SkyWest, Inc. (NASDAQ:SKYW) Shares Purchased by Invesco Ltd.

Invesco Ltd. lifted its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 543,009 shares of the transportation company's stock after acquiring an additional 21,637 shares during the period. Invesco Ltd. owned 1.35% of SkyWest worth $54,371,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position in shares of SkyWest by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 357,510 shares of the transportation company's stock valued at $30,396,000 after purchasing an additional 11,169 shares during the period. Barclays PLC grew its holdings in 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 buying an additional 129,901 shares during the period. Savant Capital LLC acquired a new position in shares of SkyWest during the 4th quarter valued at about $242,000. Tidal Investments LLC purchased a new position in shares of SkyWest during the 3rd quarter worth about $648,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of SkyWest by 193.5% in 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 during the last quarter. Hedge funds and other institutional investors own 81.30% of the company's stock.

SkyWest Stock Down 2.9 %

SkyWest stock traded down $2.51 during trading on Monday, reaching $82.87. 25,780 shares of the company's stock were exchanged, compared to its average volume of 397,827. The company's 50-day moving average is $91.39 and its two-hundred day moving average is $100.90. 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 52-week low of $64.61 and a 52-week high of $135.57. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 10.71 and a beta of 1.83.

SkyWest (NASDAQ:SKYW - Get Free Report) last announced its earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, beating the consensus estimate of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same quarter in the prior year, the company posted $0.42 EPS. On average, analysts predict that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SKYW shares. Raymond James cut their price target 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 lowered SkyWest from a "buy" rating to a "hold" rating in a research report on Saturday, April 12th. Finally, The Goldman Sachs Group raised SkyWest from a "neutral" rating to a "buy" rating and lowered their price target for the company from $119.00 to $117.00 in a research report on Tuesday, April 8th.

Insider Buying and Selling

In related news, VP Greg Wooley sold 14,545 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $105.73, for a total value of $1,537,842.85. Following the sale, the vice president now directly owns 68,737 shares of the company's stock, valued at $7,267,563.01. This represents a 17.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Robert J. Simmons sold 6,000 shares of the firm'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 transaction, the chief financial officer now directly owns 175,067 shares of the company's stock, valued at approximately $19,882,359.19. This represents a 3.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by 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.