Precision Wealth Strategies LLC Invests $229,000 in SkyWest, Inc. (NASDAQ:SKYW)

Precision Wealth Strategies LLC bought 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 & Exchange Commission. The institutional investor bought 2,285 shares of the transportation company's stock, valued at approximately $229,000.

Several other large investors have also recently bought and sold shares of SKYW. Bank of Montreal Can increased its position in SkyWest by 21.8% during the second quarter. Bank of Montreal Can now owns 7,215 shares of the transportation company's stock worth $593,000 after acquiring an additional 1,292 shares during the period. Squarepoint Ops LLC boosted its position in SkyWest by 72.1% during the 2nd quarter. Squarepoint Ops LLC now owns 19,074 shares of the transportation company's stock worth $1,565,000 after buying an additional 7,988 shares during the period. AQR Capital Management LLC boosted its position in SkyWest by 64.0% during the 2nd quarter. AQR Capital Management LLC now owns 63,710 shares of the transportation company's stock worth $5,229,000 after buying an additional 24,874 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of SkyWest by 1.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,965 shares of the transportation company's stock worth $1,803,000 after purchasing an additional 214 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of SkyWest by 11.6% in the 2nd quarter. Cetera Investment Advisers now owns 29,940 shares of the transportation company's stock worth $2,457,000 after purchasing an additional 3,112 shares during the period. Institutional investors own 81.30% of the company's stock.

SkyWest Trading Up 0.0 %

SKYW stock traded up $0.04 during midday trading on Wednesday, reaching $119.00. The company's stock had a trading volume of 213,274 shares, compared to its average volume of 377,804. SkyWest, Inc. has a 1 year low of $57.15 and a 1 year high of $135.57. The stock has a fifty day simple moving average of $109.07 and a two-hundred day simple moving average of $94.85. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 15.28 and a beta of 1.98. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.76 and a current ratio of 0.78.

SkyWest (NASDAQ:SKYW - Get Free Report) last issued its quarterly earnings results 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 return on equity of 14.17% and a net margin of 9.15%. During the same period in the prior year, the firm earned $0.42 earnings per share. On average, equities research analysts predict that SkyWest, Inc. will post 8.57 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SKYW shares. The Goldman Sachs Group restated a "neutral" rating and issued a $119.00 price target on shares of SkyWest in a research report on Friday, November 15th. Raymond James reiterated an "outperform" rating and set a $130.00 price target (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st. Finally, TD Cowen upped their price objective on shares of SkyWest from $95.00 to $120.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, SkyWest presently has an average rating of "Moderate Buy" and an average price target of $109.75.

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.