SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Squarepoint Ops LLC

Squarepoint Ops LLC lowered its position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 29.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,872 shares of the transportation company's stock after selling 28,776 shares during the quarter. Squarepoint Ops LLC owned 0.17% of SkyWest worth $6,896,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in SKYW. New Age Alpha Advisors LLC acquired a new position in SkyWest in the 4th quarter worth $39,000. Headlands Technologies LLC bought a new stake in shares of SkyWest in the 4th quarter worth about $45,000. Private Trust Co. NA increased its position in shares of SkyWest by 157.1% in the 4th quarter. Private Trust Co. NA now owns 491 shares of the transportation company's stock worth $49,000 after purchasing an additional 300 shares during the last quarter. Sound Income Strategies LLC bought a new stake in shares of SkyWest in the 4th quarter worth about $50,000. Finally, Jones Financial Companies Lllp increased its position in shares of SkyWest by 117.2% in the 4th quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company's stock worth $83,000 after purchasing an additional 449 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company's stock.

SkyWest Stock Performance

Shares of NASDAQ:SKYW traded down $0.93 during trading on Friday, reaching $101.43. 51,838 shares of the company's stock traded hands, compared to its average volume of 393,992. 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 12 month low of $64.61 and a 12 month high of $135.57. The company has a 50 day moving average of $91.92 and a 200-day moving average of $100.72. The stock has a market capitalization of $4.10 billion, a P/E ratio of 13.07 and a beta of 1.88.

SkyWest (NASDAQ:SKYW - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The transportation company reported $2.42 earnings per share for the quarter, beating 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 the consensus estimate of $946.13 million. During the same quarter in the prior year, the firm earned $1.45 EPS. The company's revenue for the quarter was up 18.0% compared to the same quarter last year. On average, equities analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

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

Insider Activity at SkyWest

In related news, CEO Russell A. Childs sold 17,000 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $100.91, for a total transaction of $1,715,470.00. Following the completion of the sale, the chief executive officer now owns 449,242 shares of the company's stock, valued at $45,333,010.22. This represents a 3.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

SKYW has been the subject of several research analyst reports. The Goldman Sachs Group raised shares of SkyWest from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $119.00 to $117.00 in a research report on Tuesday, April 8th. Wall Street Zen raised shares of SkyWest from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, Raymond James dropped their target price 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.

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.