New York State Teachers Retirement System trimmed its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 59,906 shares of the transportation company's stock after selling 18,394 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of SkyWest worth $3,127,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Swiss National Bank raised its holdings in shares of SkyWest by 7.6% during the 1st quarter. Swiss National Bank now owns 29,800 shares of the transportation company's stock worth $860,000 after buying an additional 2,100 shares in the last quarter. US Bancorp DE raised its holdings in shares of SkyWest by 39.5% during the 1st quarter. US Bancorp DE now owns 3,911 shares of the transportation company's stock worth $112,000 after buying an additional 1,107 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of SkyWest by 49.9% during the 1st quarter. HighTower Advisors LLC now owns 15,968 shares of the transportation company's stock worth $460,000 after buying an additional 5,318 shares in the last quarter. Citigroup Inc. raised its holdings in shares of SkyWest by 7.6% during the 1st quarter. Citigroup Inc. now owns 74,418 shares of the transportation company's stock worth $2,147,000 after buying an additional 5,243 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of SkyWest by 56.8% during the 1st quarter. MetLife Investment Management LLC now owns 26,137 shares of the transportation company's stock worth $754,000 after buying an additional 9,464 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors.
Insider Activity at SkyWest
In related news, Director James L. Welch sold 2,000 shares of the company's stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $66.72, for a total transaction of $133,440.00. Following the sale, the director now owns 56,067 shares in the company, valued at approximately $3,740,790.24. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is owned by corporate insiders.
SkyWest Trading Down 0.3 %
Shares of SKYW stock traded down $0.21 on Tuesday, hitting $66.69. The company had a trading volume of 349,912 shares, compared to its average volume of 473,757. The firm has a market cap of $2.69 billion, a P/E ratio of 76.66 and a beta of 1.95. The stock's 50-day moving average is $65.01 and its two-hundred day moving average is $53.34. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.80 and a current ratio of 0.90. SkyWest, Inc. has a twelve month low of $23.37 and a twelve month high of $71.15.
SkyWest (NASDAQ:SKYW - Get Free Report) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.31. SkyWest had a return on equity of 1.59% and a net margin of 1.17%. The company had revenue of $751.80 million during the quarter, compared to analysts' expectations of $758.41 million. During the same quarter in the prior year, the firm posted ($0.93) earnings per share. The business's quarterly revenue was up 10.4% on a year-over-year basis. On average, equities research analysts anticipate that SkyWest, Inc. will post 6.39 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
SKYW has been the subject of a number of recent research reports. TD Cowen raised SkyWest from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $55.00 to $68.00 in a report on Monday, February 5th. Evercore ISI upped their target price on SkyWest from $60.00 to $70.00 and gave the stock an "in-line" rating in a report on Thursday, April 4th. StockNews.com raised SkyWest from a "hold" rating to a "buy" rating in a report on Monday, February 5th. TheStreet raised SkyWest from a "c" rating to a "b-" rating in a report on Friday, February 2nd. Finally, Raymond James upped their target price on SkyWest from $55.00 to $65.00 and gave the stock an "outperform" rating in a report on Friday, February 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, SkyWest has a consensus rating of "Moderate Buy" and an average target price of $62.25.
View Our Latest Report on SKYW
SkyWest Company Profile
(
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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