SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by U S Global Investors Inc.

U S Global Investors Inc. cut its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 24.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 401,058 shares of the transportation company’s stock after selling 127,410 shares during the period. SkyWest comprises approximately 3.3% of U S Global Investors Inc.’s investment portfolio, making the stock its 8th biggest position. U S Global Investors Inc. owned approximately 1.00% of SkyWest worth $34,098,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. boosted its position in SkyWest by 1,368.0% during the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 342 shares during the last quarter. Kings Path Partners LLC bought a new stake in SkyWest during the second quarter valued at $42,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in SkyWest during the second quarter valued at $54,000. CWM LLC boosted its position in SkyWest by 57.3% during the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after acquiring an additional 279 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in SkyWest by 45.9% during the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after acquiring an additional 292 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

SkyWest Trading Down 0.3 %

SKYW traded down $0.29 during trading on Tuesday, reaching $95.29. 875 shares of the stock traded hands, compared to its average volume of 404,920. The stock has a market capitalization of $3.82 billion, a PE ratio of 22.54 and a beta of 1.95. The stock’s 50-day moving average is $80.95 and its 200 day moving average is $78.25. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. SkyWest, Inc. has a 12 month low of $36.91 and a 12 month high of $96.82.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.09. The company had revenue of $867.10 million for the quarter, compared to analysts’ expectations of $826.56 million. SkyWest had a net margin of 5.55% and a return on equity of 8.18%. The business’s revenue was up 19.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 EPS. Equities analysts anticipate that SkyWest, Inc. will post 6.88 earnings per share for the current year.

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.