Y Intercept Hong Kong Ltd Grows Stake in SkyWest, Inc. (NASDAQ:SKYW)

Y Intercept Hong Kong Ltd boosted its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 28.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,645 shares of the transportation company’s stock after purchasing an additional 2,155 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in SkyWest were worth $966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Pitcairn Co. purchased a new position in SkyWest in the 3rd quarter valued at about $535,000. Summit Global Investments acquired a new position in shares of SkyWest in the third quarter valued at approximately $539,000. JPMorgan Chase & Co. boosted its position in 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 acquiring an additional 11,169 shares during the last quarter. Barclays PLC grew its stake in SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock worth $13,002,000 after acquiring an additional 129,901 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in SkyWest by 104.0% in the 3rd quarter. BNP Paribas Financial Markets now owns 22,549 shares of the transportation company’s stock valued at $1,917,000 after acquiring an additional 11,494 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Insider Buying and Selling at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of the company’s 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 transaction, the vice president now directly owns 68,737 shares in the company, valued at approximately $7,267,563.01. This represents a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the sale, the chief financial officer now 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 disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SKYW shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $119.00 price target on shares of SkyWest in a report on Friday, November 15th. TD Cowen upped 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 restated an “outperform” rating and issued a $130.00 price objective (up from $120.00) on shares of SkyWest in a report on Friday, January 31st.

SkyWest Stock Performance

Shares of SkyWest stock opened at $97.94 on Friday. SkyWest, Inc. has a 12 month low of $61.09 and a 12 month 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 $3.95 billion, a PE ratio of 12.60 and a beta of 1.98. The business has a fifty day simple moving average of $108.32 and a 200-day simple moving average of $98.07.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping 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 period last year, the company posted $0.42 EPS. On average, sell-side analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current fiscal 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.