ExodusPoint Capital Management LP Invests $6.32 Million in SkyWest, Inc. (NASDAQ:SKYW)

ExodusPoint Capital Management LP bought a new position in shares of SkyWest, Inc. (NASDAQ:SKYW) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 63,134 shares of the transportation company’s stock, valued at approximately $6,322,000. ExodusPoint Capital Management LP owned 0.16% of SkyWest at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System grew its position in SkyWest by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock valued at $1,953,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of SkyWest by 1.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock valued at $951,000 after purchasing an additional 100 shares during the last quarter. Highland Capital Management LLC increased its position in SkyWest by 6.1% during the 4th quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock worth $279,000 after purchasing an additional 160 shares in the last quarter. GAMMA Investing LLC lifted its stake in SkyWest by 14.4% in the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 196 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its position in SkyWest by 2.6% in the fourth quarter. Handelsbanken Fonder AB now owns 7,800 shares of the transportation company’s stock valued at $781,000 after buying an additional 200 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

Insider Buying and Selling

In related news, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction on 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 trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 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 position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

SkyWest Price Performance

SKYW stock opened at $80.23 on Friday. The company has a market capitalization of $3.26 billion, a P/E ratio of 10.33 and a beta of 1.83. The company has a fifty day moving average price of $98.92 and a 200-day moving average price of $100.75. 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 52-week low of $64.61 and a 52-week high of $135.57.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same quarter last year, the company posted $0.42 earnings per share. As a group, equities analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

Analyst Ratings Changes

SKYW has been the subject of several research analyst reports. Raymond James lowered their price target on shares of SkyWest from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday. StockNews.com cut SkyWest from a “buy” rating to a “hold” rating in a report on Thursday.

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.