Capital Fund Management S.A. Buys New Stake in SkyWest, Inc. (NASDAQ:SKYW)

Capital Fund Management S.A. bought a new position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,941 shares of the transportation company's stock, valued at approximately $1,396,000.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in SkyWest by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company's stock valued at $30,396,000 after acquiring an additional 11,169 shares during the last quarter. Barclays PLC boosted its position in SkyWest by 563.8% during the third 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 purchased a new position in shares of SkyWest in the 4th quarter worth approximately $242,000. Tidal Investments LLC purchased a new position in SkyWest in the third quarter worth $648,000. Finally, Smartleaf Asset Management LLC raised its stake 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 buying an additional 569 shares during the last quarter. 81.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction that occurred on Monday, February 10th. The shares were 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 $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP Greg Wooley sold 14,545 shares of the firm's stock in a transaction on 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 sale, the vice president now directly owns 68,737 shares of the company's stock, valued at approximately $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

SkyWest Stock Down 2.9 %

Shares of NASDAQ SKYW traded down $2.46 during mid-day trading on Monday, hitting $82.92. The company had a trading volume of 36,067 shares, compared to its average volume of 397,849. The business's 50-day simple moving average is $91.39 and its 200 day simple moving average is $100.90. The company has a market capitalization of $3.37 billion, a PE ratio of 10.70 and a beta of 1.83. SkyWest, Inc. has a 1-year low of $64.61 and a 1-year high of $135.57. 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 (NASDAQ:SKYW - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same period in the prior year, the firm earned $0.42 earnings per share. On average, analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current year.

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.