19,992 Shares in SkyWest, Inc. (NASDAQ:SKYW) Bought by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S purchased a new stake in SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,992 shares of the transportation company's stock, valued at approximately $2,002,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Wealthfront Advisers LLC acquired a new position in shares of SkyWest during the 4th quarter worth approximately $146,935,000. American Century Companies Inc. boosted its position in shares of SkyWest by 7.5% during the 4th quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company's stock worth $139,211,000 after acquiring an additional 97,108 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of SkyWest by 3.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company's stock worth $71,028,000 after acquiring an additional 26,561 shares in the last quarter. Invesco Ltd. boosted its position in shares of SkyWest by 4.2% during the 4th quarter. Invesco Ltd. now owns 543,009 shares of the transportation company's stock worth $54,371,000 after acquiring an additional 21,637 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted 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 worth $52,641,000 after acquiring an additional 192,543 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company's stock.

Insider Activity at SkyWest

In related news, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $1,537,842.85. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

SkyWest Price Performance

NASDAQ:SKYW traded down $1.18 on Friday, hitting $87.92. The company had a trading volume of 517,125 shares, compared to its average volume of 395,113. The stock has a market capitalization of $3.57 billion, a price-to-earnings ratio of 11.32 and a beta of 1.83. 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 firm has a 50 day moving average of $89.16 and a two-hundred day moving average of $100.90. 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.04 by $0.38. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. The firm had revenue of $948.46 million during the quarter, compared to the consensus estimate of $946.13 million. On average, research analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Wall Street Analyst Weigh In

SKYW has been the topic of several analyst reports. Raymond James reduced their price target on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. The Goldman Sachs Group upgraded shares of SkyWest from a "neutral" rating to a "buy" rating and reduced their price target for the stock from $119.00 to $117.00 in a research report on Tuesday, April 8th. Finally, StockNews.com lowered shares of SkyWest from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th.

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.