Teacher Retirement System of Texas Has $1.09 Million Stake in SkyWest, Inc. (NASDAQ:SKYW)

Teacher Retirement System of Texas boosted its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 197.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,871 shares of the transportation company's stock after acquiring an additional 13,858 shares during the quarter. Teacher Retirement System of Texas owned 0.05% of SkyWest worth $1,089,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of SKYW. Counterpoint Mutual Funds LLC boosted its stake in shares of SkyWest by 138.7% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 7,396 shares of the transportation company's stock worth $386,000 after acquiring an additional 4,298 shares in the last quarter. LSV Asset Management boosted its position in SkyWest by 1,006.9% during the fourth quarter. LSV Asset Management now owns 32,100 shares of the transportation company's stock worth $1,676,000 after purchasing an additional 29,200 shares in the last quarter. M&T Bank Corp acquired a new stake in SkyWest in the fourth quarter valued at approximately $227,000. Fisher Asset Management LLC acquired a new stake in SkyWest in the fourth quarter valued at approximately $313,000. Finally, Victory Capital Management Inc. increased its position in shares of SkyWest by 6.7% in the fourth quarter. Victory Capital Management Inc. now owns 20,296 shares of the transportation company's stock valued at $1,059,000 after buying an additional 1,266 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director James L. Welch sold 2,000 shares of the stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $66.72, for a total value of $133,440.00. Following the transaction, the director now owns 56,067 shares in the company, valued at approximately $3,740,790.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director James L. Welch sold 2,000 shares of SkyWest stock in a transaction on Friday, March 15th. The shares were sold at an average price of $66.72, for a total transaction of $133,440.00. Following the sale, the director now directly owns 56,067 shares in the company, valued at approximately $3,740,790.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Russell A. Childs sold 32,286 shares of the company's stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $77.05, for a total transaction of $2,487,636.30. Following the completion of the transaction, the chief executive officer now owns 377,451 shares of the company's stock, valued at approximately $29,082,599.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,286 shares of company stock worth $3,777,576. Corporate insiders own 2.50% of the company's stock.

SkyWest Stock Down 2.7 %

Shares of SKYW stock traded down $2.08 during trading on Wednesday, reaching $73.96. The company's stock had a trading volume of 313,003 shares, compared to its average volume of 449,751. SkyWest, Inc. has a 1-year low of $28.07 and a 1-year high of $79.56. The stock's 50-day moving average price is $71.19 and its 200 day moving average price is $59.48. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 26.70 and a beta of 1.89. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.81 and a quick ratio of 0.72.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its earnings results on Thursday, April 25th. The transportation company reported $1.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.24 by $0.21. The firm had revenue of $804.00 million during 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%. SkyWest's revenue was up 16.4% compared to the same quarter last year. During the same period last year, the business posted ($0.45) earnings per share. On average, research analysts anticipate that SkyWest, Inc. will post 6.81 EPS for the current year.

Analyst Ratings Changes

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

SkyWest 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.