Aquatic Capital Management LLC Sells 5,166 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Aquatic Capital Management LLC lessened its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 45.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,134 shares of the transportation company’s stock after selling 5,166 shares during the quarter. Aquatic Capital Management LLC’s holdings in SkyWest were worth $614,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Wealthfront Advisers LLC acquired a new stake in SkyWest during the fourth quarter worth approximately $146,935,000. Norges Bank acquired a new stake in shares of SkyWest during the 4th quarter worth $23,851,000. Arrowstreet Capital Limited Partnership grew its holdings 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 worth $52,641,000 after purchasing an additional 192,543 shares in the last quarter. Barclays PLC increased its position in shares of SkyWest by 563.8% in the third quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after purchasing an additional 129,901 shares during the period. Finally, Renaissance Technologies LLC raised its stake in SkyWest by 47.5% in the fourth quarter. Renaissance Technologies LLC now owns 399,324 shares of the transportation company’s stock valued at $39,984,000 after purchasing an additional 128,524 shares in the last quarter. 81.30% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

SkyWest Trading Up 1.1 %

Shares of SkyWest stock opened at $90.18 on Friday. The firm has a market capitalization of $3.65 billion, a PE ratio of 11.61 and a beta of 1.83. 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 firm’s 50 day moving average is $88.38 and its 200 day moving average is $100.69. SkyWest, Inc. has a 1 year low of $64.61 and a 1 year high of $135.57.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, April 24th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $946.13 million. During the same period in the prior year, the business earned $1.45 earnings per share. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. Equities research analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Insider Buying and Selling at SkyWest

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the business’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 transaction of $1,537,842.85. Following the sale, the vice president now directly owns 68,737 shares of the company’s stock, valued at $7,267,563.01. The trade was a 17.46 % decrease in their position. The transaction 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 firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the transaction, 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.

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.