Teacher Retirement System of Texas Sells 22,050 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Teacher Retirement System of Texas decreased its stake in SkyWest, Inc. (NASDAQ:SKYW) by 19.5% in the 4th quarter, Holdings Channel.com reports. The fund owned 91,170 shares of the transportation company’s stock after selling 22,050 shares during the quarter. Teacher Retirement System of Texas’ holdings in SkyWest were worth $9,129,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Pitcairn Co. acquired a new stake in SkyWest in the 3rd quarter valued at about $535,000. JPMorgan Chase & Co. lifted its stake in SkyWest by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company’s stock valued at $30,396,000 after purchasing an additional 11,169 shares during the last quarter. Barclays PLC lifted its stake in SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company’s stock valued at $13,002,000 after purchasing an additional 129,901 shares during the last quarter. BNP Paribas Financial Markets lifted its stake 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 purchasing an additional 11,494 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in SkyWest by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company’s stock valued at $58,051,000 after purchasing an additional 76,007 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Trading Up 0.8 %

Shares of SKYW stock opened at $91.12 on Friday. The firm has a 50 day moving average price of $103.29 and a two-hundred day moving average price of $99.84. 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 company has a market capitalization of $3.67 billion, a PE ratio of 11.73 and a beta of 2.00. SkyWest, Inc. has a 12-month low of $64.61 and a 12-month high of $135.57.

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 the consensus estimate of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same quarter in the prior year, the firm earned $0.42 earnings per share. As a group, analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Insider Activity

In other news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction that occurred on 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 completion of the sale, the vice president now directly owns 68,737 shares in the company, valued at approximately $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Robert J. Simmons sold 6,000 shares of SkyWest 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 completion of the sale, the chief financial officer now owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Separately, Raymond James reiterated an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st.

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.