Diversified Trust Co Boosts Stock Position in SkyWest, Inc. (NASDAQ:SKYW)

Diversified Trust Co lifted its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 135.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,821 shares of the transportation company's stock after acquiring an additional 6,224 shares during the quarter. Diversified Trust Co's holdings in SkyWest were worth $945,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. CWA Asset Management Group LLC lifted its holdings in shares of SkyWest by 26.8% during the 1st quarter. CWA Asset Management Group LLC now owns 11,160 shares of the transportation company's stock worth $975,000 after acquiring an additional 2,358 shares during the period. Ritholtz Wealth Management lifted its stake in SkyWest by 24.4% during the first quarter. Ritholtz Wealth Management now owns 16,319 shares of the transportation company's stock worth $1,426,000 after purchasing an additional 3,203 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in SkyWest by 5.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 3,322 shares of the transportation company's stock valued at $290,000 after purchasing an additional 186 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of SkyWest by 50.0% in the 1st quarter. Handelsbanken Fonder AB now owns 11,700 shares of the transportation company's stock valued at $1,022,000 after purchasing an additional 3,900 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of SkyWest in the 1st quarter worth approximately $1,007,000. Institutional investors own 81.30% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SKYW shares. The Goldman Sachs Group raised 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 report on Tuesday, April 8th. Wall Street Zen raised SkyWest from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, Raymond James Financial dropped their target price on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd.

SkyWest Stock Performance

Shares of SKYW traded down $0.57 during midday trading on Monday, reaching $102.83. The stock had a trading volume of 11,411 shares, compared to its average volume of 377,715. The firm has a market cap of $4.16 billion, a PE ratio of 11.80, a P/E/G ratio of 1.27 and a beta of 1.90. The firm has a 50 day simple moving average of $97.59 and a 200-day simple moving average of $98.89. SkyWest, Inc. has a one year low of $64.61 and a one year high of $135.57. The company has a current ratio of 0.76, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted 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 return on equity of 15.41% and a net margin of 9.89%. The business had revenue of $948.46 million during the quarter, compared to analysts' expectations of $946.13 million. During the same quarter last year, the company posted $1.45 earnings per share. SkyWest's quarterly revenue was up 18.0% on a year-over-year basis. As a group, sell-side analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

SkyWest announced that its Board of Directors has approved a stock repurchase program on Wednesday, May 7th that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the transportation company to buy up to 6.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Insiders Place Their Bets

In other SkyWest news, insider Wade J. Steel sold 15,000 shares of the company's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $101.02, for a total value of $1,515,300.00. Following the completion of the transaction, the insider now owns 119,416 shares of the company's stock, valued at $12,063,404.32. This represents a 11.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert J. Simmons sold 17,000 shares of SkyWest stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $103.75, for a total transaction of $1,763,750.00. Following the sale, the chief financial officer now owns 131,203 shares in the company, valued at approximately $13,612,311.25. This represents a 11.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,000 shares of company stock valued at $4,994,520 over the last ninety days. 1.20% of the stock is currently owned by company insiders.

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.