CenterBook Partners LP Sells 4,156 Shares of SkyWest, Inc. (NASDAQ:SKYW)

CenterBook Partners LP lessened its stake in shares of SkyWest, Inc. (NASDAQ:SKYWFree Report) by 37.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,838 shares of the transportation company’s stock after selling 4,156 shares during the period. CenterBook Partners LP’s holdings in SkyWest were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC boosted its holdings in shares of SkyWest by 306.3% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 24,409 shares of the transportation company’s stock valued at $1,274,000 after purchasing an additional 18,401 shares during the last quarter. Clearbridge Investments LLC bought a new position in shares of SkyWest during the 4th quarter valued at about $12,773,000. American Century Companies Inc. raised its position in shares of SkyWest by 16.4% during the 3rd quarter. American Century Companies Inc. now owns 721,053 shares of the transportation company’s stock valued at $30,241,000 after buying an additional 101,459 shares in the last quarter. Seven Eight Capital LP purchased a new stake in shares of SkyWest during the 3rd quarter valued at about $833,000. Finally, Anchor Capital Advisors LLC raised its position in shares of SkyWest by 13.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 26,618 shares of the transportation company’s stock valued at $1,389,000 after buying an additional 3,172 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of SkyWest from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, June 4th. Evercore ISI upped their target price on shares of SkyWest from $60.00 to $70.00 and gave the company an “in-line” rating in a research report on Thursday, April 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, SkyWest currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.00.

Read Our Latest Research Report on SkyWest

Insider Buying and Selling

In other news, CEO Russell A. Childs sold 32,286 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $77.05, for a total transaction of $2,487,636.30. Following the transaction, the chief executive officer now directly owns 377,451 shares of the company’s stock, valued at $29,082,599.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Russell A. Childs sold 32,286 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $77.05, for a total transaction of $2,487,636.30. Following the transaction, the chief executive officer now directly owns 377,451 shares of the company’s stock, valued at $29,082,599.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Greg Wooley sold 7,415 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $81.27, for a total transaction of $602,617.05. Following the transaction, the vice president now directly owns 59,058 shares in the company, valued at $4,799,643.66. The disclosure for this sale can be found here. Insiders have sold 86,685 shares of company stock valued at $6,659,529 in the last ninety days. 2.50% of the stock is owned by company insiders.

SkyWest Stock Performance

SkyWest stock opened at $78.59 on Monday. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.81 and a quick ratio of 0.72. SkyWest, Inc. has a 1-year low of $33.31 and a 1-year high of $84.58. The firm has a market capitalization of $3.16 billion, a P/E ratio of 28.37 and a beta of 1.92. The company’s 50-day moving average is $73.33 and its 200 day moving average is $62.30.

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, topping 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 company had revenue of $804.00 million for the quarter, compared to analyst estimates of $800.07 million. During the same period in the prior year, the company posted ($0.45) EPS. The firm’s revenue for the quarter was up 16.4% on a year-over-year basis. Research analysts forecast that SkyWest, Inc. will post 6.83 EPS for the current year.

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.

See Also

Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

Receive News & Ratings for SkyWest Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SkyWest and related companies with MarketBeat.com's FREE daily email newsletter.