SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Trexquant Investment LP

Trexquant Investment LP lowered its stake in shares of SkyWest, Inc. (NASDAQ:SKYWFree Report) by 47.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,196 shares of the transportation company’s stock after selling 9,315 shares during the quarter. Trexquant Investment LP’s holdings in SkyWest were worth $532,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in SkyWest by 8.0% during the third quarter. PNC Financial Services Group Inc. now owns 3,933 shares of the transportation company’s stock worth $165,000 after purchasing an additional 291 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of SkyWest by 22.2% in the 4th quarter. Quadrant Capital Group LLC now owns 2,101 shares of the transportation company’s stock valued at $110,000 after acquiring an additional 381 shares during the period. GAMMA Investing LLC acquired a new position in shares of SkyWest in the 4th quarter valued at $29,000. Nisa Investment Advisors LLC increased its holdings in shares of SkyWest by 2.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 28,125 shares of the transportation company’s stock valued at $1,468,000 after acquiring an additional 700 shares during the period. Finally, Strs Ohio acquired a new position in shares of SkyWest in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

Insiders Place Their Bets

In other SkyWest news, Director James L. Welch sold 2,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $66.72, for a total transaction of $133,440.00. Following the sale, the director now directly owns 56,067 shares in the company, valued at approximately $3,740,790.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other SkyWest news, insider Wade J. Steel sold 15,000 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $77.10, for a total transaction of $1,156,500.00. Following the sale, the insider now directly owns 116,733 shares in the company, valued at approximately $9,000,114.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James L. Welch sold 2,000 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $66.72, for a total transaction of $133,440.00. Following the sale, the director now owns 56,067 shares in the company, valued at $3,740,790.24. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 74,270 shares of company stock worth $5,654,112. Corporate insiders own 2.00% of the company’s stock.

SkyWest Stock Performance

NASDAQ:SKYW opened at $74.67 on Friday. The firm’s fifty day moving average price is $72.30 and its 200 day moving average price is $61.05. SkyWest, Inc. has a 1-year low of $29.50 and a 1-year high of $79.56. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.81 and a quick ratio of 0.72. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 26.96 and a beta of 1.89.

SkyWest (NASDAQ:SKYWGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.21. SkyWest had a net margin of 3.83% and a return on equity of 5.45%. The firm had revenue of $804.00 million for the quarter, compared to analyst estimates of $800.07 million. During the same period last year, the firm posted ($0.45) EPS. SkyWest’s quarterly revenue was up 16.4% on a year-over-year basis. On average, sell-side analysts expect that SkyWest, Inc. will post 6.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SKYW. StockNews.com raised shares of SkyWest from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Evercore ISI lifted their target price on shares of SkyWest from $60.00 to $70.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Finally, TD Cowen raised shares of SkyWest from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $55.00 to $68.00 in a report on Monday, February 5th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $62.25.

Check Out Our Latest Research Report on SkyWest

About SkyWest

(Free Report)

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.

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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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