SkyWest, Inc. $SKYW Shares Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC grew its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 1,124.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 28,759 shares of the transportation company’s stock after acquiring an additional 26,411 shares during the period. Campbell & CO Investment Adviser LLC owned about 0.07% of SkyWest worth $2,961,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Fifth Third Bancorp raised its position in SkyWest by 38.4% in the second quarter. Fifth Third Bancorp now owns 551 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 153 shares during the period. Blue Trust Inc. grew its stake in shares of SkyWest by 478.6% in the second quarter. Blue Trust Inc. now owns 567 shares of the transportation company’s stock valued at $58,000 after buying an additional 469 shares in the last quarter. TD Private Client Wealth LLC purchased a new stake in shares of SkyWest during the 2nd quarter valued at about $71,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in SkyWest by 32.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,935 shares of the transportation company’s stock worth $169,000 after acquiring an additional 473 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new position in SkyWest in the 2nd quarter worth approximately $206,000. 81.30% of the stock is owned by hedge funds and other institutional investors.

SkyWest Stock Up 1.8%

Shares of SkyWest stock opened at $98.60 on Monday. The business has a 50-day moving average price of $103.29 and a 200 day moving average price of $104.84. SkyWest, Inc. has a fifty-two week low of $74.70 and a fifty-two week high of $135.57. The firm has a market cap of $3.95 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.95 and a beta of 1.86. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.78.

SkyWest (NASDAQ:SKYW) last issued its earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, topping the consensus estimate of $2.56 by $0.25. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. SkyWest had a return on equity of 16.69% and a net margin of 10.62%.The business’s revenue was up 15.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.16 EPS. On average, sell-side analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SKYW has been the topic of a number of analyst reports. Wall Street Zen lowered shares of SkyWest from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Cantor Fitzgerald set a $132.00 price objective on shares of SkyWest in a report on Friday, October 31st. Evercore ISI raised their target price on SkyWest from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Zacks Research raised SkyWest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Finally, TD Cowen lifted their price objective on SkyWest from $124.00 to $132.00 and gave the stock a “buy” rating in a report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and five have given a Buy rating to the company. According to data from MarketBeat.com, SkyWest currently has a consensus rating of “Buy” and an average price target of $130.20.

Insider Buying and Selling at SkyWest

In other news, VP Greg Wooley sold 2,000 shares of SkyWest stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $116.83, for a total value of $233,660.00. Following the completion of the transaction, the vice president directly owned 66,737 shares of the company’s stock, valued at approximately $7,796,883.71. The trade was a 2.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Russell A. Childs sold 26,000 shares of the business’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $116.06, for a total transaction of $3,017,560.00. Following the sale, the chief executive officer directly owned 404,883 shares of the company’s stock, valued at approximately $46,990,720.98. This represents a 6.03% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 38,000 shares of company stock worth $4,412,120 over the last 90 days. Insiders own 2.00% of the company’s stock.

About SkyWest

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.