UBS Group AG Sells 45,026 Shares of SkyWest, Inc. $SKYW

UBS Group AG trimmed its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 29.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 106,624 shares of the transportation company’s stock after selling 45,026 shares during the quarter. UBS Group AG owned approximately 0.27% of SkyWest worth $10,706,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. California State Teachers Retirement System grew its stake in SkyWest by 0.8% during the second quarter. California State Teachers Retirement System now owns 11,165 shares of the transportation company’s stock worth $1,150,000 after buying an additional 87 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in SkyWest by 4.2% during the second quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the transportation company’s stock worth $257,000 after buying an additional 100 shares during the last quarter. CWM LLC grew its stake in SkyWest by 1.7% during the fourth quarter. CWM LLC now owns 6,601 shares of the transportation company’s stock worth $663,000 after buying an additional 108 shares during the last quarter. Evergreen Capital Management LLC grew its stake in SkyWest by 2.0% during the second quarter. Evergreen Capital Management LLC now owns 5,827 shares of the transportation company’s stock worth $600,000 after buying an additional 113 shares during the last quarter. Finally, Alps Advisors Inc. grew its stake in SkyWest by 2.8% during the third quarter. Alps Advisors Inc. now owns 4,235 shares of the transportation company’s stock worth $426,000 after buying an additional 115 shares during the last quarter. 81.30% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, insider Wade J. Steel sold 20,629 shares of the stock in a transaction that occurred on 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 in the company, valued at $8,249,470.14. This represents a 21.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Cantor Fitzgerald set a $122.00 price objective on shares of SkyWest in a research note on Monday, January 26th. Citigroup decreased their price target on shares of SkyWest from $101.00 to $95.00 and set a “neutral” rating on the stock in a research note on Thursday, April 30th. TD Cowen decreased their price target on shares of SkyWest from $106.00 to $98.00 and set a “buy” rating on the stock in a research note on Monday, April 27th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of SkyWest in a research note on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $117.00.

SkyWest Price Performance

SKYW opened at $81.25 on Friday. SkyWest, Inc. has a one year low of $80.00 and a one year high of $123.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.62 and a quick ratio of 0.51. The company’s 50 day simple moving average is $90.41 and its 200-day simple moving average is $97.33. The stock has a market capitalization of $3.22 billion, a P/E ratio of 7.79, a price-to-earnings-growth ratio of 1.20 and a beta of 1.48.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, April 23rd. The transportation company reported $2.50 EPS for the quarter, beating the consensus estimate of $2.15 by $0.35. SkyWest had a net margin of 10.42% and a return on equity of 15.55%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $993.06 million. During the same period in the prior year, the firm earned $2.42 earnings per share. SkyWest’s revenue was up 6.8% compared to the same quarter last year. Sell-side analysts anticipate that SkyWest, Inc. will post 10.69 earnings per share for the current fiscal 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.