SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by MorganRosel Wealth Management LLC

MorganRosel Wealth Management LLC reduced its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 24.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,249 shares of the transportation company’s stock after selling 4,286 shares during the period. MorganRosel Wealth Management LLC’s holdings in SkyWest were worth $1,327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Geode Capital Management LLC grew 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 valued at $81,697,000 after acquiring an additional 6,542 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings 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 valued at $58,051,000 after purchasing an additional 76,007 shares in the last quarter. FMR LLC grew its position in shares of SkyWest by 42.2% in the third 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 during the period. JPMorgan Chase & Co. increased 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 purchasing an additional 11,169 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of SkyWest by 4.6% during the 4th quarter. Principal Financial Group Inc. now owns 226,601 shares of the transportation company’s stock worth $22,690,000 after purchasing an additional 10,027 shares during the last quarter. 81.30% of the stock is currently owned by hedge funds and other institutional investors.

SkyWest Stock Down 0.4 %

SKYW stock opened at $96.25 on Tuesday. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average of $108.40 and a two-hundred day moving average of $97.88. SkyWest, Inc. has a 12 month low of $60.19 and a 12 month high of $135.57. The company has a market cap of $3.88 billion, a price-to-earnings ratio of 12.39 and a beta of 1.98.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, topping 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 quarter in the prior year, the business earned $0.42 EPS. As a group, analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Greg Wooley sold 14,545 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the transaction, the vice president now directly owns 68,737 shares of the company’s stock, valued at approximately $7,267,563.01. This trade represents a 17.46 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group reiterated a “neutral” rating and issued a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. TD Cowen lifted their price target on SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, Raymond James reissued an “outperform” rating and issued 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.