SkyWest, Inc. $SKYW Shares Sold by Caxton Associates LLP

Caxton Associates LLP trimmed its position in SkyWest, Inc. (NASDAQ:SKYW) by 53.3% during the second quarter, HoldingsChannel.com reports. The firm owned 11,260 shares of the transportation company’s stock after selling 12,872 shares during the quarter. Caxton Associates LLP’s holdings in SkyWest were worth $1,159,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its stake in SkyWest by 4.0% during the first quarter. Invesco Ltd. now owns 564,732 shares of the transportation company’s stock worth $49,341,000 after buying an additional 21,723 shares during the period. Russell Investments Group Ltd. boosted its position in SkyWest by 57.8% during the 1st quarter. Russell Investments Group Ltd. now owns 42,886 shares of the transportation company’s stock worth $3,747,000 after purchasing an additional 15,701 shares during the period. Capital Fund Management S.A. boosted its position in SkyWest by 232.4% during the 1st quarter. Capital Fund Management S.A. now owns 46,342 shares of the transportation company’s stock worth $4,049,000 after purchasing an additional 32,401 shares during the period. Martingale Asset Management L P increased its holdings in SkyWest by 25.1% in the 1st quarter. Martingale Asset Management L P now owns 15,163 shares of the transportation company’s stock valued at $1,325,000 after purchasing an additional 3,042 shares in the last quarter. Finally, Jump Financial LLC raised its position in SkyWest by 13.5% in the first quarter. Jump Financial LLC now owns 16,600 shares of the transportation company’s stock valued at $1,450,000 after purchasing an additional 1,979 shares during the period. Hedge funds and other institutional investors own 81.30% of the company’s stock.

Insider Buying and Selling

In other SkyWest news, Director Meredith Siegfried Madden sold 4,725 shares of the stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $106.54, for a total transaction of $503,401.50. Following the completion of the sale, the director directly owned 25,362 shares in the company, valued at approximately $2,702,067.48. This trade represents a 15.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

SkyWest Price Performance

SkyWest stock opened at $103.44 on Tuesday. The firm has a market cap of $4.15 billion, a P/E ratio of 9.87, a P/E/G ratio of 0.79 and a beta of 1.63. The stock’s 50 day moving average is $99.60 and its 200 day moving average is $105.36. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.71 and a quick ratio of 0.61. SkyWest, Inc. has a one year low of $74.70 and a one year high of $135.57.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.56 by $0.25. SkyWest had a net margin of 10.92% and a return on equity of 17.14%. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company earned $2.16 EPS. The company’s revenue for the quarter was up 15.0% on a year-over-year basis. As a group, research analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SKYW shares. Raymond James Financial upgraded SkyWest from a “moderate buy” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Citigroup initiated coverage on shares of SkyWest in a research note on Thursday, December 4th. They set a “neutral” rating and a $112.00 price objective on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of SkyWest in a research note on Wednesday, October 8th. Cantor Fitzgerald set a $132.00 price target on shares of SkyWest in a research note on Friday, October 31st. Finally, Zacks Research raised shares of SkyWest from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, SkyWest presently has a consensus rating of “Buy” and an average target price of $127.17.

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.