SkyWest, Inc. (NASDAQ:SKYW) Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. boosted its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 172.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 29,268 shares of the transportation company's stock after buying an additional 18,520 shares during the quarter. Stratos Wealth Partners LTD. owned 0.07% of SkyWest worth $2,931,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. FMR LLC increased its position in shares of SkyWest by 42.2% in the 3rd quarter. FMR LLC now owns 484,147 shares of the transportation company's stock valued at $41,162,000 after purchasing an additional 143,661 shares during the last quarter. Barclays PLC increased its position in shares of SkyWest by 563.8% in the 3rd quarter. Barclays PLC now owns 152,940 shares of the transportation company's stock valued at $13,002,000 after purchasing an additional 129,901 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of SkyWest by 12.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 682,794 shares of the transportation company's stock valued at $58,051,000 after purchasing an additional 76,007 shares during the last quarter. Citigroup Inc. increased its position in shares of SkyWest by 50.8% in the 3rd quarter. Citigroup Inc. now owns 61,565 shares of the transportation company's stock valued at $5,234,000 after purchasing an additional 20,752 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of SkyWest by 9.1% in the 3rd quarter. Principal Financial Group Inc. now owns 216,574 shares of the transportation company's stock valued at $18,413,000 after purchasing an additional 18,047 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SKYW. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $119.00 target price on shares of SkyWest in a research report on Friday, November 15th. Raymond James reaffirmed an "outperform" rating and issued a $130.00 target price (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st. Finally, TD Cowen increased their target price on shares of SkyWest from $95.00 to $120.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th.

SkyWest Stock Performance

NASDAQ:SKYW traded down $3.16 during trading hours on Tuesday, reaching $110.16. 314,642 shares of the company's stock were exchanged, compared to its average volume of 393,334. The firm has a market capitalization of $4.44 billion, a price-to-earnings ratio of 14.18 and a beta of 1.98. The company has a 50-day moving average of $109.22 and a 200 day moving average of $95.74. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 1-year low of $57.15 and a 1-year high of $135.57.

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 analysts' consensus estimates 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 in the previous year, the company posted $0.42 earnings per share. Research analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current 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.