6,486 Shares in SkyWest, Inc. (NASDAQ:SKYW) Purchased by Quantbot Technologies LP

Quantbot Technologies LP purchased a new stake in SkyWest, Inc. (NASDAQ:SKYW) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 6,486 shares of the transportation company’s stock, valued at approximately $551,000.

Several other large investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD grew its position in SkyWest by 6.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,717 shares of the transportation company’s stock worth $1,846,000 after acquiring an additional 1,559 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of SkyWest in the first quarter valued at $1,853,000. Boston Partners bought a new position in shares of SkyWest in the first quarter valued at about $1,275,000. GAMMA Investing LLC raised its holdings in shares of SkyWest by 45.9% in the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after buying an additional 292 shares during the last quarter. Finally, CWM LLC lifted its position in SkyWest by 57.3% during the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after buying an additional 279 shares in the last quarter. 81.30% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Raymond James boosted their target price on shares of SkyWest from $100.00 to $114.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. 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 research report on Tuesday, November 5th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, SkyWest currently has an average rating of “Moderate Buy” and an average price target of $105.75.

SkyWest Stock Down 0.3 %

Shares of NASDAQ:SKYW opened at $114.43 on Tuesday. The company has a 50 day moving average of $99.19 and a 200-day moving average of $85.41. SkyWest, Inc. has a one year low of $47.32 and a one year high of $117.51. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 19.56 and a beta of 1.93. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, October 31st. The transportation company reported $2.16 EPS for the quarter, beating the consensus estimate of $1.92 by $0.24. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The company had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. During the same quarter in the previous year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 19.1% compared to the same quarter last year. On average, sell-side analysts forecast that SkyWest, Inc. will post 7.16 earnings per share for the current year.

Insider Buying and Selling at SkyWest

In related news, CAO Eric Woodward sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $111.53, for a total value of $446,120.00. Following the completion of the sale, the chief accounting officer now owns 44,426 shares in the company, valued at $4,954,831.78. This represents a 8.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ronald J. Mittelstaedt sold 25,000 shares of SkyWest stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $112.06, for a total value of $2,801,500.00. Following the transaction, the director now owns 11,283 shares in the company, valued at approximately $1,264,372.98. This represents a 68.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 92,467 shares of company stock valued at $10,082,596. 2.00% of the stock is currently owned by company insiders.

SkyWest Company 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.