Two Sigma Securities LLC Makes New $324,000 Investment in SkyWest, Inc. (NASDAQ:SKYW)

Two Sigma Securities LLC acquired a new stake in SkyWest, Inc. (NASDAQ:SKYW - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,234 shares of the transportation company's stock, valued at approximately $324,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC purchased a new stake in shares of SkyWest during the 4th quarter valued at approximately $146,935,000. American Century Companies Inc. boosted its position in shares of SkyWest by 7.5% in the fourth quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company's stock valued at $139,211,000 after acquiring an additional 97,108 shares during the period. Charles Schwab Investment Management Inc. grew its stake in SkyWest by 3.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company's stock valued at $71,028,000 after acquiring an additional 26,561 shares in the last quarter. Invesco Ltd. lifted its stake in SkyWest by 4.2% in the 4th 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 in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in SkyWest by 57.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 525,722 shares of the transportation company's stock valued at $52,641,000 after purchasing an additional 192,543 shares during the period. Institutional investors own 81.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SKYW. The Goldman Sachs Group upgraded SkyWest from a "neutral" rating to a "buy" rating and dropped their price target for the company from $119.00 to $117.00 in a research report on Tuesday, April 8th. Raymond James dropped their price target on SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. Finally, StockNews.com cut shares of SkyWest from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th.

SkyWest Stock Performance

SkyWest stock traded up $3.63 during mid-day trading on Friday, reaching $93.81. 416,757 shares of the stock traded hands, compared to its average volume of 394,684. SkyWest, Inc. has a 12-month low of $64.61 and a 12-month high of $135.57. The business's 50-day moving average is $88.38 and its 200-day moving average is $100.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The stock has a market capitalization of $3.80 billion, a PE ratio of 12.07 and a beta of 1.83.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The transportation company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.04 by $0.38. The firm had revenue of $948.46 million during the quarter, compared to analyst estimates of $946.13 million. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. The business's revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.45 EPS. As a group, sell-side analysts predict that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insiders Place Their Bets

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of the business's stock in a transaction dated Monday, February 10th. The shares were 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 in the company, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Greg Wooley sold 14,545 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 68,737 shares of the company's stock, valued at $7,267,563.01. The trade was a 17.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

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.