Universal Beteiligungs und Servicegesellschaft mbH Has $4.03 Million Stock Position in SkyWest, Inc. $SKYW

Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 55.2% during the third quarter, HoldingsChannel reports. The fund owned 40,048 shares of the transportation company’s stock after acquiring an additional 14,251 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in SkyWest were worth $4,030,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in SKYW. American Century Companies Inc. lifted its holdings in shares of SkyWest by 3.9% in the second quarter. American Century Companies Inc. now owns 1,565,354 shares of the transportation company’s stock valued at $161,185,000 after purchasing an additional 59,435 shares in the last quarter. Geode Capital Management LLC raised its position in SkyWest by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,009,759 shares of the transportation company’s stock valued at $103,992,000 after buying an additional 19,521 shares during the last quarter. SW Investment Management LLC lifted its stake in SkyWest by 5.9% during the 2nd quarter. SW Investment Management LLC now owns 900,000 shares of the transportation company’s stock valued at $92,673,000 after acquiring an additional 50,000 shares in the last quarter. Invesco Ltd. boosted its holdings in SkyWest by 1.5% during the 2nd quarter. Invesco Ltd. now owns 573,074 shares of the transportation company’s stock worth $59,009,000 after acquiring an additional 8,342 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of SkyWest by 5.8% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 540,820 shares of the transportation company’s stock worth $55,688,000 after acquiring an additional 29,616 shares in the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Stock Performance

Shares of SKYW opened at $98.20 on Wednesday. SkyWest, Inc. has a 1 year low of $74.70 and a 1 year high of $135.57. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.71 and a quick ratio of 0.61. The stock’s fifty day moving average price is $101.01 and its two-hundred day moving average price is $105.06. The firm has a market cap of $3.94 billion, a PE ratio of 9.37, a PEG ratio of 0.69 and a beta of 1.66.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.56 by $0.25. SkyWest had a return on equity of 17.14% and a net margin of 10.92%.The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same quarter last year, the firm posted $2.16 EPS. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. On average, equities research analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current year.

Insider Buying and Selling at SkyWest

In other news, Director Meredith Siegfried Madden sold 4,725 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $106.54, for a total value of $503,401.50. Following the sale, the director owned 25,362 shares of the company’s stock, valued at $2,702,067.48. The trade was a 15.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. TD Cowen dropped their price target on shares of SkyWest from $132.00 to $122.00 and set a “buy” rating on the stock in a research report on Monday. Citigroup started coverage on shares of SkyWest in a research report on Thursday, December 4th. They set a “neutral” rating and a $112.00 target price on the stock. Cantor Fitzgerald set a $122.00 target price on SkyWest in a research note on Monday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SkyWest in a research report on Thursday, January 22nd. Finally, Zacks Research cut SkyWest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $123.83.

SkyWest Profile

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.