Mariner LLC Grows Stock Position in SkyWest, Inc. (NASDAQ:SKYW)

Mariner LLC raised its position in SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 65.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 10,539 shares of the transportation company's stock after purchasing an additional 4,166 shares during the period. Mariner LLC's holdings in SkyWest were worth $1,055,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in SKYW. Wilmington Savings Fund Society FSB purchased a new position in shares of SkyWest during the 3rd quarter worth approximately $31,000. New Age Alpha Advisors LLC purchased a new position in SkyWest in the 4th quarter valued at about $39,000. Headlands Technologies LLC acquired a new stake in shares of SkyWest during the 4th quarter worth about $45,000. Private Trust Co. NA boosted its stake in shares of SkyWest by 157.1% during the 4th quarter. Private Trust Co. NA now owns 491 shares of the transportation company's stock worth $49,000 after purchasing an additional 300 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of SkyWest during the fourth quarter worth about $50,000. Hedge funds and other institutional investors own 81.30% of the company's stock.

SkyWest Trading Up 3.8 %

NASDAQ:SKYW traded up $3.41 during trading hours on Friday, reaching $93.59. 96,109 shares of the company were exchanged, compared to its average volume of 393,426. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of 12.03 and a beta of 1.83. The stock has a 50 day simple moving average of $88.38 and a 200 day simple moving average of $100.69. SkyWest, Inc. has a 52-week low of $64.61 and a 52-week high of $135.57. 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 (NASDAQ:SKYW - Get Free Report) last issued its earnings results 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. The business had revenue of $948.46 million for the quarter, compared to analyst estimates of $946.13 million. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. The business's quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the company posted $1.45 EPS. As a group, analysts predict that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Transactions at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the transaction, the vice president now owns 68,737 shares of the company's stock, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction on Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the transaction, the chief financial officer now owns 175,067 shares in the company, valued at $19,882,359.19. The trade was a 3.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on SKYW. StockNews.com lowered shares of SkyWest from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Raymond James decreased their price objective on SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Finally, The Goldman Sachs Group raised SkyWest from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $119.00 to $117.00 in a research report on Tuesday, April 8th.

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.