SkyWest, Inc. (NASDAQ:SKYW) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA grew its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 13.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 59,322 shares of the transportation company’s stock after buying an additional 7,159 shares during the period. Massachusetts Financial Services Co. MA owned 0.15% of SkyWest worth $5,940,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of SKYW. Wilmington Savings Fund Society FSB acquired a new stake in SkyWest in the 3rd quarter valued at about $31,000. New Age Alpha Advisors LLC purchased a new stake in shares of SkyWest in the fourth quarter valued at approximately $39,000. Headlands Technologies LLC acquired a new stake in shares of SkyWest in the fourth quarter valued at approximately $45,000. Private Trust Co. NA increased 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 valued at $49,000 after purchasing an additional 300 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in SkyWest during the fourth quarter worth approximately $50,000. 81.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Raymond James cut their target price on SkyWest from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, April 2nd. StockNews.com lowered shares of SkyWest from a “buy” rating to a “hold” rating in a report on Thursday, April 3rd.

SkyWest Price Performance

SKYW stock opened at $79.64 on Tuesday. SkyWest, Inc. has a 52-week low of $64.61 and a 52-week high of $135.57. 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 has a market cap of $3.24 billion, a price-to-earnings ratio of 10.25 and a beta of 1.83. The business has a fifty day moving average of $98.24 and a two-hundred day moving average of $100.89.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (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 posted $0.42 earnings per share. As a group, research analysts anticipate that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Insider Transactions at SkyWest

In other news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the sale, the vice president now directly owns 68,737 shares of the company’s stock, valued at approximately $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $113.57, for a total value of $681,420.00. Following the completion of the sale, the chief financial officer now 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. Company insiders own 2.00% of the company’s stock.

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.