Segall Bryant & Hamill LLC Sells 3,931 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Segall Bryant & Hamill LLC decreased its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 12.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,632 shares of the transportation company’s stock after selling 3,931 shares during the quarter. Segall Bryant & Hamill LLC owned about 0.07% of SkyWest worth $2,434,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of SKYW. Mitsubishi UFJ Trust & Banking Corp acquired a new position in shares of SkyWest during the 1st quarter worth about $90,000. CANADA LIFE ASSURANCE Co raised its holdings in SkyWest by 4.3% in the first quarter. CANADA LIFE ASSURANCE Co now owns 34,403 shares of the transportation company’s stock worth $2,375,000 after purchasing an additional 1,414 shares during the period. EntryPoint Capital LLC acquired a new stake in SkyWest in the first quarter worth $77,000. Lazard Asset Management LLC lifted its holdings in SkyWest by 81.6% during the first quarter. Lazard Asset Management LLC now owns 1,678 shares of the transportation company’s stock worth $115,000 after acquiring an additional 754 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of 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 valued at $1,846,000 after purchasing an additional 1,559 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Price Performance

NASDAQ:SKYW opened at $111.90 on Friday. SkyWest, Inc. has a 52-week low of $45.42 and a 52-week high of $116.47. The company has a market cap of $4.51 billion, a P/E ratio of 19.13 and a beta of 1.93. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.86. The stock’s 50-day simple moving average is $95.13 and its 200 day simple moving average is $83.74.

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

Insider Buying and Selling at SkyWest

In other news, Director Ronald J. Mittelstaedt sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 11,283 shares of the company’s stock, valued at $1,264,372.98. This trade represents a 68.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Eric Woodward sold 4,000 shares of SkyWest stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total value of $446,120.00. Following the transaction, the chief accounting officer now owns 44,426 shares of the company’s stock, valued at $4,954,831.78. This represents a 8.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 92,467 shares of company stock worth $10,082,596 over the last quarter. 2.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SKYW shares. TD Cowen upped their target price on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group reiterated a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Finally, Raymond James lifted their target price on SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.75.

About SkyWest

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.