O Shaughnessy Asset Management LLC Has $4.83 Million Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

O Shaughnessy Asset Management LLC raised its stake in SkyWest, Inc. (NASDAQ:SKYW) by 29.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,217 shares of the transportation company’s stock after purchasing an additional 10,985 shares during the period. O Shaughnessy Asset Management LLC’s holdings in SkyWest were worth $4,828,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SKYW. Wilmington Savings Fund Society FSB acquired a new position in SkyWest in the 3rd quarter valued at about $31,000. New Age Alpha Advisors LLC bought a new stake in shares of SkyWest during the fourth quarter worth approximately $39,000. Private Trust Co. NA grew its position in shares of SkyWest by 157.1% in 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 position in shares of SkyWest during the fourth quarter worth approximately $50,000. Finally, Jones Financial Companies Lllp lifted its holdings in SkyWest by 117.2% during the 4th quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company’s stock worth $83,000 after purchasing an additional 449 shares during the last quarter. 81.30% of the stock is owned by institutional investors.

SkyWest Trading Up 3.1 %

Shares of NASDAQ:SKYW opened at $90.83 on Thursday. The business’s 50 day simple moving average is $100.19 and its 200 day simple moving average is $100.71. SkyWest, Inc. has a 1 year low of $64.61 and a 1 year high of $135.57. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The company has a market capitalization of $3.69 billion, a P/E ratio of 11.69 and a beta of 2.00.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating 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 last year, the company posted $0.42 EPS. On average, research analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, 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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Greg Wooley sold 14,545 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total transaction of $1,537,842.85. Following the completion of the transaction, the vice president now directly owns 68,737 shares of the company’s stock, valued at approximately $7,267,563.01. The trade was a 17.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James lowered their price objective on SkyWest from $130.00 to $125.00 and set an “outperform” rating on the stock in a research report on Wednesday.

SkyWest 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.