2,750 Shares in SkyWest, Inc. (NASDAQ:SKYW) Acquired by Corton Capital Inc.

Corton Capital Inc. acquired a new position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,750 shares of the transportation company's stock, valued at approximately $275,000.

A number of other institutional investors have also recently added to or reduced their stakes in SKYW. Louisiana State Employees Retirement System grew its position in shares of SkyWest by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company's stock worth $1,953,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in SkyWest by 1.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company's stock worth $951,000 after purchasing an additional 100 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in shares of SkyWest by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 4,145 shares of the transportation company's stock valued at $415,000 after purchasing an additional 131 shares during the period. Highland Capital Management LLC raised its holdings in shares of SkyWest by 6.1% during the fourth quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company's stock valued at $279,000 after buying an additional 160 shares during the last quarter. Finally, Comerica Bank boosted its position in shares of SkyWest by 1.1% during the fourth quarter. Comerica Bank now owns 14,786 shares of the transportation company's stock worth $1,481,000 after buying an additional 161 shares during the period. 81.30% of the stock is currently owned by institutional investors.

SkyWest Stock Performance

Shares of NASDAQ SKYW opened at $94.07 on Wednesday. SkyWest, Inc. has a 1 year low of $64.61 and a 1 year high of $135.57. The firm has a market cap of $3.81 billion, a P/E ratio of 12.11 and a beta of 1.88. The stock has a fifty day moving average price of $88.09 and a two-hundred day moving average price of $100.72. 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 - Get Free Report) last released its earnings results on Thursday, April 24th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.38. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. The firm had revenue of $948.46 million for the quarter, compared to analyst estimates of $946.13 million. During the same period in the previous year, the company earned $1.45 earnings per share. SkyWest's revenue was up 18.0% compared to the same quarter last year. Research analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on SKYW shares. Raymond James lowered their target price on SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. StockNews.com upgraded shares of SkyWest from a "hold" rating to a "buy" rating in a research note on Monday. Finally, The Goldman Sachs Group upgraded shares of SkyWest from a "neutral" rating to a "buy" rating and decreased their target price for the company from $119.00 to $117.00 in a research report on Tuesday, April 8th.

Insider Buying and Selling

In related news, CFO Robert J. Simmons sold 6,000 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the transaction, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Greg Wooley sold 14,545 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was 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 $7,267,563.01. This trade represents a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

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.

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