35,696 Shares in SkyWest, Inc. (NASDAQ:SKYW) Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH 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 35,696 shares of the transportation company's stock, valued at approximately $3,574,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of SkyWest at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. New Age Alpha Advisors LLC acquired a new stake in shares of SkyWest during the 4th quarter worth approximately $39,000. Headlands Technologies LLC acquired a new position in shares of SkyWest in the fourth quarter valued at approximately $45,000. Private Trust Co. NA lifted its position in shares of SkyWest by 157.1% in the fourth quarter. Private Trust Co. NA now owns 491 shares of the transportation company's stock worth $49,000 after purchasing an additional 300 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of SkyWest by 117.2% in the fourth quarter. Jones Financial Companies Lllp now owns 832 shares of the transportation company's stock worth $83,000 after purchasing an additional 449 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in SkyWest by 193.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 863 shares of the transportation company's stock worth $87,000 after acquiring an additional 569 shares in the last quarter. 81.30% of the stock is owned by institutional investors.

SkyWest Trading Up 0.2%

NASDAQ SKYW traded up $0.19 during trading hours on Thursday, reaching $100.84. The company's stock had a trading volume of 302,160 shares, compared to its average volume of 388,807. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.78 and a quick ratio of 0.68. SkyWest, Inc. has a 52 week low of $64.61 and a 52 week high of $135.57. The firm has a fifty day simple moving average of $93.04 and a 200-day simple moving average of $100.40. The stock has a market cap of $4.08 billion, a P/E ratio of 12.98 and a beta of 1.88.

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

SkyWest declared that its board has initiated a share repurchase program on Wednesday, May 7th that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the transportation company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

Insider Activity at SkyWest

In other SkyWest news, insider Wade J. Steel sold 15,000 shares of SkyWest stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $101.02, for a total transaction of $1,515,300.00. Following the transaction, the insider now directly owns 119,416 shares of the company's stock, valued at $12,063,404.32. The trade was a 11.16% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Russell A. Childs sold 17,000 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $100.91, for a total value of $1,715,470.00. Following the sale, the chief executive officer now owns 449,242 shares in the company, valued at approximately $45,333,010.22. This represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 49,000 shares of company stock valued at $4,994,520. 2.00% of the stock is owned by company insiders.

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.