Physician Wealth Advisors Inc. Invests $170,000 in SkyWest, Inc. (NASDAQ:SKYW)

Physician Wealth Advisors Inc. bought a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,698 shares of the transportation company’s stock, valued at approximately $170,000.

A number of other hedge funds have also recently bought and sold shares 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 bought a new stake in shares of SkyWest in the 4th quarter worth approximately $39,000. Private Trust Co. NA lifted its stake in SkyWest by 157.1% during 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. Sound Income Strategies LLC bought a new stake in SkyWest during the fourth quarter worth approximately $50,000. Finally, Jones Financial Companies Lllp grew its position in SkyWest by 117.2% in the fourth quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company’s stock worth $83,000 after buying an additional 449 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Trading Down 2.1 %

Shares of SKYW opened at $88.76 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 1-year low of $64.61 and a 1-year high of $135.57. The stock has a market capitalization of $3.58 billion, a P/E ratio of 11.42 and a beta of 2.00. The business’s 50-day moving average price is $101.66 and its 200 day moving average price is $100.63.

SkyWest (NASDAQ:SKYW) last released 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 net margin of 9.15% and a return on equity of 14.17%. During the same period in the prior year, the company earned $0.42 EPS. Analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, CFO Robert J. Simmons sold 6,000 shares of the company’s stock in a transaction on Monday, February 10th. The stock was 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Greg Wooley sold 14,545 shares of the firm’s stock in a transaction dated 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 sale, the vice president now owns 68,737 shares of the company’s stock, valued at $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

SkyWest Company 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.