GSA Capital Partners LLP Buys New Holdings in SkyWest, Inc. (NASDAQ:SKYW)

GSA Capital Partners LLP bought a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 4,367 shares of the transportation company’s stock, valued at approximately $371,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its stake in SkyWest by 41.4% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,758 shares of the transportation company’s stock worth $1,227,000 after acquiring an additional 5,200 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp bought a new stake in SkyWest in the 1st quarter worth approximately $90,000. UniSuper Management Pty Ltd bought a new stake in SkyWest in the 1st quarter worth approximately $520,000. CANADA LIFE ASSURANCE Co increased its stake in SkyWest by 4.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 34,403 shares of the transportation company’s stock worth $2,375,000 after acquiring an additional 1,414 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of SkyWest in the 1st quarter worth approximately $1,934,000. Institutional investors own 81.30% of the company’s stock.

SkyWest Stock Up 0.8 %

Shares of NASDAQ SKYW opened at $109.86 on Friday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. The company has a market cap of $4.43 billion, a P/E ratio of 18.63 and a beta of 1.93. SkyWest, Inc. has a 1 year low of $45.42 and a 1 year high of $116.47. The firm has a 50-day simple moving average of $93.77 and a two-hundred day simple moving average of $83.31.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.92 by $0.24. The business had revenue of $912.79 million during the quarter, compared to the consensus estimate of $896.21 million. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The firm’s quarterly revenue was up 19.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 earnings per share. Research analysts anticipate that SkyWest, Inc. will post 7.16 earnings per share for the current year.

Insider Activity

In related news, CAO Eric Woodward sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.53, for a total value of $446,120.00. Following the completion of the transaction, the chief accounting officer now owns 44,426 shares of the company’s stock, valued at $4,954,831.78. The trade was a 8.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Wade J. Steel sold 19,079 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total transaction of $1,993,373.92. Following the completion of the transaction, the insider now directly owns 97,654 shares of the company’s stock, valued at $10,202,889.92. This trade represents a 16.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,467 shares of company stock valued at $10,082,596. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. The Goldman Sachs Group restated a “neutral” rating and set a $119.00 price target on shares of SkyWest in a report on Friday, November 15th. TD Cowen raised their target price on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Raymond James upped their price target on shares of SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

About SkyWest

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.