8,357 Shares in SkyWest, Inc. (NASDAQ:SKYW) Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP bought a new stake in SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 8,357 shares of the transportation company's stock, valued at approximately $837,000.

Several other hedge funds have also bought and sold shares of the stock. Wealthfront Advisers LLC purchased a new stake in shares of SkyWest during the 4th quarter valued at $146,935,000. American Century Companies Inc. raised its position in SkyWest by 7.5% during the fourth quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company's stock valued at $139,211,000 after purchasing an additional 97,108 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in SkyWest by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company's stock worth $71,028,000 after purchasing an additional 26,561 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of SkyWest by 4.2% in the 4th quarter. Invesco Ltd. now owns 543,009 shares of the transportation company's stock worth $54,371,000 after purchasing an additional 21,637 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of SkyWest by 57.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 525,722 shares of the transportation company's stock valued at $52,641,000 after purchasing an additional 192,543 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SkyWest

In related news, CFO Robert J. Simmons sold 6,000 shares of the 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 completion of the transaction, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Greg Wooley sold 14,545 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the transaction, the vice president now directly owns 68,737 shares of the company's stock, valued at $7,267,563.01. This represents 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.

SkyWest Trading Up 0.6 %

NASDAQ:SKYW opened at $94.39 on Tuesday. The firm has a market capitalization of $3.82 billion, a P/E ratio of 12.15 and a beta of 1.88. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The company has a fifty day moving average of $88.17 and a 200 day moving average of $100.76. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The transportation company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $2.04 by $0.38. The business had revenue of $948.46 million during the quarter, compared to analyst estimates of $946.13 million. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. SkyWest's quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.45 EPS. On average, research analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.

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