LSV Asset Management Buys 29,200 Shares of SkyWest, Inc. (NASDAQ:SKYW)

LSV Asset Management increased its position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 1,006.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,100 shares of the transportation company's stock after purchasing an additional 29,200 shares during the quarter. LSV Asset Management owned 0.08% of SkyWest worth $1,676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in shares of SkyWest during the fourth quarter worth about $29,000. Strs Ohio bought a new position in SkyWest during the fourth quarter worth $36,000. Salem Investment Counselors Inc. acquired a new position in SkyWest in the fourth quarter worth $57,000. Harvest Fund Management Co. Ltd increased its stake in SkyWest by 2,109.5% during the third quarter. Harvest Fund Management Co. Ltd now owns 1,392 shares of the transportation company's stock valued at $58,000 after purchasing an additional 1,329 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of SkyWest during the third quarter worth $59,000. 81.30% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other SkyWest news, insider Wade J. Steel sold 15,000 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $77.10, for a total transaction of $1,156,500.00. Following the completion of the transaction, the insider now directly owns 116,733 shares of the company's stock, valued at approximately $9,000,114.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CEO Russell A. Childs sold 32,286 shares of SkyWest stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $77.05, for a total value of $2,487,636.30. Following the transaction, the chief executive officer now owns 377,451 shares of the company's stock, valued at approximately $29,082,599.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Wade J. Steel sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $77.10, for a total transaction of $1,156,500.00. Following the sale, the insider now directly owns 116,733 shares of the company's stock, valued at $9,000,114.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 49,286 shares of company stock worth $3,777,576. 2.00% of the stock is owned by corporate insiders.

SkyWest Stock Performance

SKYW traded up $0.24 during trading hours on Friday, hitting $77.79. The company's stock had a trading volume of 287,610 shares, compared to its average volume of 466,414. The company has a current ratio of 0.81, a quick ratio of 0.72 and a debt-to-equity ratio of 1.10. SkyWest, Inc. has a fifty-two week low of $25.79 and a fifty-two week high of $79.56. The company has a 50-day simple moving average of $69.62 and a 200 day simple moving average of $57.25. The firm has a market capitalization of $3.13 billion, a PE ratio of 28.00 and a beta of 1.89.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $1.45 EPS for the quarter, beating analysts' consensus estimates of $1.24 by $0.21. The company had revenue of $804.00 million for the quarter, compared to analyst estimates of $800.07 million. SkyWest had a return on equity of 5.45% and a net margin of 3.83%. The company's quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company earned ($0.45) earnings per share. As a group, sell-side analysts expect that SkyWest, Inc. will post 6.81 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.