XTX Topco Ltd Has $508,000 Holdings in SkyWest, Inc. (NASDAQ:SKYW)

XTX Topco Ltd grew its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 90.5% in the 3rd quarter, Holdings Channel reports. The fund owned 5,976 shares of the transportation company’s stock after buying an additional 2,839 shares during the period. XTX Topco Ltd’s holdings in SkyWest were worth $508,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in SKYW. NBC Securities Inc. grew its holdings in shares of SkyWest by 1,368.0% during the 3rd quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 342 shares during the last quarter. Kings Path Partners LLC acquired a new stake in SkyWest in the second quarter valued at approximately $42,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of SkyWest during the second quarter worth $54,000. CWM LLC increased its holdings in shares of SkyWest by 57.3% during the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after buying an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of SkyWest by 47.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 437 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

SkyWest Stock Down 0.6 %

Shares of SKYW opened at $106.60 on Friday. The stock’s 50-day moving average price is $103.76 and its two-hundred day moving average price is $87.42. SkyWest, Inc. has a 12 month low of $48.28 and a 12 month high of $117.51. The company has a market capitalization of $4.30 billion, a PE ratio of 18.22 and a beta of 1.96. 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 (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, October 31st. The transportation company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The company had revenue of $912.79 million for the quarter, compared to analyst estimates of $896.21 million. During the same period in the previous year, the firm earned $0.55 earnings per share. The firm’s quarterly revenue was up 19.1% on a year-over-year basis. On average, analysts anticipate that SkyWest, Inc. will post 7.16 EPS for the current year.

Insider Transactions at SkyWest

In other SkyWest news, CEO Russell A. Childs sold 27,903 shares of SkyWest 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 completion of the sale, the chief executive officer now directly owns 349,548 shares in the company, valued at approximately $38,964,115.56. The trade was a 7.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Wade J. Steel sold 19,079 shares of the stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $104.48, for a total value of $1,993,373.92. Following the transaction, the insider now owns 97,654 shares in the company, valued at $10,202,889.92. The trade was a 16.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 92,467 shares of company stock worth $10,082,596. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

SKYW has been the subject of a number of recent research reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $119.00 target price on shares of SkyWest in a report on Friday, November 15th. TD Cowen upped their price objective on SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Finally, Raymond James lifted their target price on shares of SkyWest from $100.00 to $114.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.75.

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.