Illinois Municipal Retirement Fund Raises Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Illinois Municipal Retirement Fund increased its position in SkyWest, Inc. (NASDAQ:SKYW) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 22,374 shares of the transportation company’s stock after purchasing an additional 638 shares during the period. Illinois Municipal Retirement Fund’s holdings in SkyWest were worth $2,240,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB acquired a new position in SkyWest during the third quarter worth approximately $31,000. Sound Income Strategies LLC purchased a new position in shares of SkyWest during the fourth quarter worth approximately $50,000. USA Financial Formulas increased its holdings in shares of SkyWest by 63.7% in the 4th quarter. USA Financial Formulas now owns 1,180 shares of the transportation company’s stock valued at $118,000 after acquiring an additional 459 shares during the period. GAMMA Investing LLC raised its position in SkyWest by 14.4% in the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 196 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in SkyWest during the 3rd quarter worth $158,000. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Stock Down 2.7 %

Shares of SkyWest stock opened at $97.94 on Friday. The company has a market cap of $3.95 billion, a P/E ratio of 12.60 and a beta of 1.98. The firm has a fifty day moving average of $108.32 and a two-hundred day moving average of $98.07. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. SkyWest, Inc. has a one year low of $61.09 and a one year high of $135.57.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same period in the prior year, the company earned $0.42 earnings per share. On average, analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Insider Activity

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $113.57, for a total value of $681,420.00. Following the completion of the transaction, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the sale, the vice president now owns 68,737 shares in the company, valued at $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

SKYW has been the topic of a number of recent research reports. Raymond James restated an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st. The Goldman Sachs Group restated a “neutral” rating and issued a $119.00 price target on shares of SkyWest in a research report on Friday, November 15th. Finally, TD Cowen increased their price objective on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Tuesday, November 5th.

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.