O Shaughnessy Asset Management LLC Purchases 10,985 Shares of SkyWest, Inc. (NASDAQ:SKYW)

O Shaughnessy Asset Management LLC raised its position in SkyWest, Inc. (NASDAQ:SKYW) by 29.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,217 shares of the transportation company’s stock after purchasing an additional 10,985 shares during the period. O Shaughnessy Asset Management LLC owned approximately 0.12% of SkyWest worth $4,828,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in SkyWest by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock worth $1,953,000 after buying an additional 100 shares during the period. Oregon Public Employees Retirement Fund grew its stake in SkyWest by 1.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock valued at $951,000 after acquiring an additional 100 shares during the period. Highland Capital Management LLC increased its holdings in shares of SkyWest by 6.1% in the fourth quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock worth $279,000 after acquiring an additional 160 shares in the last quarter. GAMMA Investing LLC raised its position in shares of SkyWest by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock worth $156,000 after purchasing an additional 196 shares during the period. Finally, Handelsbanken Fonder AB lifted its holdings in shares of SkyWest by 2.6% during the 4th quarter. Handelsbanken Fonder AB now owns 7,800 shares of the transportation company’s stock valued at $781,000 after purchasing an additional 200 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Raymond James dropped their target price on shares of SkyWest from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday.

SkyWest Stock Up 3.1 %

SKYW stock opened at $90.83 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The stock has a market capitalization of $3.69 billion, a P/E ratio of 11.69 and a beta of 2.00. SkyWest, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $135.57. The business has a 50-day moving average of $100.19 and a 200-day moving average of $100.71.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping 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 quarter in the prior year, the company posted $0.42 earnings per share. On average, sell-side analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Insider Buying and Selling at SkyWest

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 shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the sale, the chief financial officer now directly owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the completion of the transaction, the vice president now directly owns 68,737 shares of the company’s stock, valued at approximately $7,267,563.01. This trade 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 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.