Stratos Wealth Partners LTD. Acquires 18,520 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Stratos Wealth Partners LTD. raised its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 172.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,268 shares of the transportation company’s stock after purchasing an additional 18,520 shares during the period. Stratos Wealth Partners LTD.’s holdings in SkyWest were worth $2,931,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of SKYW. Glenmede Trust Co. NA raised its holdings in SkyWest by 0.9% during the 3rd quarter. Glenmede Trust Co. NA now owns 10,835 shares of the transportation company’s stock valued at $921,000 after acquiring an additional 98 shares during the period. Highland Capital Management LLC grew its position in shares of SkyWest by 6.1% in 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 in the last quarter. GAMMA Investing LLC raised its stake in shares of SkyWest by 14.4% during the 4th quarter. GAMMA Investing LLC now owns 1,561 shares of the transportation company’s stock valued at $156,000 after purchasing an additional 196 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in SkyWest by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,965 shares of the transportation company’s stock worth $1,803,000 after purchasing an additional 214 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in SkyWest by 1.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 28,728 shares of the transportation company’s stock worth $2,877,000 after purchasing an additional 300 shares during the period. Institutional investors own 81.30% of the company’s stock.

Analysts Set New Price Targets

SKYW has been the topic of several analyst reports. Raymond James reiterated an “outperform” rating and set a $130.00 price target (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st. TD Cowen increased their target price on shares of SkyWest from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Tuesday, November 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and set a $119.00 price target on shares of SkyWest in a research report on Friday, November 15th.

SkyWest Stock Up 0.5 %

Shares of NASDAQ SKYW opened at $116.76 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average of $109.20 and a 200-day moving average of $95.16. The firm has a market capitalization of $4.71 billion, a price-to-earnings ratio of 15.03 and a beta of 1.98. SkyWest, Inc. has a 12 month low of $57.15 and a 12 month high of $135.57.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.59. SkyWest had a net margin of 9.15% and a return on equity of 14.17%. During the same period in the previous year, the firm posted $0.42 earnings per share. Sell-side analysts expect that SkyWest, Inc. will post 8.57 earnings per share for the current fiscal year.

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.