Capitolis Liquid Global Markets LLC Buys New Shares in SkyWest, Inc. $SKYW

Capitolis Liquid Global Markets LLC bought a new position in shares of SkyWest, Inc. (NASDAQ:SKYW) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 49,700 shares of the transportation company’s stock, valued at approximately $5,001,000.

Several other large investors have also recently bought and sold shares of SKYW. Salomon & Ludwin LLC bought a new position in SkyWest in the third quarter valued at approximately $38,000. Elevation Point Wealth Partners LLC bought a new stake in shares of SkyWest during the 2nd quarter worth approximately $40,000. Johnson Financial Group Inc. acquired a new stake in shares of SkyWest in the 3rd quarter valued at approximately $62,000. EverSource Wealth Advisors LLC boosted its holdings in shares of SkyWest by 118.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock valued at $64,000 after buying an additional 339 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of SkyWest by 666.0% in the third quarter. Farther Finance Advisors LLC now owns 1,149 shares of the transportation company’s stock valued at $116,000 after buying an additional 999 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at SkyWest

In other news, insider Wade J. Steel sold 20,629 shares of the stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $106.53, for a total value of $2,197,607.37. Following the transaction, the insider directly owned 77,438 shares of the company’s stock, valued at $8,249,470.14. This represents a 21.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on SKYW. Zacks Research downgraded shares of SkyWest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Citigroup began coverage on shares of SkyWest in a research report on Thursday, December 4th. They issued a “neutral” rating and a $112.00 price objective for the company. Weiss Ratings restated a “buy (b-)” rating on shares of SkyWest in a research note on Thursday, January 22nd. TD Cowen dropped their target price on shares of SkyWest from $132.00 to $122.00 and set a “buy” rating on the stock in a report on Monday, January 26th. Finally, Cantor Fitzgerald set a $122.00 target price on shares of SkyWest in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $123.83.

SkyWest Stock Up 0.0%

SKYW stock opened at $89.52 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $3.62 billion, a PE ratio of 8.65, a PEG ratio of 1.20 and a beta of 1.58. SkyWest, Inc. has a 1-year low of $74.70 and a 1-year high of $123.94. The business’s 50 day simple moving average is $100.53 and its 200 day simple moving average is $101.87.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, January 29th. The transportation company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.25 by ($0.04). SkyWest had a net margin of 10.56% and a return on equity of 16.35%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $993.12 million. During the same period in the prior year, the business earned $2.34 EPS. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, research analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

About SkyWest

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.