Caprock Group LLC Purchases New Shares in SkyWest, Inc. (NASDAQ:SKYW)

Caprock Group LLC purchased a new position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 2,744 shares of the transportation company's stock, valued at approximately $275,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company increased its position in SkyWest by 1.0% in 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 period. Cetera Investment Advisers grew its position in shares of SkyWest by 11.6% during the second quarter. Cetera Investment Advisers now owns 29,940 shares of the transportation company's stock worth $2,457,000 after acquiring an additional 3,112 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of SkyWest by 47.1% in the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the transportation company's stock worth $116,000 after acquiring an additional 437 shares during the period. CWM LLC lifted its position in SkyWest by 259.8% in the 3rd quarter. CWM LLC now owns 2,756 shares of the transportation company's stock valued at $234,000 after purchasing an additional 1,990 shares during the last quarter. Finally, Ritholtz Wealth Management boosted its stake in SkyWest by 72.4% during the 3rd quarter. Ritholtz Wealth Management now owns 9,453 shares of the transportation company's stock valued at $804,000 after purchasing an additional 3,970 shares during the period. 81.30% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Price Performance

Shares of NASDAQ:SKYW traded down $3.44 during trading on Monday, reaching $113.32. The company had a trading volume of 576,128 shares, compared to its average volume of 396,340. The firm's fifty day moving average is $109.24 and its 200 day moving average is $95.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 0.78. The firm has a market capitalization of $4.57 billion, a PE ratio of 14.58 and a beta of 1.98. SkyWest, Inc. has a twelve month low of $57.15 and a twelve month high of $135.57.

SkyWest (NASDAQ:SKYW - Get Free Report) last released 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 period in the prior year, the business earned $0.42 earnings per share. On average, equities analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SKYW. Raymond James restated an "outperform" rating and issued a $130.00 price target (up previously from $120.00) on shares of SkyWest in a research note on Friday, January 31st. TD Cowen raised their target price on SkyWest from $95.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and set a $119.00 price target on shares of SkyWest in a research report on Friday, November 15th.

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.