GAMMA Investing LLC Acquires 196 Shares of SkyWest, Inc. (NASDAQ:SKYW)

GAMMA Investing LLC grew its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 14.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,561 shares of the transportation company’s stock after acquiring an additional 196 shares during the period. GAMMA Investing LLC’s holdings in SkyWest were worth $156,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SKYW. Pacer Advisors Inc. raised its stake in shares of SkyWest by 2.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,252,410 shares of the transportation company’s stock valued at $184,855,000 after purchasing an additional 51,180 shares during the period. American Century Companies Inc. increased its position in shares of SkyWest by 16.8% during the second quarter. American Century Companies Inc. now owns 1,151,578 shares of the transportation company’s stock valued at $94,510,000 after buying an additional 165,670 shares during the period. Geode Capital Management LLC lifted its holdings in shares of SkyWest by 0.7% in the third quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock worth $81,697,000 after buying an additional 6,542 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of SkyWest by 12.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock valued at $58,051,000 after acquiring an additional 76,007 shares during the period. Finally, SW Investment Management LLC grew its stake in SkyWest by 13.2% during the second quarter. SW Investment Management LLC now owns 600,000 shares of the transportation company’s stock valued at $49,242,000 after acquiring an additional 70,000 shares in the last quarter. 81.30% of the stock is owned by institutional investors.

Insider Transactions at SkyWest

In related news, 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 value of $1,993,373.92. Following the completion of the sale, the insider now owns 97,654 shares in the company, valued at $10,202,889.92. The trade was a 16.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Russell A. Childs sold 27,903 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total transaction of $3,110,347.41. Following the transaction, the chief executive officer now owns 349,548 shares in the company, valued at $38,964,115.56. The trade was a 7.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 92,467 shares of company stock worth $10,082,596. 2.00% of the stock is currently owned by corporate insiders.

SkyWest Price Performance

SKYW stock opened at $111.04 on Thursday. The firm has a 50 day simple moving average of $107.25 and a two-hundred day simple moving average of $90.57. The stock has a market cap of $4.48 billion, a PE ratio of 18.98 and a beta of 1.98. SkyWest, Inc. has a one year low of $48.28 and a one year high of $117.51. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76.

SkyWest (NASDAQ:SKYW) last announced its earnings results 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 company had revenue of $912.79 million during the quarter, compared to analyst estimates 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 period in the previous year, the business earned $0.55 earnings per share. On average, analysts predict that SkyWest, Inc. will post 7.16 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on SKYW. Raymond James increased their target price on shares of SkyWest from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a research report on Friday, November 15th. Finally, TD Cowen lifted their price objective on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.25.

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.