Bessemer Group Inc. Has $335,000 Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Bessemer Group Inc. increased its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 60.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,348 shares of the transportation company’s stock after buying an additional 1,264 shares during the period. Bessemer Group Inc.’s holdings in SkyWest were worth $335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Wealthfront Advisers LLC bought a new stake in shares of SkyWest during the 4th quarter valued at $146,935,000. American Century Companies Inc. lifted its position in SkyWest by 7.5% during the fourth quarter. American Century Companies Inc. now owns 1,390,300 shares of the transportation company’s stock worth $139,211,000 after purchasing an additional 97,108 shares during the period. Geode Capital Management LLC grew its stake in SkyWest by 0.7% during the third quarter. Geode Capital Management LLC now owns 960,739 shares of the transportation company’s stock worth $81,697,000 after buying an additional 6,542 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in SkyWest by 3.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 709,355 shares of the transportation company’s stock valued at $71,028,000 after buying an additional 26,561 shares during the period. Finally, Invesco Ltd. lifted its holdings in shares of SkyWest by 4.2% during the 4th quarter. Invesco Ltd. now owns 543,009 shares of the transportation company’s stock worth $54,371,000 after acquiring an additional 21,637 shares during the period. 81.30% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Stock Up 0.4 %

Shares of NASDAQ:SKYW opened at $85.48 on Wednesday. SkyWest, Inc. has a 52-week low of $64.61 and a 52-week high of $135.57. The company has a market capitalization of $3.47 billion, a PE ratio of 11.00 and a beta of 1.83. 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 company has a fifty day moving average of $93.06 and a 200-day moving average of $100.76.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the firm earned $0.42 earnings per share. On average, equities analysts predict that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Robert J. Simmons sold 6,000 shares of SkyWest stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $113.57, for a total value of $681,420.00. Following the transaction, the chief financial officer now directly owns 175,067 shares of the company’s stock, valued at $19,882,359.19. The trade was a 3.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, the vice president now owns 68,737 shares in the company, valued at $7,267,563.01. The trade was a 17.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on SKYW. The Goldman Sachs Group raised shares of SkyWest from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $119.00 to $117.00 in a research note on Tuesday, April 8th. Raymond James lowered their price target on SkyWest from $130.00 to $125.00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. Finally, StockNews.com lowered SkyWest from a “buy” rating to a “hold” rating in a research note on Saturday.

SkyWest 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.