Aquatic Capital Management LLC Cuts Position in SkyWest, Inc. (NASDAQ:SKYW)

Aquatic Capital Management LLC trimmed its position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 45.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,134 shares of the transportation company's stock after selling 5,166 shares during the quarter. Aquatic Capital Management LLC's holdings in SkyWest were worth $614,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SKYW. JPMorgan Chase & Co. raised its position in shares of SkyWest by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company's stock worth $30,396,000 after acquiring an additional 11,169 shares during the period. Barclays PLC increased its stake in shares of 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 purchasing an additional 129,901 shares in the last quarter. Savant Capital LLC acquired a new position in SkyWest in the 4th quarter worth about $242,000. Tidal Investments LLC purchased a new position in SkyWest during the third quarter worth approximately $648,000. Finally, Smartleaf Asset Management LLC grew its holdings in SkyWest by 193.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company's stock valued at $87,000 after purchasing an additional 569 shares during the period. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SKYW shares. StockNews.com raised 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 decreased their price objective for the company from $119.00 to $117.00 in a report on Tuesday, April 8th. Finally, Raymond James lowered their price objective on SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd.

Insider Buying and Selling at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of the firm'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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the firm'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 transaction, the chief financial officer now owns 175,067 shares of the company's stock, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

SkyWest Price Performance

SKYW traded up $0.13 on Tuesday, reaching $94.52. 110,885 shares of the company's stock were exchanged, compared to its average volume of 393,788. The stock has a market cap of $3.82 billion, a PE ratio of 12.17 and a beta of 1.88. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. SkyWest, Inc. has a twelve month low of $64.61 and a twelve month high of $135.57. The stock's fifty day moving average price is $88.17 and its 200-day moving average price is $100.76.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, beating 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 business had revenue of $948.46 million during the quarter, compared to analyst estimates of $946.13 million. During the same period in the prior year, the business earned $1.45 earnings per share. The business's revenue was up 18.0% compared to the same quarter last year. Sell-side analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

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.