3,707 Shares in SkyWest, Inc. (NASDAQ:SKYW) Purchased by Cibc World Markets Corp

Cibc World Markets Corp bought a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 3,707 shares of the transportation company’s stock, valued at approximately $371,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Wealthfront Advisers LLC bought a new position in shares of SkyWest in the fourth quarter valued at approximately $146,935,000. FMR LLC lifted its position in SkyWest by 42.2% in the third quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock worth $41,162,000 after purchasing an additional 143,661 shares during the period. Barclays PLC boosted its stake in SkyWest by 563.8% during the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock valued at $13,002,000 after purchasing an additional 129,901 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of SkyWest by 12.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock valued at $58,051,000 after purchasing an additional 76,007 shares during the period. Finally, Navellier & Associates Inc. raised its stake in shares of SkyWest by 431.1% in the 4th quarter. Navellier & Associates Inc. now owns 65,338 shares of the transportation company’s stock worth $6,542,000 after buying an additional 53,035 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James reaffirmed an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of SkyWest in a report on Friday, January 31st.

Insider Buying and Selling

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

SkyWest Trading Up 0.8 %

Shares of SKYW opened at $91.12 on Monday. The business’s 50-day moving average price is $103.29 and its 200 day moving average price is $100.02. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $3.67 billion, a P/E ratio of 11.73 and a beta of 2.00. SkyWest, Inc. has a 1-year low of $64.61 and a 1-year high of $135.57.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, topping the consensus estimate 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 previous year, the business earned $0.42 earnings per share. Analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current year.

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.