Acuitas Investments LLC Sells 22,038 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Acuitas Investments LLC cut its holdings in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 40.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,968 shares of the transportation company's stock after selling 22,038 shares during the period. Acuitas Investments LLC owned about 0.08% of SkyWest worth $1,669,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. American Century Companies Inc. grew its holdings in shares of SkyWest by 16.4% in the third quarter. American Century Companies Inc. now owns 721,053 shares of the transportation company's stock valued at $30,241,000 after acquiring an additional 101,459 shares in the last quarter. Seven Eight Capital LP bought a new position in SkyWest during the third quarter valued at $833,000. Illinois Municipal Retirement Fund bought a new position in SkyWest during the third quarter valued at $1,115,000. Capula Management Ltd bought a new position in SkyWest during the third quarter valued at $1,058,000. Finally, EP Wealth Advisors LLC grew its holdings in SkyWest by 5,203.4% during the third quarter. EP Wealth Advisors LLC now owns 256,631 shares of the transportation company's stock valued at $10,763,000 after purchasing an additional 251,792 shares during the period. 81.30% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com raised SkyWest from a "hold" rating to a "buy" rating in a report on Monday, February 5th. Raymond James increased their price objective on SkyWest from $55.00 to $65.00 and gave the company an "outperform" rating in a report on Friday, February 2nd. Evercore ISI increased their price objective on SkyWest from $60.00 to $70.00 and gave the company an "in-line" rating in a report on Thursday, April 4th. TD Cowen raised SkyWest from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $55.00 to $68.00 in a report on Monday, February 5th. Finally, TheStreet upgraded SkyWest from a "c" rating to a "b-" rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $62.25.

Insider Activity at SkyWest

In related news, Director James L. Welch sold 2,000 shares of SkyWest stock in a transaction on Friday, March 15th. The stock was sold at an average price of $66.72, for a total transaction of $133,440.00. Following the completion of the sale, the director now owns 56,067 shares of the company's stock, valued at $3,740,790.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by corporate insiders.

SkyWest Stock Performance

Shares of NASDAQ:SKYW traded up $0.52 during trading on Friday, hitting $73.66. 833,364 shares of the company were exchanged, compared to its average volume of 484,918. The company has a market cap of $2.97 billion, a PE ratio of 84.67 and a beta of 1.95. The stock has a 50 day moving average of $67.02 and a 200 day moving average of $55.00. SkyWest, Inc. has a 52-week low of $23.59 and a 52-week high of $79.21. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.90 and a quick ratio of 0.80.

SkyWest (NASDAQ:SKYW - Get Free Report) last posted its earnings results on Thursday, April 25th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.21. The firm had revenue of $804.00 million for the quarter, compared to the consensus estimate of $800.07 million. SkyWest had a return on equity of 1.59% and a net margin of 1.17%. The business's quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.45) earnings per share. As a group, equities research analysts predict that SkyWest, Inc. will post 6.45 EPS for the current year.

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.