PharVision Advisers LLC Acquires Shares of 4,133 SkyWest, Inc. (NASDAQ:SKYW)

PharVision Advisers LLC bought a new position in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 4,133 shares of the transportation company's stock, valued at approximately $414,000.

Other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its holdings in shares of SkyWest by 0.5% during the 4th quarter. Louisiana State Employees Retirement System now owns 19,500 shares of the transportation company's stock valued at $1,953,000 after acquiring an additional 100 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in SkyWest by 1.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 9,495 shares of the transportation company's stock worth $951,000 after purchasing an additional 100 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in SkyWest by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 4,145 shares of the transportation company's stock worth $415,000 after purchasing an additional 131 shares during the period. Highland Capital Management LLC grew its holdings in SkyWest by 6.1% during the fourth 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. Finally, Comerica Bank raised its position in shares of SkyWest by 1.1% in the fourth quarter. Comerica Bank now owns 14,786 shares of the transportation company's stock valued at $1,481,000 after purchasing an additional 161 shares during the period. 81.30% of the stock is currently owned by institutional investors.

SkyWest Stock Performance

Shares of SKYW traded down $0.73 during mid-day trading on Monday, hitting $97.92. The company's stock had a trading volume of 162,895 shares, compared to its average volume of 396,351. The stock's 50-day moving average is $91.20 and its two-hundred day moving average is $100.89. The firm has a market capitalization of $3.96 billion, a PE ratio of 12.60 and a beta of 1.88. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.68 and a current ratio of 0.78. SkyWest, Inc. has a one year low of $64.61 and a one year high of $135.57.

SkyWest (NASDAQ:SKYW - Get Free Report) last released its earnings results on Thursday, April 24th. The transportation company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.04 by $0.38. The firm had revenue of $948.46 million during the quarter, compared to analysts' expectations of $946.13 million. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. The business's quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.45 EPS. As a group, sell-side analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

SkyWest declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 7th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the transportation company to repurchase up to 6.4% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on SKYW shares. The Goldman Sachs Group raised shares of SkyWest from a "neutral" rating to a "buy" rating and decreased their price objective for the stock from $119.00 to $117.00 in a report on Tuesday, April 8th. Raymond James dropped their target price on shares of SkyWest from $130.00 to $125.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Finally, Wall Street Zen upgraded shares of SkyWest from a "hold" rating to a "buy" rating in a report on Friday, May 16th.

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.