SkyWest, Inc. (NASDAQ:SKYW) Position Lowered by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC reduced its position in SkyWest, Inc. (NASDAQ:SKYW) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,487 shares of the transportation company’s stock after selling 3,119 shares during the quarter. Anchor Capital Advisors LLC’s holdings in SkyWest were worth $1,951,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings in shares of SkyWest by 658.3% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 5,073 shares of the transportation company’s stock valued at $431,000 after acquiring an additional 4,404 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in SkyWest by 8,402.9% in the third quarter. International Assets Investment Management LLC now owns 2,891 shares of the transportation company’s stock worth $246,000 after purchasing an additional 2,857 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in SkyWest during the third quarter valued at $226,000. Janney Montgomery Scott LLC raised its holdings in shares of SkyWest by 2.6% during the third quarter. Janney Montgomery Scott LLC now owns 20,249 shares of the transportation company’s stock worth $1,722,000 after purchasing an additional 516 shares during the period. Finally, Hanseatic Management Services Inc. lifted its position in shares of SkyWest by 2.6% in the 3rd quarter. Hanseatic Management Services Inc. now owns 12,443 shares of the transportation company’s stock worth $1,058,000 after buying an additional 316 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Insider Buying and Selling

In other news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the transaction, the vice president now owns 68,737 shares of the company’s stock, valued at $7,267,563.01. The trade was a 17.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction that occurred 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 disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

SkyWest Price Performance

Shares of SKYW opened at $98.91 on Friday. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 12.73 and a beta of 1.98. The stock’s fifty day moving average is $108.23 and its 200-day moving average is $98.07. SkyWest, Inc. has a one year low of $61.60 and a one year high of $135.57. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business posted $0.42 EPS. Equities analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

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.