Jackson Creek Investment Advisors LLC Sells 601 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Jackson Creek Investment Advisors LLC trimmed its position in SkyWest, Inc. (NASDAQ:SKYW) by 3.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,226 shares of the transportation company’s stock after selling 601 shares during the period. SkyWest makes up approximately 0.6% of Jackson Creek Investment Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Jackson Creek Investment Advisors LLC’s holdings in SkyWest were worth $1,925,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SKYW. Glenmede Trust Co. NA lifted its stake in SkyWest by 0.9% in the 3rd quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock valued at $921,000 after acquiring an additional 98 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of SkyWest by 0.5% in the fourth quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company’s stock worth $1,953,000 after purchasing an additional 100 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in SkyWest by 1.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company’s stock worth $951,000 after purchasing an additional 100 shares during the last quarter. Highland Capital Management LLC increased its stake in SkyWest by 6.1% in the 4th quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company’s stock valued at $279,000 after buying an additional 160 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in SkyWest by 14.4% during the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock worth $156,000 after buying an additional 196 shares in the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $119.00 target price on shares of SkyWest in a research report on Friday, November 15th. Raymond James reissued an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st.

SkyWest Trading Down 4.1 %

SkyWest stock opened at $89.14 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. The stock has a 50-day simple moving average of $107.31 and a 200 day simple moving average of $98.80. The stock has a market capitalization of $3.60 billion, a P/E ratio of 11.47 and a beta of 1.98. SkyWest, Inc. has a 52 week low of $64.30 and a 52 week high of $135.57.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same quarter last year, the firm posted $0.42 EPS. Analysts expect that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Insider Buying and Selling at SkyWest

In other SkyWest news, CFO Robert J. Simmons sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $113.57, for a total transaction of $681,420.00. Following the completion of the sale, the chief financial officer now directly owns 175,067 shares in the company, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Greg Wooley sold 14,545 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the completion of the transaction, the vice president now directly owns 68,737 shares in the company, valued at $7,267,563.01. The trade was a 17.46 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

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.