SkyWest, Inc. (NASDAQ:SKYW) Position Decreased by U S Global Investors Inc.

U S Global Investors Inc. lessened its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 24.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 401,058 shares of the transportation company's stock after selling 127,410 shares during the period. SkyWest comprises approximately 3.3% of U S Global Investors Inc.'s investment portfolio, making the stock its 8th biggest holding. U S Global Investors Inc. owned approximately 1.00% of SkyWest worth $34,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SKYW. NBC Securities Inc. raised its stake in shares of SkyWest by 1,368.0% during the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company's stock valued at $31,000 after acquiring an additional 342 shares in the last quarter. Kings Path Partners LLC bought a new stake in shares of SkyWest during the second quarter valued at approximately $42,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of SkyWest during the second quarter valued at approximately $54,000. CWM LLC raised its stake in SkyWest by 57.3% in the second quarter. CWM LLC now owns 766 shares of the transportation company's stock worth $63,000 after buying an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in SkyWest by 45.9% in the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company's stock worth $76,000 after buying an additional 292 shares in the last quarter. Institutional investors own 81.30% of the company's stock.

SkyWest Stock Down 0.8 %

NASDAQ:SKYW traded down $0.77 during trading hours on Tuesday, reaching $94.81. The company's stock had a trading volume of 198,208 shares, compared to its average volume of 405,888. The company has a market capitalization of $3.80 billion, a P/E ratio of 22.47 and a beta of 1.95. SkyWest, Inc. has a 12 month low of $36.91 and a 12 month high of $96.82. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.84. The stock has a 50 day moving average price of $80.95 and a two-hundred day moving average price of $78.25.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.82 EPS for the quarter, topping analysts' consensus estimates of $1.73 by $0.09. SkyWest had a net margin of 5.55% and a return on equity of 8.18%. The company had revenue of $867.10 million during the quarter, compared to the consensus estimate of $826.56 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. SkyWest's revenue for the quarter was up 19.5% compared to the same quarter last year. Equities analysts predict that SkyWest, Inc. will post 6.88 EPS for the current fiscal year.

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.