Bailard Inc. Sells 2,100 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Bailard Inc. cut its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 23.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,800 shares of the transportation company’s stock after selling 2,100 shares during the quarter. Bailard Inc.’s holdings in SkyWest were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in SkyWest by 193.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company’s stock worth $87,000 after acquiring an additional 569 shares in the last quarter. Private Trust Co. NA boosted its stake in SkyWest by 157.1% during the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock worth $49,000 after acquiring an additional 300 shares in the last quarter. Versor Investments LP boosted its stake in SkyWest by 73.8% during the fourth quarter. Versor Investments LP now owns 15,119 shares of the transportation company’s stock worth $1,514,000 after acquiring an additional 6,419 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in SkyWest by 1.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock worth $951,000 after acquiring an additional 100 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its stake in SkyWest by 2.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 22,374 shares of the transportation company’s stock worth $2,240,000 after acquiring an additional 638 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Greg Wooley sold 14,545 shares of the stock in a transaction that occurred on 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 transaction, the vice president now owns 68,737 shares in the company, valued at $7,267,563.01. This represents a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

SkyWest Trading Down 2.5 %

Shares of NASDAQ SKYW opened at $96.45 on Tuesday. The firm’s 50 day moving average price is $108.06 and its 200-day moving average price is $98.78. The company has a market cap of $3.89 billion, a PE ratio of 12.41 and a beta of 1.98. SkyWest, Inc. has a 52-week low of $64.30 and a 52-week 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 announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating 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 earned $0.42 EPS. On average, equities research analysts expect that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

About SkyWest

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.