26,969 Shares in SkyWest, Inc. (NASDAQ:SKYW) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of SkyWest, Inc. (NASDAQ:SKYW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 26,969 shares of the transportation company’s stock, valued at approximately $2,700,000.

A number of other institutional investors have also recently made changes to their positions in SKYW. Glenmede Trust Co. NA increased its position in shares of SkyWest by 0.9% during the third quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock worth $921,000 after buying an additional 98 shares during the period. Louisiana State Employees Retirement System boosted its position in SkyWest by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock valued at $1,953,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in SkyWest by 1.1% during the 4th 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 during the period. Highland Capital Management LLC raised its position in shares of SkyWest by 6.1% in the 4th 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. Finally, GAMMA Investing LLC lifted its stake in shares of SkyWest by 14.4% in the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 196 shares during the period. Institutional investors own 81.30% of the company’s stock.

Insider Buying and Selling at SkyWest

In related news, CFO Robert J. Simmons sold 6,000 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the sale, the chief financial officer now owns 175,067 shares in the company, valued at $19,882,359.19. This represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Greg Wooley sold 14,545 shares of the firm’s 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 in the company, valued at approximately $7,267,563.01. The trade was a 17.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

SkyWest Trading Down 2.1 %

NASDAQ:SKYW opened at $88.76 on Friday. SkyWest, Inc. has a 12 month low of $64.61 and a 12 month high of $135.57. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $3.58 billion, a price-to-earnings ratio of 11.42 and a beta of 2.00. The firm has a fifty day simple moving average of $101.66 and a two-hundred day simple moving average of $100.44.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm posted $0.42 earnings per share. Analysts expect that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

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.