SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. reduced its stake in SkyWest, Inc. (NASDAQ:SKYW) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,172 shares of the transportation company’s stock after selling 271 shares during the period. SkyWest accounts for about 1.5% of Hanseatic Management Services Inc.’s holdings, making the stock its 20th biggest position. Hanseatic Management Services Inc.’s holdings in SkyWest were worth $1,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of SKYW. FMR LLC boosted its position in shares of SkyWest by 42.2% in the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock valued at $41,162,000 after purchasing an additional 143,661 shares during the period. Barclays PLC lifted its stake in SkyWest by 563.8% in the third quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock valued at $13,002,000 after buying an additional 129,901 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of SkyWest by 27.7% in the second quarter. Millennium Management LLC now owns 445,990 shares of the transportation company’s stock valued at $36,602,000 after acquiring an additional 96,830 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of SkyWest by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock worth $58,051,000 after acquiring an additional 76,007 shares during the last quarter. Finally, SW Investment Management LLC increased its holdings in shares of SkyWest by 13.2% in the 2nd quarter. SW Investment Management LLC now owns 600,000 shares of the transportation company’s stock valued at $49,242,000 after acquiring an additional 70,000 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.

SkyWest Stock Up 0.3 %

Shares of SkyWest stock opened at $109.29 on Friday. The company has a market cap of $4.41 billion, a P/E ratio of 18.68 and a beta of 1.98. The firm has a fifty day moving average of $108.12 and a two-hundred day moving average of $92.08. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.76 and a current ratio of 0.86. SkyWest, Inc. has a one year low of $48.42 and a one year high of $117.51.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. During the same period in the prior year, the company posted $0.55 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. On average, analysts forecast that SkyWest, Inc. will post 7.17 earnings per share for the current year.

Insider Activity

In other SkyWest news, insider Wade J. Steel sold 19,079 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total value of $1,993,373.92. Following the completion of the transaction, the insider now owns 97,654 shares in the company, valued at approximately $10,202,889.92. This represents a 16.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Robert J. Simmons sold 16,485 shares of the firm’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $105.02, for a total value of $1,731,254.70. Following the completion of the sale, the chief financial officer now directly owns 113,539 shares of the company’s stock, valued at approximately $11,923,865.78. This trade represents a 12.68 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 92,467 shares of company stock valued at $10,082,596 in the last three months. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SKYW shares. Raymond James increased their price target on shares of SkyWest from $114.00 to $120.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. The Goldman Sachs Group reiterated a “neutral” rating and set a $119.00 target price on shares of SkyWest in a research note on Friday, November 15th. Finally, TD Cowen boosted their price target on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $107.25.

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.