SkyWest, Inc. (NASDAQ:SKYW) Stock Holdings Increased by Navellier & Associates Inc.

Navellier & Associates Inc. boosted its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 431.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 65,338 shares of the transportation company’s stock after purchasing an additional 53,035 shares during the period. SkyWest makes up approximately 0.8% of Navellier & Associates Inc.’s holdings, making the stock its 28th biggest position. Navellier & Associates Inc. owned about 0.16% of SkyWest worth $6,542,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted its position in shares of SkyWest by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock valued at $81,697,000 after acquiring an additional 6,542 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of SkyWest by 12.5% during the third 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. FMR LLC lifted its holdings in shares of SkyWest by 42.2% during the third quarter. FMR LLC now owns 484,147 shares of the transportation company’s stock valued at $41,162,000 after purchasing an additional 143,661 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 period. Finally, Principal Financial Group Inc. increased its stake in SkyWest by 4.6% in the 4th quarter. Principal Financial Group Inc. now owns 226,601 shares of the transportation company’s stock worth $22,690,000 after purchasing an additional 10,027 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SkyWest

In related news, CFO Robert J. Simmons sold 6,000 shares of the 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 completion of the sale, the chief financial officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Greg Wooley sold 14,545 shares of the business’s stock in a transaction dated 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 transaction, the vice president now owns 68,737 shares in the company, valued at $7,267,563.01. This trade represents a 17.46 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

SKYW has been the subject of a number of analyst reports. TD Cowen upped their price objective on shares of SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Raymond James restated an “outperform” rating and issued a $130.00 price target (up previously from $120.00) on shares of SkyWest in a research report on Friday, January 31st. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a research report on Friday, November 15th.

SkyWest Trading Down 4.3 %

Shares of NASDAQ SKYW opened at $96.65 on Friday. 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 one year low of $59.92 and a one year high of $135.57. The business has a 50-day moving average price of $108.58 and a two-hundred day moving average price of $97.35. The firm has a market capitalization of $3.90 billion, a PE ratio of 12.44 and a beta of 1.98.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the business earned $0.42 earnings per share. As a group, analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current fiscal year.

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.