Barclays PLC Buys 17,465 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Barclays PLC raised its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 11.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 170,405 shares of the transportation company's stock after acquiring an additional 17,465 shares during the period. Barclays PLC owned approximately 0.42% of SkyWest worth $17,062,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Wealthfront Advisers LLC acquired a new position in shares of SkyWest during the 4th quarter worth about $146,935,000. Norges Bank bought a new position in SkyWest during the 4th quarter worth approximately $23,851,000. Arrowstreet Capital Limited Partnership grew its holdings in SkyWest by 57.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 525,722 shares of the transportation company's stock valued at $52,641,000 after purchasing an additional 192,543 shares during the period. Renaissance Technologies LLC increased its stake in SkyWest by 47.5% in the fourth quarter. Renaissance Technologies LLC now owns 399,324 shares of the transportation company's stock valued at $39,984,000 after purchasing an additional 128,524 shares in the last quarter. Finally, LSV Asset Management raised its holdings in SkyWest by 358.6% in the fourth quarter. LSV Asset Management now owns 147,206 shares of the transportation company's stock worth $14,740,000 after purchasing an additional 115,106 shares during the period. Institutional investors and hedge funds own 81.30% of the company's stock.

Insiders Place Their Bets

In other news, VP Greg Wooley sold 14,545 shares of the company's 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 sale, the vice president now owns 68,737 shares in the company, valued at $7,267,563.01. This represents a 17.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Robert J. Simmons sold 6,000 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $113.57, for a total transaction of $681,420.00. Following the sale, the chief financial officer now directly owns 175,067 shares in the company, valued at $19,882,359.19. This trade represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Raymond James lowered their price objective on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating for the company in a research report on Wednesday, April 2nd. The Goldman Sachs Group raised SkyWest from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $119.00 to $117.00 in a research report on Tuesday, April 8th. Finally, StockNews.com lowered SkyWest from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th.

SkyWest Stock Down 1.8 %

Shares of SKYW stock traded down $1.64 on Friday, hitting $87.46. 128,196 shares of the stock were exchanged, compared to its average volume of 396,143. The company has a current ratio of 0.78, a quick ratio of 0.68 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $3.55 billion, a P/E ratio of 11.24 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. The business has a 50-day moving average of $89.49 and a 200 day moving average of $100.71.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The transportation company reported $2.42 earnings per share for the quarter, topping analysts' consensus estimates of $2.04 by $0.38. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. The firm had revenue of $948.46 million during the quarter, compared to the consensus estimate of $946.13 million. Equities 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.