Steward Partners Investment Advisory LLC Trims Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Steward Partners Investment Advisory LLC decreased its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 42.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 287 shares of the transportation company’s stock after selling 212 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SkyWest were worth $29,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in SkyWest during the third quarter worth approximately $31,000. Private Trust Co. NA lifted its position in SkyWest by 157.1% during the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock worth $49,000 after buying an additional 300 shares in the last quarter. Sound Income Strategies LLC purchased a new position in SkyWest during the fourth quarter worth approximately $50,000. Jones Financial Companies Lllp lifted its position in SkyWest by 117.2% during the fourth quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company’s stock worth $83,000 after buying an additional 449 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in SkyWest by 193.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company’s stock worth $87,000 after buying an additional 569 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

SkyWest Price Performance

NASDAQ:SKYW opened at $90.45 on Thursday. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $3.65 billion, a P/E ratio of 11.64 and a beta of 2.00. The stock’s fifty day moving average is $104.10 and its two-hundred day moving average is $99.64.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating 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. Equities analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

Analysts Set New Price Targets

Separately, Raymond James reiterated an “outperform” rating and set a $130.00 price objective (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

Insider Buying and Selling 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 stock was 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value 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. Company insiders own 2.00% of the company’s stock.

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.