Magnetar Financial LLC Invests $396,000 in SkyWest, Inc. (NASDAQ:SKYW)

Magnetar Financial LLC purchased a new position in SkyWest, Inc. (NASDAQ:SKYW) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,958 shares of the transportation company’s stock, valued at approximately $396,000.

Other large investors also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new stake in SkyWest in the third quarter worth $31,000. Private Trust Co. NA increased its position in SkyWest by 157.1% in the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock worth $49,000 after purchasing an additional 300 shares during the last quarter. Sound Income Strategies LLC bought a new stake in SkyWest in the fourth quarter worth $50,000. Jones Financial Companies Lllp increased its position in SkyWest by 117.2% in the fourth quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company’s stock worth $83,000 after purchasing an additional 449 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in SkyWest by 193.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company’s stock worth $87,000 after purchasing an additional 569 shares during the last quarter. Institutional investors own 81.30% of the company’s stock.

SkyWest Trading Up 0.8 %

SKYW stock opened at $91.12 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a twelve month low of $64.61 and a twelve month high of $135.57. The stock has a market capitalization of $3.67 billion, a price-to-earnings ratio of 11.73 and a beta of 2.00. The firm’s fifty day simple moving average is $103.29 and its two-hundred day simple moving average is $99.84.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, beating 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 previous year, the business earned $0.42 EPS. As a group, analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Raymond James restated an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st.

Insider Buying and Selling at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of the company’s stock in a transaction dated 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 directly owns 68,737 shares in the company, valued at approximately $7,267,563.01. This represents a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the completion of the transaction, the chief financial officer now owns 175,067 shares in the company, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

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.