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

Versor Investments LP lowered its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 12.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Pacer Advisors Inc. raised its position in shares of SkyWest by 2.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,252,410 shares of the transportation company’s stock valued at $184,855,000 after acquiring an additional 51,180 shares during the last quarter. American Century Companies Inc. grew its stake in SkyWest by 16.8% in the second quarter. American Century Companies Inc. now owns 1,151,578 shares of the transportation company’s stock valued at $94,510,000 after purchasing an additional 165,670 shares in the last quarter. SW Investment Management LLC increased its position in shares of SkyWest by 13.2% during the 2nd quarter. SW Investment Management LLC now owns 600,000 shares of the transportation company’s stock worth $49,242,000 after purchasing an additional 70,000 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of SkyWest by 90.2% in the second quarter. Victory Capital Management Inc. now owns 551,060 shares of the transportation company’s stock valued at $45,225,000 after buying an additional 261,349 shares in the last quarter. Finally, Millennium Management LLC grew its stake in shares of SkyWest by 27.7% in the second quarter. Millennium Management LLC now owns 445,990 shares of the transportation company’s stock valued at $36,602,000 after buying an additional 96,830 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Insider Buying and Selling at SkyWest

In other SkyWest news, Director Ronald J. Mittelstaedt sold 25,000 shares of SkyWest stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $112.06, for a total value of $2,801,500.00. Following the transaction, the director now owns 11,283 shares in the company, valued at $1,264,372.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other SkyWest news, Director Ronald J. Mittelstaedt sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $112.06, for a total transaction of $2,801,500.00. Following the sale, the director now owns 11,283 shares of the company’s stock, valued at approximately $1,264,372.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Wade J. Steel sold 19,079 shares of SkyWest stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $104.48, for a total transaction of $1,993,373.92. Following the completion of the sale, the insider now owns 97,654 shares of the company’s stock, valued at $10,202,889.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 92,467 shares of company stock valued at $10,082,596 in the last ninety days. 2.00% of the stock is currently owned by company insiders.

SkyWest Trading Down 1.7 %

Shares of NASDAQ:SKYW opened at $112.27 on Wednesday. The stock has a market cap of $4.53 billion, a PE ratio of 19.16 and a beta of 1.93. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 0.95. SkyWest, Inc. has a 12-month low of $42.11 and a 12-month high of $116.47. The business has a 50 day moving average of $88.80 and a 200-day moving average of $81.58.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, October 31st. The transportation company reported $2.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.24. SkyWest had a return on equity of 11.02% and a net margin of 7.29%. The company had revenue of $912.79 million during the quarter, compared to the consensus estimate of $896.21 million. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue was up 19.1% on a year-over-year basis. As a group, equities research analysts forecast that SkyWest, Inc. will post 7.16 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. TD Cowen increased their price target 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. Raymond James lifted 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. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, SkyWest has a consensus rating of “Moderate Buy” and a consensus price target of $101.33.

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.