Versor Investments LP Has $740,000 Stake in SkyWest, Inc. (NASDAQ:SKYW)

Versor Investments LP lessened its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 12.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,700 shares of the transportation company’s stock after selling 1,204 shares during the quarter. Versor Investments LP’s holdings in SkyWest were worth $740,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. NBC Securities Inc. raised its position in shares of SkyWest by 1,368.0% in the third 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 period. Kings Path Partners LLC bought a new stake in SkyWest during the second quarter valued at about $42,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of SkyWest in the second quarter worth about $54,000. CWM LLC lifted its position in shares of SkyWest by 57.3% during the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after purchasing an additional 279 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in SkyWest by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Stock Performance

Shares of NASDAQ SKYW opened at $112.27 on Wednesday. SkyWest, Inc. has a one year low of $42.11 and a one year high of $116.47. The company has a current ratio of 0.86, a quick ratio of 0.74 and a debt-to-equity ratio of 0.95. The business has a fifty day simple moving average of $88.80 and a 200 day simple moving average of $81.58. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 19.16 and a beta of 1.93.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a net margin of 7.29% and a return on equity of 11.02%. The business had revenue of $912.79 million for the quarter, compared to analysts’ expectations of $896.21 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The firm’s revenue for the quarter was up 19.1% on a year-over-year basis. Sell-side analysts expect that SkyWest, Inc. will post 7.16 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SKYW shares. Raymond James upped their price target on SkyWest from $100.00 to $114.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. TD Cowen upped their target price on shares of SkyWest from $95.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, SkyWest has a consensus rating of “Moderate Buy” and an average target price of $101.33.

Insider Activity

In related news, CEO Russell A. Childs sold 27,903 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 349,548 shares of the company’s stock, valued at $38,964,115.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Russell A. Childs sold 27,903 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $111.47, for a total transaction of $3,110,347.41. Following the completion of the sale, the chief executive officer now owns 349,548 shares in the company, valued at $38,964,115.56. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Eric Woodward sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $111.53, for a total transaction of $446,120.00. Following the sale, the chief accounting officer now directly owns 44,426 shares of the company’s stock, valued at approximately $4,954,831.78. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 92,467 shares of company stock worth $10,082,596. Company insiders own 2.00% of the company’s stock.

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.