SkyWest, Inc. $SKYW Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lessened its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 42.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 9,800 shares of the transportation company’s stock after selling 7,300 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in SkyWest were worth $984,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 in the last quarter. United Services Automobile Association purchased a new position in shares of SkyWest during the 1st quarter valued at approximately $227,000. M&T Bank Corp lifted its position in shares of SkyWest by 7.6% during the 2nd quarter. M&T Bank Corp now owns 2,825 shares of the transportation company’s stock valued at $290,000 after buying an additional 199 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in SkyWest by 118.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock valued at $64,000 after acquiring an additional 339 shares during the period. Finally, First Trust Advisors LP increased its holdings in SkyWest by 8.8% in the 2nd quarter. First Trust Advisors LP now owns 85,577 shares of the transportation company’s stock worth $8,812,000 after acquiring an additional 6,938 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Insider Transactions at SkyWest

In other SkyWest news, insider Wade J. Steel sold 20,629 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $106.53, for a total value of $2,197,607.37. Following the completion of the sale, the insider owned 77,438 shares in the company, valued at approximately $8,249,470.14. This represents a 21.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.50% of the company’s stock.

SkyWest Trading Down 2.9%

Shares of SKYW opened at $81.25 on Friday. SkyWest, Inc. has a 52-week low of $80.00 and a 52-week high of $123.94. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 0.66. The firm’s fifty day moving average is $90.41 and its two-hundred day moving average is $97.33. The stock has a market cap of $3.22 billion, a PE ratio of 7.79, a price-to-earnings-growth ratio of 1.17 and a beta of 1.48.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, April 23rd. The transportation company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $993.06 million. SkyWest had a net margin of 10.42% and a return on equity of 15.55%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $2.42 earnings per share. Research analysts forecast that SkyWest, Inc. will post 10.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

SKYW has been the subject of a number of research analyst reports. Cantor Fitzgerald set a $122.00 price objective on shares of SkyWest in a research report on Monday, January 26th. TD Cowen cut their target price on shares of SkyWest from $106.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Weiss Ratings restated a “buy (b-)” rating on shares of SkyWest in a research report on Thursday, January 22nd. Finally, Citigroup decreased their price target on shares of SkyWest from $101.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, SkyWest has a consensus rating of “Moderate Buy” and an average target price of $117.00.

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.