Harvest Investment Services LLC Has $5.21 Million Stake in SkyWest, Inc. (NASDAQ:SKYW)

Harvest Investment Services LLC boosted its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 97.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,056 shares of the transportation company's stock after purchasing an additional 25,646 shares during the period. SkyWest accounts for about 1.3% of Harvest Investment Services LLC's investment portfolio, making the stock its 15th biggest holding. Harvest Investment Services LLC owned 0.13% of SkyWest worth $5,212,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in SkyWest by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company's stock worth $30,396,000 after purchasing an additional 11,169 shares during the period. Barclays PLC grew its stake in SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company's stock valued at $13,002,000 after buying an additional 129,901 shares during the last quarter. Savant Capital LLC acquired a new position in SkyWest in the 4th quarter valued at about $242,000. Tidal Investments LLC bought a new position in SkyWest in the 3rd quarter valued at about $648,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of SkyWest by 193.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company's stock worth $87,000 after acquiring an additional 569 shares during the period. 81.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SkyWest

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the business'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 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Robert J. Simmons sold 6,000 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 175,067 shares of the company's stock, valued at $19,882,359.19. This trade represents a 3.31 % 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

SkyWest stock traded down $1.18 during mid-day trading on Friday, reaching $87.92. 517,125 shares of the company were exchanged, compared to its average volume of 395,113. The firm has a market cap of $3.57 billion, a PE ratio of 11.32 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. The company has a fifty day simple moving average of $89.16 and a 200-day simple moving average of $100.81. SkyWest, Inc. has a 12 month low of $64.61 and a 12 month high of $135.57.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued 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 14.17% and a net margin of 9.15%. The company had revenue of $948.46 million for the quarter, compared to analysts' expectations of $946.13 million. As a group, equities research analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on SKYW shares. The Goldman Sachs Group upgraded SkyWest from a "neutral" rating to a "buy" rating and lowered their target price for the stock from $119.00 to $117.00 in a research note on Tuesday, April 8th. Raymond James dropped their target price on SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Finally, StockNews.com downgraded shares of SkyWest from a "buy" rating to a "hold" rating in a research note 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.