Russell Investments Group Ltd. Has $2.72 Million Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Russell Investments Group Ltd. increased its position in SkyWest, Inc. (NASDAQ:SKYW) by 109.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 27,185 shares of the transportation company’s stock after purchasing an additional 14,181 shares during the period. Russell Investments Group Ltd. owned about 0.07% of SkyWest worth $2,722,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of SkyWest by 563.8% in 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. Geode Capital Management LLC lifted its stake in SkyWest by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock worth $81,697,000 after acquiring an additional 6,542 shares in the last quarter. Invst LLC boosted its position in SkyWest by 39.1% during the 3rd quarter. Invst LLC now owns 5,405 shares of the transportation company’s stock worth $460,000 after acquiring an additional 1,520 shares during the period. Sanctuary Advisors LLC purchased a new position in SkyWest during the 3rd quarter valued at about $233,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in SkyWest during the 3rd quarter valued at about $31,000. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Transactions at SkyWest

In related news, CFO Robert J. Simmons sold 6,000 shares of the business’s 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 sale, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Greg Wooley sold 14,545 shares of the company’s 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 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. 1.20% of the stock is currently owned by corporate insiders.

SkyWest Stock Performance

Shares of SKYW opened at $85.38 on Friday. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of 10.99 and a beta of 1.83. The company’s fifty day moving average is $91.88 and its 200-day moving average is $100.66. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 12 month low of $64.61 and a 12 month high of $135.57.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.34 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 prior year, the business earned $0.42 EPS. Equities analysts expect that SkyWest, Inc. will post 9.01 EPS for the current fiscal 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.