SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 1.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,035 shares of the transportation company’s stock after selling 100 shares during the quarter. Los Angeles Capital Management LLC’s holdings in SkyWest were worth $428,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Assetmark Inc. grew its holdings in SkyWest by 12.4% during the 3rd quarter. Assetmark Inc. now owns 19,324 shares of the transportation company’s stock worth $1,643,000 after acquiring an additional 2,138 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in SkyWest during the 3rd quarter valued at about $628,000. Summit Global Investments bought a new stake in shares of SkyWest during the 3rd quarter worth about $539,000. Principal Financial Group Inc. raised its position in shares of SkyWest by 9.1% during the 3rd quarter. Principal Financial Group Inc. now owns 216,574 shares of the transportation company’s stock worth $18,413,000 after buying an additional 18,047 shares in the last quarter. Finally, Hanseatic Management Services Inc. raised its position in shares of SkyWest by 2.6% during the 3rd quarter. Hanseatic Management Services Inc. now owns 12,443 shares of the transportation company’s stock worth $1,058,000 after buying an additional 316 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Insider Buying and Selling

In other news, insider Wade J. Steel sold 19,079 shares of the business’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $104.48, for a total value of $1,993,373.92. Following the completion of the sale, the insider now owns 97,654 shares of the company’s stock, valued at approximately $10,202,889.92. The trade was a 16.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ronald J. Mittelstaedt sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $112.06, for a total transaction of $2,801,500.00. Following the sale, the director now directly owns 11,283 shares of the company’s stock, valued at $1,264,372.98. This represents a 68.90 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 92,467 shares of company stock worth $10,082,596. Insiders own 2.00% of the company’s stock.

SkyWest Stock Performance

SkyWest stock opened at $111.33 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. SkyWest, Inc. has a 1 year low of $44.71 and a 1 year high of $116.47. The company has a market cap of $4.49 billion, a PE ratio of 19.03 and a beta of 1.93. The company’s 50-day moving average is $91.70 and its two-hundred day moving average is $82.58.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The firm had revenue of $912.79 million for the quarter, compared to analyst estimates of $896.21 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The business’s revenue was up 19.1% on a year-over-year basis. Equities analysts anticipate that SkyWest, Inc. will post 7.16 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SKYW shares. Raymond James boosted their target price on shares of SkyWest from $100.00 to $114.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen lifted their target price on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $119.00 target price on shares of SkyWest in a research report on Friday. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $105.75.

SkyWest Company Profile

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.