SkyWest, Inc. (NASDAQ:SKYW) Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,101 shares of the transportation company’s stock after buying an additional 381 shares during the period. Quadrant Capital Group LLC’s holdings in SkyWest were worth $110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in shares of SkyWest by 16.4% during the third quarter. American Century Companies Inc. now owns 721,053 shares of the transportation company’s stock valued at $30,241,000 after purchasing an additional 101,459 shares during the last quarter. Seven Eight Capital LP bought a new position in SkyWest during the 3rd quarter worth $833,000. Anchor Capital Advisors LLC grew its stake in SkyWest by 13.5% during the 4th quarter. Anchor Capital Advisors LLC now owns 26,618 shares of the transportation company’s stock worth $1,389,000 after buying an additional 3,172 shares during the last quarter. QRG Capital Management Inc. increased its position in SkyWest by 91.1% in the fourth quarter. QRG Capital Management Inc. now owns 13,662 shares of the transportation company’s stock worth $713,000 after buying an additional 6,513 shares during the period. Finally, Illinois Municipal Retirement Fund bought a new stake in SkyWest in the third quarter valued at $1,115,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Price Performance

Shares of NASDAQ:SKYW opened at $73.60 on Friday. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 26.57 and a beta of 1.89. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.81 and a quick ratio of 0.72. SkyWest, Inc. has a 12 month low of $28.07 and a 12 month high of $79.56. The stock’s 50 day moving average price is $71.32 and its 200 day moving average price is $59.58.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.21. SkyWest had a return on equity of 5.45% and a net margin of 3.83%. The company had revenue of $804.00 million for the quarter, compared to the consensus estimate of $800.07 million. During the same quarter in the previous year, the business earned ($0.45) EPS. The company’s quarterly revenue was up 16.4% compared to the same quarter last year. Equities research analysts anticipate that SkyWest, Inc. will post 6.81 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SKYW. StockNews.com upgraded shares of SkyWest from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Raymond James raised their price target on shares of SkyWest from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen upgraded SkyWest from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $55.00 to $68.00 in a research report on Monday, February 5th. Evercore ISI lifted their target price on SkyWest from $60.00 to $70.00 and gave the company an “in-line” rating in a research note on Thursday, April 4th. Finally, TheStreet upgraded SkyWest from a “c” rating to a “b-” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, SkyWest presently has an average rating of “Moderate Buy” and a consensus price target of $62.25.

Insider Buying and Selling at SkyWest

In related news, Director James L. Welch sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $66.72, for a total value of $133,440.00. Following the sale, the director now directly owns 56,067 shares in the company, valued at approximately $3,740,790.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other SkyWest news, insider Wade J. Steel sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $77.10, for a total transaction of $1,156,500.00. Following the sale, the insider now owns 116,733 shares in the company, valued at approximately $9,000,114.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James L. Welch sold 2,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $66.72, for a total transaction of $133,440.00. Following the completion of the transaction, the director now owns 56,067 shares of the company’s stock, valued at $3,740,790.24. The disclosure for this sale can be found here. In the last three months, insiders sold 49,286 shares of company stock valued at $3,777,576. 2.00% of the stock is owned by 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.