Stratos Wealth Partners LTD. Acquires 18,520 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Stratos Wealth Partners LTD. boosted its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 172.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 29,268 shares of the transportation company’s stock after purchasing an additional 18,520 shares during the quarter. Stratos Wealth Partners LTD. owned about 0.07% of SkyWest worth $2,931,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Glenmede Trust Co. NA increased its holdings in shares of SkyWest by 0.9% during the third 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. Highland Capital Management LLC grew its position 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 purchasing an additional 160 shares during the period. GAMMA Investing LLC increased its stake in SkyWest by 14.4% during the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 196 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in SkyWest by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 21,965 shares of the transportation company’s stock worth $1,803,000 after buying an additional 214 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of SkyWest by 1.1% during the fourth quarter. Nisa Investment Advisors LLC now owns 28,728 shares of the transportation company’s stock valued at $2,877,000 after buying an additional 300 shares during the last quarter. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Stock Performance

SKYW stock opened at $116.76 on Friday. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. The firm has a market cap of $4.71 billion, a PE ratio of 15.03 and a beta of 1.98. The business has a 50 day moving average of $109.20 and a 200-day moving average of $95.16. SkyWest, Inc. has a 12-month low of $57.15 and a 12-month high of $135.57.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating 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 period in the prior year, the firm posted $0.42 earnings per share. As a group, sell-side analysts expect that SkyWest, Inc. will post 8.57 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $119.00 price objective on shares of SkyWest in a report on Friday, November 15th. Raymond James restated an “outperform” rating and set a $130.00 price objective (up from $120.00) on shares of SkyWest in a research note on Friday, January 31st. Finally, TD Cowen upped their target price on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th.

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.