CWA Asset Management Group LLC Increases Position in SkyWest, Inc. (NASDAQ:SKYW)

CWA Asset Management Group LLC boosted its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 19.1% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,802 shares of the transportation company’s stock after purchasing an additional 1,410 shares during the period. CWA Asset Management Group LLC’s holdings in SkyWest were worth $881,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its holdings in SkyWest by 90.2% in the 2nd quarter. Victory Capital Management Inc. now owns 551,060 shares of the transportation company’s stock worth $45,225,000 after acquiring an additional 261,349 shares in the last quarter. American Century Companies Inc. increased its stake in shares of SkyWest by 16.8% during the second quarter. American Century Companies Inc. now owns 1,151,578 shares of the transportation company’s stock worth $94,510,000 after purchasing an additional 165,670 shares in the last quarter. FMR LLC raised its position in shares of SkyWest by 42.2% during the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock worth $41,162,000 after purchasing an additional 143,661 shares during the last quarter. Barclays PLC lifted its stake in SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock valued at $13,002,000 after buying an additional 129,901 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in SkyWest by 27.7% in the 2nd quarter. Millennium Management LLC now owns 445,990 shares of the transportation company’s stock worth $36,602,000 after buying an additional 96,830 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Trading Up 0.3 %

Shares of SKYW opened at $107.84 on Wednesday. SkyWest, Inc. has a 12-month low of $48.28 and a 12-month high of $117.51. The firm has a market capitalization of $4.35 billion, a P/E ratio of 18.43 and a beta of 1.98. The firm has a 50-day moving average price of $107.02 and a 200 day moving average price of $90.37. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.24. The business had revenue of $912.79 million during the quarter, compared to analysts’ expectations of $896.21 million. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The business’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.55 EPS. Sell-side analysts forecast that SkyWest, Inc. will post 7.16 EPS for the current year.

Insider Buying and Selling

In other news, CEO Russell A. Childs sold 27,903 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total value of $3,110,347.41. Following the sale, the chief executive officer now directly owns 349,548 shares of the company’s stock, valued at approximately $38,964,115.56. The trade was a 7.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Eric Woodward sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total transaction of $446,120.00. Following the transaction, the chief accounting officer now directly owns 44,426 shares of the company’s stock, valued at $4,954,831.78. The trade was a 8.26 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 92,467 shares of company stock worth $10,082,596. Company insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on SKYW. Raymond James increased their target price on SkyWest from $114.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, December 30th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a research note on Friday, November 15th. Finally, TD Cowen raised their target price on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $107.25.

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.