SkyWest, Inc. (NASDAQ:SKYW) Shares Acquired by Barclays PLC

Barclays PLC boosted its position in SkyWest, Inc. (NASDAQ:SKYW) by 11.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 170,405 shares of the transportation company’s stock after buying an additional 17,465 shares during the quarter. Barclays PLC’s holdings in SkyWest were worth $17,062,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new stake in shares of SkyWest during the third quarter worth about $31,000. New Age Alpha Advisors LLC purchased a new stake in SkyWest during the 4th quarter worth approximately $39,000. Headlands Technologies LLC acquired a new position in shares of SkyWest in the 4th quarter valued at approximately $45,000. Private Trust Co. NA grew its position in shares of SkyWest by 157.1% during the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company’s stock worth $49,000 after buying an additional 300 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in shares of SkyWest in the fourth quarter worth $50,000. 81.30% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SKYW shares. The Goldman Sachs Group upgraded shares of SkyWest from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $119.00 to $117.00 in a research note on Tuesday, April 8th. Raymond James decreased their price target on SkyWest from $130.00 to $125.00 and set an “outperform” rating for the company in a research note on Wednesday, April 2nd. Finally, StockNews.com cut SkyWest from a “buy” rating to a “hold” rating in a research note on Saturday, April 12th.

SkyWest Stock Down 0.4 %

Shares of NASDAQ:SKYW opened at $85.38 on Monday. The company’s fifty day moving average is $91.39 and its two-hundred day moving average is $100.90. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. SkyWest, Inc. has a 1-year low of $64.61 and a 1-year high of $135.57. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 10.99 and a beta of 1.83.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share for the quarter, topping the consensus estimate of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same quarter last year, the business earned $0.42 EPS. Equities analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Buying and Selling

In other SkyWest news, VP Greg Wooley sold 14,545 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total value of $1,537,842.85. Following the sale, the vice president now directly owns 68,737 shares of the company’s stock, valued at $7,267,563.01. This trade represents a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 175,067 shares of the company’s stock, valued at approximately $19,882,359.19. This trade represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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.