” rating to a “hold” rating in a research report on Saturday, April 12th. Finally, The Goldman Sachs Group upgraded shares of SkyWest from a “neutral” rating to a “buy” rating and dropped their price target for the company from $119.00 to $117.00 in a research report on Tuesday, April 8th.

Insider Buying and Selling at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of the firm’s 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 sale, the vice president now directly owns 68,737 shares in the company, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the transaction, the chief financial officer now owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

SkyWest Stock Up 0.7 %

SKYW stock opened at $89.17 on Thursday. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57. The business has a 50-day simple moving average of $88.50 and a 200 day simple moving average of $100.71. 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 company has a market cap of $3.62 billion, a PE ratio of 11.48 and a beta of 1.83.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, April 24th. The transportation company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.04 by $0.38. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. The company had revenue of $948.46 million during the quarter, compared to analysts’ expectations of $946.13 million. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.45 EPS. Sell-side analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current fiscal 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.