SkyWest, Inc. (NASDAQ:SKYW) Shares Bought by Jones Financial Companies Lllp

Jones Financial Companies Lllp raised its stake in SkyWest, Inc. (NASDAQ:SKYW) by 117.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 832 shares of the transportation company’s stock after purchasing an additional 449 shares during the period. Jones Financial Companies Lllp’s holdings in SkyWest were worth $83,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Pitcairn Co. acquired a new position in SkyWest in the third quarter valued at $535,000. JPMorgan Chase & Co. boosted its stake in shares of SkyWest by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock worth $30,396,000 after buying an additional 11,169 shares during the period. Barclays PLC boosted its stake in shares of SkyWest by 563.8% during the third quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after buying an additional 129,901 shares during the period. BNP Paribas Financial Markets boosted its stake in shares of SkyWest by 104.0% during the third quarter. BNP Paribas Financial Markets now owns 22,549 shares of the transportation company’s stock worth $1,917,000 after buying an additional 11,494 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of SkyWest by 12.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock worth $58,051,000 after buying an additional 76,007 shares during the period. Institutional investors and hedge funds own 81.30% of the company’s stock.

Insider Buying and Selling

In related news, VP Greg Wooley sold 14,545 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total transaction 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 represents a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of the 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 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 ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Raymond James reiterated an “outperform” rating and set a $130.00 target price (up previously from $120.00) on shares of SkyWest in a research note on Friday, January 31st.

SkyWest Price Performance

Shares of SKYW opened at $87.33 on Monday. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 11.24 and a beta of 2.00. SkyWest, Inc. has a fifty-two week low of $64.30 and a fifty-two week high of $135.57. The firm has a 50-day simple moving average of $105.32 and a 200-day simple moving average of $99.55. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same quarter in the previous year, the company earned $0.42 earnings per share. On average, equities research analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current year.

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.