20,872 Shares in SkyWest, Inc. (NASDAQ:SKYW) Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC acquired a new position in shares of SkyWest, Inc. (NASDAQ:SKYW) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 20,872 shares of the transportation company’s stock, valued at approximately $1,090,000. Jackson Creek Investment Advisors LLC owned about 0.05% of SkyWest as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Invesco Ltd. raised its stake in shares of SkyWest by 40.6% during the 3rd quarter. Invesco Ltd. now owns 923,722 shares of the transportation company’s stock worth $38,741,000 after buying an additional 266,762 shares in the last quarter. EP Wealth Advisors LLC grew its stake in SkyWest by 5,203.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 256,631 shares of the transportation company’s stock valued at $10,763,000 after acquiring an additional 251,792 shares during the last quarter. American Century Companies Inc. increased its holdings in SkyWest by 16.4% during the 3rd quarter. American Century Companies Inc. now owns 721,053 shares of the transportation company’s stock valued at $30,241,000 after acquiring an additional 101,459 shares in the last quarter. Algert Global LLC acquired a new position in SkyWest during the third quarter worth about $3,689,000. Finally, Dark Forest Capital Management LP grew its position in shares of SkyWest by 105.8% in the third quarter. Dark Forest Capital Management LP now owns 64,272 shares of the transportation company’s stock valued at $2,696,000 after purchasing an additional 33,039 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Stock Down 2.6 %

Shares of NASDAQ:SKYW traded down $1.96 during mid-day trading on Tuesday, hitting $73.03. 492,611 shares of the company traded hands, compared to its average volume of 484,109. The firm has a market cap of $2.95 billion, a P/E ratio of 26.43 and a beta of 1.95. SkyWest, Inc. has a 52-week low of $25.79 and a 52-week high of $79.21. The firm’s 50 day simple moving average is $67.34 and its 200 day simple moving average is $55.43. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.80 and a current ratio of 0.81.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, April 25th. The transportation company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.21. The firm had revenue of $804.00 million during the quarter, compared to analyst estimates of $800.07 million. SkyWest had a return on equity of 5.45% and a net margin of 3.83%. SkyWest’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter last year, the firm earned ($0.45) EPS. On average, equities analysts anticipate that SkyWest, Inc. will post 6.53 EPS for the current year.

Wall Street Analyst Weigh In

SKYW has been the topic of a number of research analyst reports. StockNews.com raised SkyWest from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Evercore ISI increased their price target on shares of SkyWest from $60.00 to $70.00 and gave the stock an “in-line” rating in a research note on Thursday, April 4th. Raymond James boosted their price objective on shares of SkyWest from $55.00 to $65.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. TD Cowen upgraded SkyWest from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $55.00 to $68.00 in a report on Monday, February 5th. Finally, TheStreet raised shares of SkyWest from a “c” rating to a “b-” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $62.25.

Insider Buying and Selling

In related news, Director James L. Welch sold 2,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $66.72, for a total value of $133,440.00. Following the completion of the transaction, the director now directly owns 56,067 shares of the company’s stock, valued at approximately $3,740,790.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.50% of the stock is owned by company insiders.

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.