Three Seasons Wealth LLC Makes New Investment in SkyWest, Inc. (NASDAQ:SKYW)

Three Seasons Wealth LLC acquired a new position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 4,487 shares of the transportation company's stock, valued at approximately $449,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System lifted its stake in shares of SkyWest by 0.5% during the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company's stock worth $1,953,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in SkyWest by 1.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company's stock valued at $951,000 after buying an additional 100 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in SkyWest by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,145 shares of the transportation company's stock valued at $415,000 after buying an additional 131 shares in the last quarter. Highland Capital Management LLC raised its stake in SkyWest by 6.1% during the fourth quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company's stock valued at $279,000 after buying an additional 160 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in SkyWest by 14.4% during the fourth quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company's stock valued at $156,000 after buying an additional 196 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company's stock.

SkyWest Stock Performance

SKYW stock traded down $0.04 on Wednesday, reaching $88.48. The company's stock had a trading volume of 93,806 shares, compared to its average volume of 393,472. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57. The company has a market capitalization of $3.59 billion, a P/E ratio of 11.39 and a beta of 1.83. The firm has a fifty day moving average of $88.65 and a two-hundred day moving average of $100.79. 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 quarterly earnings data on Thursday, April 24th. The transportation company reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.04 by $0.38. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. The business had revenue of $948.46 million during the quarter, compared to analyst estimates of $946.13 million. During the same period in the prior year, the company posted $1.45 EPS. The business's revenue for the quarter was up 18.0% compared to the same quarter last year. As a group, analysts predict that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $113.57, for a total value of $681,420.00. Following the completion of the transaction, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at $19,882,359.19. This represents a 3.31 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 completion of the transaction, the vice president now directly owns 68,737 shares of the company's stock, valued at $7,267,563.01. This trade represents a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on SKYW. Raymond James lowered their target price on SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. StockNews.com lowered SkyWest from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. Finally, The Goldman Sachs Group raised SkyWest from a "neutral" rating to a "buy" rating and lowered their target price for the company from $119.00 to $117.00 in a 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.