Bailard Inc. Sells 2,100 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Bailard Inc. cut its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 23.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,800 shares of the transportation company’s stock after selling 2,100 shares during the period. Bailard Inc.’s holdings in SkyWest were worth $681,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SKYW. Pitcairn Co. bought a new position in shares of SkyWest in the third quarter worth about $535,000. Summit Global Investments bought a new position in shares of SkyWest in the third quarter worth about $539,000. JPMorgan Chase & Co. raised its stake in shares of SkyWest by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock worth $30,396,000 after buying an additional 11,169 shares during the period. Barclays PLC raised its stake in shares of SkyWest by 563.8% in the third quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after buying an additional 129,901 shares during the period. Finally, BNP Paribas Financial Markets raised its position in shares of SkyWest by 104.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 22,549 shares of the transportation company’s stock valued at $1,917,000 after purchasing an additional 11,494 shares during the period. 81.30% of the stock is currently owned by institutional investors.

Insider Transactions at SkyWest

In related news, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction on 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 owns 175,067 shares in the company, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was 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. This represents a 17.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SKYW shares. Raymond James restated an “outperform” rating and set a $130.00 price objective (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st. The Goldman Sachs Group restated a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a research report on Friday, November 15th. Finally, TD Cowen lifted their target price on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th.

SkyWest Stock Down 2.5 %

Shares of SKYW stock opened at $96.45 on Tuesday. The company’s fifty day simple moving average is $108.06 and its two-hundred day simple moving average is $98.78. SkyWest, Inc. has a 52 week low of $64.30 and a 52 week high of $135.57. The stock has a market cap of $3.89 billion, a P/E ratio of 12.41 and a beta of 1.98. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89.

SkyWest (NASDAQ:SKYW) last posted its earnings results 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 return on equity of 14.17% and a net margin of 9.15%. During the same period in the prior year, the company earned $0.42 EPS. Analysts predict that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

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.