LMG Wealth Partners LLC Acquires 1,326 Shares of SkyWest, Inc. (NASDAQ:SKYW)

LMG Wealth Partners LLC increased its stake in SkyWest, Inc. (NASDAQ:SKYW) by 7.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,891 shares of the transportation company’s stock after acquiring an additional 1,326 shares during the quarter. LMG Wealth Partners LLC’s holdings in SkyWest were worth $1,992,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of SKYW. Ieq Capital LLC bought a new stake in SkyWest in the fourth quarter valued at $313,000. Atria Wealth Solutions Inc. acquired a new stake in shares of SkyWest in the 4th quarter valued at about $254,000. Sanctuary Advisors LLC increased its position in SkyWest by 22.1% in the 4th quarter. Sanctuary Advisors LLC now owns 3,346 shares of the transportation company’s stock valued at $335,000 after buying an additional 605 shares in the last quarter. Principal Financial Group Inc. raised its stake in SkyWest by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 226,601 shares of the transportation company’s stock worth $22,690,000 after buying an additional 10,027 shares during the period. Finally, Legato Capital Management LLC boosted its holdings in SkyWest by 7.9% in the fourth quarter. Legato Capital Management LLC now owns 14,676 shares of the transportation company’s stock worth $1,470,000 after acquiring an additional 1,071 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 target price on shares of SkyWest in a research report on Friday, November 15th. TD Cowen upped their price objective on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Finally, Raymond James reiterated an “outperform” rating and set a $130.00 price objective (up from $120.00) on shares of SkyWest in a report on Friday, January 31st.

SkyWest Trading Down 3.2 %

NASDAQ SKYW opened at $100.94 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $108.91 and a 200 day simple moving average of $97.13. SkyWest, Inc. has a 12 month low of $58.58 and a 12 month high of $135.57. The firm has a market capitalization of $4.07 billion, a P/E ratio of 12.99 and a beta of 1.98.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same period in the prior year, the company earned $0.42 earnings per share. On average, analysts predict that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of the company’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 completion of the transaction, the chief financial officer now owns 175,067 shares in the company, valued at $19,882,359.19. This represents a 3.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.00% of the company’s stock.

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.