SkyWest, Inc. (NASDAQ:SKYW) is U S Global Investors Inc.’s 8th Largest Position

U S Global Investors Inc. lowered its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 24.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 401,058 shares of the transportation company’s stock after selling 127,410 shares during the period. SkyWest accounts for 3.3% of U S Global Investors Inc.’s investment portfolio, making the stock its 8th biggest holding. U S Global Investors Inc.’s holdings in SkyWest were worth $34,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Commonwealth Equity Services LLC increased its stake in shares of SkyWest by 1.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,298 shares of the transportation company’s stock worth $681,000 after purchasing an additional 152 shares during the last quarter. Evergreen Capital Management LLC boosted its holdings in SkyWest by 3.9% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,660 shares of the transportation company’s stock valued at $465,000 after purchasing an additional 213 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in SkyWest by 1.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,965 shares of the transportation company’s stock valued at $1,803,000 after purchasing an additional 214 shares during the period. CWM LLC raised its position in shares of SkyWest by 57.3% during the 2nd quarter. CWM LLC now owns 766 shares of the transportation company’s stock valued at $63,000 after buying an additional 279 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of SkyWest by 45.9% during the 2nd quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock valued at $76,000 after buying an additional 292 shares in the last quarter. Hedge funds and other institutional investors own 81.30% of the company’s stock.

SkyWest Price Performance

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

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.09. The firm 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 quarterly revenue was up 19.5% on a year-over-year basis. During the same quarter last year, the company posted $0.35 EPS. Analysts expect 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.