SkyWest, Inc. (NASDAQ:SKYW) Shares Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 20.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,558 shares of the transportation company’s stock after purchasing an additional 767 shares during the period. Sequoia Financial Advisors LLC’s holdings in SkyWest were worth $388,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. NBC Securities Inc. raised its stake in shares of SkyWest by 1,368.0% in the 3rd 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 period. Kings Path Partners LLC acquired a new position in shares of SkyWest during the second quarter worth about $42,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of SkyWest during the second quarter worth about $54,000. CWM LLC boosted its position in shares of SkyWest by 57.3% in the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after buying an additional 279 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of SkyWest by 45.9% in the second 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. 81.30% of the stock is owned by hedge funds and other institutional investors.

SkyWest Stock Performance

Shares of NASDAQ:SKYW opened at $94.01 on Monday. The business’s 50-day simple moving average is $82.60 and its 200 day simple moving average is $78.86. The company has a market cap of $3.78 billion, a P/E ratio of 33.94 and a beta of 1.95. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 0.84. SkyWest, Inc. has a one year low of $37.21 and a one year high of $96.82.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, July 25th. The transportation company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.09. The business 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 for the quarter was up 19.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. On average, sell-side 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.