Townsquare Capital LLC Sells 11,392 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Townsquare Capital LLC cut its stake in SkyWest, Inc. (NASDAQ:SKYW) by 28.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,804 shares of the transportation company’s stock after selling 11,392 shares during the period. Townsquare Capital LLC’s holdings in SkyWest were worth $2,449,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SKYW. BNP Paribas Financial Markets boosted its stake in SkyWest by 104.0% in 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 in the last quarter. Quantbot Technologies LP bought a new stake in shares of SkyWest in the 3rd quarter worth approximately $551,000. FMR LLC boosted its stake in shares of SkyWest by 42.2% in the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock valued at $41,162,000 after purchasing an additional 143,661 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of SkyWest in the 3rd quarter valued at $758,000. Finally, Pitcairn Co. bought a new position in shares of SkyWest during the 3rd quarter valued at $535,000. Institutional investors own 81.30% of the company’s stock.

Insider Transactions at SkyWest

In related news, CEO Russell A. Childs sold 27,903 shares of SkyWest stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.47, for a total transaction of $3,110,347.41. Following the sale, the chief executive officer now directly owns 349,548 shares in the company, valued at $38,964,115.56. The trade was a 7.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert J. Simmons sold 16,485 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $105.02, for a total value of $1,731,254.70. Following the completion of the sale, the chief financial officer now directly owns 113,539 shares in the company, valued at approximately $11,923,865.78. The trade was a 12.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 92,467 shares of company stock valued at $10,082,596. Company insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on SKYW. TD Cowen upped their price target on shares of SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. The Goldman Sachs Group restated a “neutral” rating and set a $119.00 target price on shares of SkyWest in a report on Friday, November 15th. Finally, Raymond James lifted their price target on SkyWest from $100.00 to $114.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.75.

SkyWest Stock Up 0.7 %

Shares of NASDAQ:SKYW opened at $114.74 on Friday. SkyWest, Inc. has a 1 year low of $45.99 and a 1 year high of $117.51. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.86 and a quick ratio of 0.76. The stock’s 50-day moving average is $98.54 and its 200 day moving average is $85.09. The company has a market cap of $4.63 billion, a PE ratio of 19.61 and a beta of 1.93.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Thursday, October 31st. The transportation company reported $2.16 EPS for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. The company had revenue of $912.79 million during the quarter, compared to the consensus estimate of $896.21 million. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.55 earnings per share. Sell-side analysts anticipate that SkyWest, Inc. will post 7.16 EPS 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.