3,172 Shares in SkyWest, Inc. (NASDAQ:SKYW) Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in SkyWest, Inc. (NASDAQ:SKYW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 3,172 shares of the transportation company's stock, valued at approximately $318,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SKYW. Barclays PLC boosted its stake 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. Ritholtz Wealth Management boosted its stake in shares of SkyWest by 38.7% in the 4th quarter. Ritholtz Wealth Management now owns 13,116 shares of the transportation company's stock valued at $1,313,000 after purchasing an additional 3,663 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of SkyWest by 1.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 28,728 shares of the transportation company's stock valued at $2,877,000 after purchasing an additional 300 shares during the last quarter. Sound Income Strategies LLC bought a new position in shares of SkyWest in the 4th quarter valued at about $50,000. Finally, Highland Capital Management LLC boosted its stake in shares of SkyWest by 6.1% in the 4th quarter. Highland Capital Management LLC now owns 2,783 shares of the transportation company's stock valued at $279,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company's stock.

SkyWest Trading Down 2.3%

SkyWest stock traded down $2.31 during midday trading on Wednesday, hitting $98.34. 259,755 shares of the stock were exchanged, compared to its average volume of 396,495. The company has a fifty day simple moving average of $90.55 and a two-hundred day simple moving average of $101.11. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57. The stock has a market capitalization of $3.98 billion, a PE ratio of 12.66 and a beta of 1.88. The company has a quick ratio of 0.68, a current ratio of 0.78 and a debt-to-equity ratio of 0.89.

SkyWest (NASDAQ:SKYW - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The transportation company reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $2.04 by $0.38. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. The firm had revenue of $948.46 million for the quarter, compared to analyst estimates of $946.13 million. During the same quarter in the previous year, the firm posted $1.45 earnings per share. The business's revenue was up 18.0% on a year-over-year basis. Equities research analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

SkyWest declared that its Board of Directors has authorized a share buyback plan on Wednesday, May 7th that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the transportation company to buy up to 6.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SKYW. Raymond James reduced their target price on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 2nd. StockNews.com raised shares of SkyWest from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Finally, The Goldman Sachs Group raised shares of SkyWest from a "neutral" rating to a "buy" rating and reduced their price objective for the stock from $119.00 to $117.00 in a research note on Tuesday, April 8th.

About SkyWest

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.