SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by QRG Capital Management Inc.

QRG Capital Management Inc. trimmed its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 5.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,849 shares of the transportation company’s stock after selling 809 shares during the period. QRG Capital Management Inc.’s holdings in SkyWest were worth $1,287,000 as of its most recent filing with the Securities and Exchange Commission.

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

SkyWest Stock Down 2.5 %

Shares of NASDAQ:SKYW opened at $96.45 on Tuesday. The firm has a market cap of $3.89 billion, a PE ratio of 12.41 and a beta of 1.98. The company has a fifty day simple moving average of $108.06 and a 200 day simple moving average of $98.78. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 12-month low of $64.30 and a 12-month high of $135.57.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share 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 prior year, the company posted $0.42 earnings per share. On average, equities research analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insider Activity at SkyWest

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $681,420.00. Following the sale, the chief financial officer now directly owns 175,067 shares in the company, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SKYW shares. Raymond James restated an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st. TD Cowen boosted their price objective 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, The Goldman Sachs Group restated a “neutral” rating and set a $119.00 target price on shares of SkyWest in a research note on Friday, November 15th.

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.