Dynamic Technology Lab Private Ltd Buys 10,536 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Dynamic Technology Lab Private Ltd grew its stake in SkyWest, Inc. (NASDAQ:SKYW) by 118.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,450 shares of the transportation company’s stock after purchasing an additional 10,536 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in SkyWest were worth $1,948,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SKYW. Wilmington Savings Fund Society FSB bought a new position in SkyWest during the 3rd quarter valued at about $31,000. New Age Alpha Advisors LLC purchased a new position in shares of SkyWest during the fourth quarter valued at approximately $39,000. Headlands Technologies LLC bought a new position in shares of SkyWest during the fourth quarter valued at approximately $45,000. Private Trust Co. NA raised its holdings in shares of SkyWest by 157.1% in the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock worth $49,000 after buying an additional 300 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in shares of SkyWest in the fourth quarter worth approximately $50,000. 81.30% of the stock is owned by institutional investors.

Insider Buying and Selling at SkyWest

In other news, CFO Robert J. Simmons sold 6,000 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the transaction, the chief financial officer now directly owns 175,067 shares in the company, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Greg Wooley sold 14,545 shares of the business’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 transaction of $1,537,842.85. Following the completion of the transaction, the vice president now directly owns 68,737 shares of the company’s stock, valued at $7,267,563.01. This trade represents a 17.46 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SKYW. StockNews.com downgraded SkyWest from a “buy” rating to a “hold” rating in a research report on Thursday. Raymond James cut their price target on shares of SkyWest from $130.00 to $125.00 and set an “outperform” rating on the stock in a report on Wednesday.

SkyWest Trading Down 5.1 %

SKYW opened at $80.23 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The stock’s fifty day moving average is $98.92 and its two-hundred day moving average is $100.60. The company has a market capitalization of $3.26 billion, a P/E ratio of 10.33 and a beta of 2.00. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating the consensus estimate 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 last year, the company earned $0.42 EPS. Analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current year.

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.