SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its stake in SkyWest, Inc. (NASDAQ:SKYW) by 8.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,027 shares of the transportation company’s stock after selling 954 shares during the period. Dana Investment Advisors Inc.’s holdings in SkyWest were worth $1,004,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Cookson Peirce & Co. Inc. increased its holdings in SkyWest by 56.3% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 11,104 shares of the transportation company’s stock valued at $1,112,000 after purchasing an additional 4,001 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in SkyWest by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company’s stock valued at $71,028,000 after purchasing an additional 26,561 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of SkyWest by 117.2% during the fourth quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company’s stock valued at $83,000 after acquiring an additional 449 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of SkyWest by 193.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company’s stock valued at $87,000 after acquiring an additional 569 shares in the last quarter. Finally, Private Trust Co. NA grew its stake in shares of SkyWest by 157.1% during the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock valued at $49,000 after acquiring an additional 300 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Stock Down 1.2 %

NASDAQ:SKYW opened at $88.07 on Friday. The company has a market capitalization of $3.55 billion, a price-to-earnings ratio of 11.33 and a beta of 2.00. SkyWest, Inc. has a one year low of $64.30 and a one year high of $135.57. The stock has a 50-day simple moving average of $107.05 and a 200 day simple moving average of $99.08. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results 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 period in the prior year, the business earned $0.42 earnings per share. Sell-side analysts predict that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insider Buying and Selling

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the transaction, the vice president now owns 68,737 shares of the company’s stock, valued at $7,267,563.01. This trade represents a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was 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 directly owns 175,067 shares in the company, valued at $19,882,359.19. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SKYW shares. Raymond James restated an “outperform” rating and set a $130.00 target price (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st. The Goldman Sachs Group restated a “neutral” rating and set a $119.00 target price on shares of SkyWest in a research note on Friday, November 15th.

SkyWest 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.