Legato Capital Management LLC Increases Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Legato Capital Management LLC boosted its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 7.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,676 shares of the transportation company’s stock after acquiring an additional 1,071 shares during the period. Legato Capital Management LLC’s holdings in SkyWest were worth $1,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SKYW. Geode Capital Management LLC grew its position in shares of SkyWest by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock valued at $81,697,000 after purchasing an additional 6,542 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 in the last quarter. FMR LLC increased its stake in SkyWest by 42.2% in the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock worth $41,162,000 after acquiring an additional 143,661 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of SkyWest by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock valued at $30,396,000 after acquiring an additional 11,169 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of SkyWest by 9.1% during the third quarter. Principal Financial Group Inc. now owns 216,574 shares of the transportation company’s stock worth $18,413,000 after purchasing an additional 18,047 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

SkyWest Stock Up 0.6 %

Shares of SkyWest stock opened at $110.82 on Thursday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 12-month low of $57.15 and a 12-month high of $135.57. The company has a market cap of $4.47 billion, a P/E ratio of 14.26 and a beta of 1.98. The company’s fifty day simple moving average is $109.18 and its two-hundred day simple moving average is $95.97.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating 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 EPS. Research analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Buying and Selling at SkyWest

In related news, CFO Robert J. Simmons sold 6,000 shares of the company’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 transaction, the chief financial officer now directly owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. TD Cowen raised their target price on shares of SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group reissued a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Finally, Raymond James reaffirmed an “outperform” rating and set a $130.00 price objective (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st.

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.