SkyWest, Inc. (NASDAQ:SKYW) Shares Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. grew its stake in SkyWest, Inc. (NASDAQ:SKYW) by 12.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,938 shares of the transportation company’s stock after purchasing an additional 753 shares during the period. Edgestream Partners L.P.’s holdings in SkyWest were worth $695,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Inceptionr LLC acquired a new position in shares of SkyWest in the 4th quarter valued at $463,000. Raymond James Financial Inc. acquired a new position in shares of SkyWest in the 4th quarter valued at $2,700,000. Cookson Peirce & Co. Inc. raised its position in SkyWest by 56.3% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 11,104 shares of the transportation company’s stock valued at $1,112,000 after purchasing an additional 4,001 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in SkyWest by 3.9% in the 4th 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 during the last quarter. Finally, Jones Financial Companies Lllp raised its position in SkyWest by 117.2% in the 4th quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company’s stock valued at $83,000 after purchasing an additional 449 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Stock Down 0.6 %

Shares of SkyWest stock opened at $82.99 on Thursday. The company has a market cap of $3.35 billion, a P/E ratio of 10.68 and a beta of 2.00. 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 $64.30 and a one year high of $135.57. The firm has a fifty day moving average of $105.99 and a two-hundred day moving average of $99.24.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, topping 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 quarter in the prior year, the company posted $0.42 earnings per share. On average, analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on SKYW. Raymond James reiterated an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st. The Goldman Sachs Group reiterated a “neutral” rating and issued a $119.00 price target on shares of SkyWest in a research report on Friday, November 15th.

Insiders Place Their Bets

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the company’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 transaction, the vice president now owns 68,737 shares in the company, valued at approximately $7,267,563.01. This represents a 17.46 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the completion of the transaction, the chief financial officer now owns 175,067 shares of the company’s stock, valued at $19,882,359.19. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. 2.50% of the stock is owned by insiders.

SkyWest Profile

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.