SkyWest, Inc. (NASDAQ:SKYW) Shares Sold by USA Financial Formulas

USA Financial Formulas lowered its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 40.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 721 shares of the transportation company’s stock after selling 490 shares during the period. USA Financial Formulas’ holdings in SkyWest were worth $61,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Bridgeway Capital Management LLC increased its stake in SkyWest by 1.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 356,400 shares of the transportation company’s stock valued at $18,604,000 after buying an additional 6,126 shares during the period. Par Capital Management Inc. increased its position in shares of SkyWest by 2.5% during the 4th quarter. Par Capital Management Inc. now owns 244,441 shares of the transportation company’s stock valued at $12,760,000 after purchasing an additional 6,000 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of SkyWest by 46.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 424,239 shares of the transportation company’s stock worth $22,145,000 after buying an additional 134,066 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of SkyWest in the fourth quarter valued at $52,000. Finally, Fisher Asset Management LLC bought a new position in SkyWest during the fourth quarter valued at about $313,000. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Price Performance

NASDAQ SKYW opened at $88.68 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.84. The stock has a market capitalization of $3.56 billion, a P/E ratio of 20.92 and a beta of 1.95. SkyWest, Inc. has a 1 year low of $36.91 and a 1 year high of $88.89. The business’s fifty day moving average is $77.79 and its two-hundred day moving average is $76.89.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, July 25th. The transportation company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.73 by $0.09. SkyWest had a return on equity of 8.18% and a net margin of 5.55%. The business had revenue of $867.10 million during the quarter, compared to analysts’ expectations of $826.56 million. During the same quarter in the previous year, the business posted $0.35 EPS. The firm’s quarterly revenue was up 19.5% compared to the same quarter last year. On average, research analysts forecast that SkyWest, Inc. will post 6.88 earnings per share for the current fiscal year.

About SkyWest

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.