Nebula Research & Development LLC Buys New Position in SkyWest, Inc. (NASDAQ:SKYW)

Nebula Research & Development LLC bought a new position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,753 shares of the transportation company's stock, valued at approximately $476,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wealthfront Advisers LLC bought a new position in shares of SkyWest in the fourth quarter valued at approximately $146,935,000. American Century Companies Inc. raised its position in SkyWest by 7.5% in the 4th quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company's stock valued at $139,211,000 after purchasing an additional 97,108 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of SkyWest by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company's stock worth $71,028,000 after purchasing an additional 26,561 shares during the last quarter. Invesco Ltd. grew its holdings in shares of SkyWest by 4.2% during the fourth quarter. Invesco Ltd. now owns 543,009 shares of the transportation company's stock worth $54,371,000 after purchasing an additional 21,637 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of SkyWest by 57.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 525,722 shares of the transportation company's stock valued at $52,641,000 after buying an additional 192,543 shares in the last quarter. Institutional investors own 81.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Raymond James decreased their price objective on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. The Goldman Sachs Group raised shares of SkyWest from a "neutral" rating to a "buy" rating and lowered their price target for the company from $119.00 to $117.00 in a report on Tuesday, April 8th. Finally, StockNews.com downgraded SkyWest from a "buy" rating to a "hold" rating in a report on Saturday, April 12th.

SkyWest Trading Up 2.0 %

Shares of SKYW stock traded up $1.83 during trading hours on Monday, reaching $95.64. The company had a trading volume of 86,316 shares, compared to its average volume of 393,921. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. SkyWest, Inc. has a 1-year low of $64.61 and a 1-year high of $135.57. The company has a 50 day moving average of $88.30 and a 200 day moving average of $100.77. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 12.31 and a beta of 1.83.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The transportation company reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.04 by $0.38. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. The business had revenue of $948.46 million for the quarter, compared to analyst estimates of $946.13 million. During the same quarter last year, the firm earned $1.45 EPS. SkyWest's quarterly revenue was up 18.0% compared to the same quarter last year. On average, equities research analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Activity

In other news, CFO Robert J. Simmons sold 6,000 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Greg Wooley sold 14,545 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.85. Following the sale, the vice president now directly 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 disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

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.