SkyWest, Inc. $SKYW Shares Acquired by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC raised its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 1,124.8% in the second quarter, HoldingsChannel reports. The firm owned 28,759 shares of the transportation company’s stock after acquiring an additional 26,411 shares during the period. Campbell & CO Investment Adviser LLC’s holdings in SkyWest were worth $2,961,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SKYW. Soltis Investment Advisors LLC increased its stake in shares of SkyWest by 0.4% in the second quarter. Soltis Investment Advisors LLC now owns 21,920 shares of the transportation company’s stock valued at $2,257,000 after purchasing an additional 95 shares during the period. GK Wealth Management LLC grew its holdings in SkyWest by 2.4% in the 1st quarter. GK Wealth Management LLC now owns 4,600 shares of the transportation company’s stock worth $402,000 after buying an additional 106 shares in the last quarter. Maryland State Retirement & Pension System increased its position in SkyWest by 0.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 11,893 shares of the transportation company’s stock valued at $1,225,000 after acquiring an additional 106 shares during the period. Hohimer Wealth Management LLC raised its stake in SkyWest by 4.7% during the 1st quarter. Hohimer Wealth Management LLC now owns 2,829 shares of the transportation company’s stock valued at $247,000 after acquiring an additional 126 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in SkyWest by 38.4% during the 2nd quarter. Fifth Third Bancorp now owns 551 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 153 shares in the last quarter. Institutional investors own 81.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Raymond James Financial raised SkyWest from a “moderate buy” rating to a “strong-buy” rating in a research note on Wednesday, October 1st. Cowen reiterated a “buy” rating on shares of SkyWest in a research report on Friday, October 31st. Zacks Research raised shares of SkyWest from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. TD Cowen upped their price target on shares of SkyWest from $124.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, October 31st. Finally, Cantor Fitzgerald set a $132.00 price objective on shares of SkyWest in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and five have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $130.20.

Insiders Place Their Bets

In other SkyWest news, Director James L. Welch sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $116.09, for a total value of $1,160,900.00. Following the transaction, the director owned 27,717 shares of the company’s stock, valued at approximately $3,217,666.53. This represents a 26.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Russell A. Childs sold 26,000 shares of the stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $116.06, for a total value of $3,017,560.00. Following the sale, the chief executive officer owned 404,883 shares of the company’s stock, valued at $46,990,720.98. This trade represents a 6.03% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 38,000 shares of company stock worth $4,412,120. 2.00% of the stock is owned by insiders.

SkyWest Price Performance

Shares of SkyWest stock opened at $98.60 on Monday. SkyWest, Inc. has a 52 week low of $74.70 and a 52 week high of $135.57. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.78. The stock has a market cap of $3.95 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.95 and a beta of 1.86. The company’s 50-day moving average price is $103.29 and its two-hundred day moving average price is $104.84.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.25. SkyWest had a net margin of 10.62% and a return on equity of 16.69%. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter in the previous year, the company posted $2.16 EPS. The business’s revenue was up 15.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

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.