Nisa Investment Advisors LLC Decreases Stock Holdings in SkyWest, Inc. $SKYW

Nisa Investment Advisors LLC lowered its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 30.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,873 shares of the transportation company’s stock after selling 8,891 shares during the quarter. Nisa Investment Advisors LLC’s holdings in SkyWest were worth $2,000,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SKYW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in SkyWest by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,590 shares of the transportation company’s stock valued at $2,061,000 after buying an additional 1,034 shares during the last quarter. United Services Automobile Association acquired a new position in SkyWest in the 1st quarter worth about $227,000. Strs Ohio acquired a new stake in shares of SkyWest in the first quarter valued at about $1,075,000. Voya Investment Management LLC lifted its position in shares of SkyWest by 23.9% in the first quarter. Voya Investment Management LLC now owns 26,643 shares of the transportation company’s stock valued at $2,328,000 after acquiring an additional 5,143 shares in the last quarter. Finally, Pallas Capital Advisors LLC acquired a new stake in shares of SkyWest in the second quarter worth approximately $227,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Stock Performance

Shares of SKYW stock opened at $96.94 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.61 and a current ratio of 0.71. The firm has a market cap of $3.89 billion, a P/E ratio of 9.25, a P/E/G ratio of 0.68 and a beta of 1.66. The firm’s 50 day moving average price is $100.46 and its 200-day moving average price is $105.59. SkyWest, Inc. has a one year low of $74.70 and a one year high of $135.57.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping analysts’ consensus estimates of $2.56 by $0.25. SkyWest had a return on equity of 17.14% and a net margin of 10.92%.The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same period in the prior year, the firm earned $2.16 earnings per share. The firm’s revenue was up 15.0% compared to the same quarter last year. As a group, equities research analysts predict that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Transactions at SkyWest

In other SkyWest news, Director Meredith Siegfried Madden sold 4,725 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $106.54, for a total value of $503,401.50. Following the completion of the transaction, the director owned 25,362 shares in the company, valued at $2,702,067.48. The trade was a 15.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. TD Cowen increased their price objective on SkyWest from $124.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of SkyWest in a research report on Wednesday, October 8th. Wall Street Zen cut SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Raymond James Financial upgraded shares of SkyWest from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, October 1st. Finally, Cowen reaffirmed a “buy” rating on shares of SkyWest in a research report on Friday, October 31st. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.17.

SkyWest Company Profile

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.