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

Barclays PLC lifted its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 170,405 shares of the transportation company's stock after acquiring an additional 17,465 shares during the quarter. Barclays PLC owned approximately 0.42% of SkyWest worth $17,062,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SKYW. JPMorgan Chase & Co. raised its stake in SkyWest by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company's stock worth $30,396,000 after buying an additional 11,169 shares in the last quarter. Savant Capital LLC bought a new position in shares of SkyWest in the 4th quarter worth $242,000. Tidal Investments LLC purchased a new stake in shares of SkyWest during the 3rd quarter worth $648,000. Smartleaf Asset Management LLC grew its stake in SkyWest by 193.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company's stock valued at $87,000 after purchasing an additional 569 shares during the last quarter. Finally, Caprock Group LLC bought a new position in SkyWest in the fourth quarter worth about $275,000. Institutional investors own 81.30% of the company's stock.

SkyWest Stock Performance

SKYW traded up $1.84 on Thursday, reaching $88.83. 339,107 shares of the stock were exchanged, compared to its average volume of 398,506. The company's 50-day moving average price is $89.91 and its 200 day moving average price is $100.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. The firm has a market capitalization of $3.61 billion, a PE ratio of 11.43 and a beta of 1.83. SkyWest, Inc. has a fifty-two week low of $64.61 and a fifty-two week high of $135.57.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its earnings results on Thursday, April 24th. The transportation company reported $2.42 EPS for the quarter, beating analysts' consensus estimates of $2.01 by $0.41. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. As a group, sell-side analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SKYW shares. StockNews.com lowered shares of SkyWest from a "buy" rating to a "hold" rating in a report on Saturday, April 12th. The Goldman Sachs Group upgraded SkyWest from a "neutral" rating to a "buy" rating and dropped their target price for the stock from $119.00 to $117.00 in a research note on Tuesday, April 8th. Finally, 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.

Insider Activity at SkyWest

In related news, VP Greg Wooley sold 14,545 shares of SkyWest stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $105.73, for a total transaction 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 approximately $7,267,563.01. This trade represents a 17.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Robert J. Simmons sold 6,000 shares of the business'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 value of $681,420.00. Following the completion of 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 disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

SkyWest Company 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.