Dark Forest Capital Management LP acquired a new stake in SkyWest, Inc. (NASDAQ:SKYW - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,549 shares of the transportation company's stock, valued at approximately $455,000.
A number of other hedge funds have also bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in SkyWest in the third quarter worth about $31,000. New Age Alpha Advisors LLC bought a new position in SkyWest during the fourth quarter valued at $39,000. Headlands Technologies LLC bought a new position in SkyWest during the fourth quarter valued at $45,000. Private Trust Co. NA increased its position in SkyWest by 157.1% in the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company's stock worth $49,000 after buying an additional 300 shares during the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of SkyWest in the fourth quarter valued at $50,000. 81.30% of the stock is currently owned by institutional investors.
Insiders Place Their Bets
In related news, CFO Robert J. Simmons sold 6,000 shares of the business's stock in a transaction dated 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 owns 175,067 shares in the company, valued at $19,882,359.19. The trade was a 3.31 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 owns 68,737 shares of the company's stock, 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 Price Performance
NASDAQ:SKYW traded up $4.21 during trading hours on Friday, hitting $94.39. The stock had a trading volume of 142,987 shares, compared to its average volume of 393,635. The company has a 50 day simple moving average of $88.38 and a two-hundred day simple moving average of $100.69. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 12.18 and a beta of 1.83. 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 one year low of $64.61 and a one year 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, topping analysts' consensus estimates of $2.04 by $0.38. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. The business had revenue of $948.46 million during the quarter, compared to analysts' expectations of $946.13 million. During the same quarter in the previous year, the company earned $1.45 EPS. The business's quarterly revenue was up 18.0% compared to the same quarter last year. Research analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have recently weighed in on SKYW. Raymond James reduced their target price on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. StockNews.com cut shares of SkyWest from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, The Goldman Sachs Group upgraded 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 research note on Tuesday, April 8th.
Read Our Latest Report on SkyWest
About SkyWest
(
Free Report)
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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