SkyWest, Inc. (NASDAQ:SKYW) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its position in SkyWest, Inc. (NASDAQ:SKYW) by 12.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,098 shares of the transportation company’s stock after acquiring an additional 352 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SkyWest were worth $310,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SKYW. Glenmede Trust Co. NA lifted its position in shares of SkyWest by 0.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock worth $921,000 after purchasing an additional 98 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in SkyWest by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock valued at $1,953,000 after buying an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in SkyWest by 1.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock worth $951,000 after buying an additional 100 shares during the last quarter. Highland Capital Management LLC boosted its position in shares of SkyWest by 6.1% during the 4th quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock worth $279,000 after acquiring an additional 160 shares in the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of SkyWest by 14.4% in the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock valued at $156,000 after acquiring an additional 196 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Insider Transactions at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of the stock in a transaction on 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 sale, the vice president now owns 68,737 shares in the company, valued at $7,267,563.01. This represents a 17.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the chief financial officer now owns 175,067 shares in the company, valued at approximately $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. Insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

Separately, Raymond James restated 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 Stock Performance

NASDAQ SKYW opened at $90.65 on Friday. The company has a fifty day moving average of $102.08 and a two-hundred day moving average of $100.18. The company has a market capitalization of $3.66 billion, a PE ratio of 11.67 and a beta of 2.00. SkyWest, Inc. has a 1 year low of $64.61 and a 1 year 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) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same period in the previous year, the firm posted $0.42 earnings per share. As a group, analysts expect 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.