Y Intercept Hong Kong Ltd Invests $637,000 in SkyWest, Inc. (NASDAQ:SKYW)

Y Intercept Hong Kong Ltd acquired a new stake in SkyWest, Inc. (NASDAQ:SKYWFree Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,490 shares of the transportation company’s stock, valued at approximately $637,000.

A number of other institutional investors also recently bought and sold shares of the stock. XTX Topco Ltd raised its holdings in shares of SkyWest by 90.5% in the third quarter. XTX Topco Ltd now owns 5,976 shares of the transportation company’s stock worth $508,000 after buying an additional 2,839 shares during the last quarter. Millburn Ridgefield Corp purchased a new position in SkyWest in the 3rd quarter worth $168,000. Jacobs Levy Equity Management Inc. lifted its position in SkyWest by 55.0% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 29,689 shares of the transportation company’s stock worth $2,524,000 after acquiring an additional 10,539 shares during the period. Centiva Capital LP purchased a new stake in SkyWest during the 3rd quarter valued at about $759,000. Finally, ClearAlpha Technologies LP acquired a new position in shares of SkyWest in the third quarter valued at about $520,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Eric Woodward sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total value of $446,120.00. Following the completion of the sale, the chief accounting officer now directly owns 44,426 shares in the company, valued at $4,954,831.78. The trade was a 8.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Russell A. Childs sold 27,903 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.47, for a total value of $3,110,347.41. Following the transaction, the chief executive officer now directly owns 349,548 shares of the company’s stock, valued at approximately $38,964,115.56. The trade was a 7.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 92,467 shares of company stock worth $10,082,596. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SKYW shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $119.00 target price on shares of SkyWest in a report on Friday, November 15th. Raymond James upped their price objective on shares of SkyWest from $100.00 to $114.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, TD Cowen raised their target price on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $105.75.

Get Our Latest Stock Report on SkyWest

SkyWest Stock Down 0.6 %

Shares of SKYW stock opened at $106.60 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.76 and a debt-to-equity ratio of 0.95. SkyWest, Inc. has a twelve month low of $48.28 and a twelve month high of $117.51. The stock has a 50 day moving average of $103.76 and a 200 day moving average of $87.52. The stock has a market cap of $4.30 billion, a P/E ratio of 18.22 and a beta of 1.96.

SkyWest (NASDAQ:SKYWGet Free Report) last posted its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, beating the consensus estimate of $1.92 by $0.24. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The firm had revenue of $912.79 million during the quarter, compared to analyst estimates of $896.21 million. During the same period in the previous year, the firm earned $0.55 EPS. The business’s quarterly revenue was up 19.1% on a year-over-year basis. As a group, sell-side analysts expect that SkyWest, Inc. will post 7.16 EPS for the current year.

About SkyWest

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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