Public Employees Retirement System of Ohio Sells 13,598 Shares of SkyWest, Inc. (SKYW)

Public Employees Retirement System of Ohio trimmed its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 64.2% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,588 shares of the transportation company’s stock after selling 13,598 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in SkyWest were worth $266,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Legal & General Group Plc grew its stake in SkyWest by 9.1% in the 2nd quarter. Legal & General Group Plc now owns 93,386 shares of the transportation company’s stock valued at $3,277,000 after acquiring an additional 7,821 shares during the period. Systematic Financial Management LP grew its stake in SkyWest by 31.1% in the 2nd quarter. Systematic Financial Management LP now owns 234,089 shares of the transportation company’s stock valued at $8,217,000 after acquiring an additional 55,514 shares during the period. Victory Capital Management Inc. grew its stake in SkyWest by 1.9% in the 2nd quarter. Victory Capital Management Inc. now owns 759,204 shares of the transportation company’s stock valued at $26,648,000 after acquiring an additional 14,217 shares during the period. Goldman Sachs Group Inc. grew its stake in SkyWest by 45.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 142,553 shares of the transportation company’s stock valued at $5,003,000 after acquiring an additional 44,246 shares during the period. Finally, Kennedy Capital Management Inc. grew its stake in SkyWest by 25.0% in the 2nd quarter. Kennedy Capital Management Inc. now owns 421,482 shares of the transportation company’s stock valued at $14,794,000 after acquiring an additional 84,205 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Shares of SkyWest, Inc. (SKYW) opened at $48.10 on Thursday. SkyWest, Inc. has a one year low of $30.40 and a one year high of $48.45. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 1.61. The stock has a market cap of $2,470.30, a price-to-earnings ratio of 15.13 and a beta of 1.74.

SkyWest (NASDAQ:SKYW) last announced its earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.03. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. The company had revenue of $831.93 million for the quarter, compared to analysts’ expectations of $817.43 million. During the same quarter in the previous year, the company posted $0.90 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. sell-side analysts forecast that SkyWest, Inc. will post 3.32 earnings per share for the current year.

In other SkyWest news, CEO Russell A. Childs sold 1,766 shares of SkyWest stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $47.22, for a total transaction of $83,390.52. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Wade J. Steel sold 4,500 shares of SkyWest stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $47.00, for a total transaction of $211,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,134 shares of company stock worth $571,156. 3.50% of the stock is currently owned by corporate insiders.

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A number of equities research analysts recently issued reports on SKYW shares. Zacks Investment Research raised shares of SkyWest from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday, October 3rd. ValuEngine cut shares of SkyWest from a “strong-buy” rating to a “buy” rating in a research note on Monday, September 4th. Deutsche Bank AG lifted their price target on shares of SkyWest from $47.00 to $55.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Imperial Capital lifted their price target on shares of SkyWest from $38.00 to $47.00 and gave the company an “in-line” rating in a research note on Tuesday, October 31st. Finally, Cowen and Company lifted their price target on shares of SkyWest from $44.00 to $52.00 and gave the company an “outperform” rating in a research note on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and three have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $47.50.

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.

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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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