Trexquant Investment LP Trims Stake in SkyWest, Inc. (NASDAQ:SKYW)

Trexquant Investment LP reduced its stake in SkyWest, Inc. (NASDAQ:SKYW) by 17.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 91,603 shares of the transportation company’s stock after selling 18,735 shares during the quarter. Trexquant Investment LP’s holdings in SkyWest were worth $9,172,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Wealthfront Advisers LLC bought a new position in shares of SkyWest in the fourth quarter worth about $146,935,000. American Century Companies Inc. increased its holdings in SkyWest by 7.5% in the 4th quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company’s stock worth $139,211,000 after acquiring an additional 97,108 shares in the last quarter. Geode Capital Management LLC raised its stake in SkyWest by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock worth $81,697,000 after acquiring an additional 6,542 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in SkyWest by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company’s stock valued at $71,028,000 after purchasing an additional 26,561 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of SkyWest by 57.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 525,722 shares of the transportation company’s stock worth $52,641,000 after purchasing an additional 192,543 shares during the period. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total value 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. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Greg Wooley sold 14,545 shares of the stock in a transaction dated 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 transaction, the vice president now directly owns 68,737 shares of the company’s stock, valued at approximately $7,267,563.01. The trade was a 17.46 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

SkyWest Trading Up 3.1 %

SkyWest stock opened at $90.83 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The firm’s 50 day moving average price is $100.19 and its 200-day moving average price is $100.71. SkyWest, Inc. has a 1 year low of $64.61 and a 1 year high of $135.57. The stock has a market cap of $3.69 billion, a P/E ratio of 11.69 and a beta of 2.00.

SkyWest (NASDAQ:SKYW) last announced its quarterly 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 company posted $0.42 EPS. On average, equities analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Raymond James decreased their price objective on shares of SkyWest from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday.

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.