U S Global Investors Inc. Has $23.66 Million Stock Holdings in SkyWest, Inc. $SKYW

U S Global Investors Inc. grew its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 15.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 257,593 shares of the transportation company’s stock after purchasing an additional 34,587 shares during the period. SkyWest comprises approximately 2.8% 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 $23,655,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its position in SkyWest by 480.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 216 shares in the last quarter. Transamerica Financial Advisors LLC lifted its position in SkyWest by 273.6% during the 4th quarter. Transamerica Financial Advisors LLC now owns 269 shares of the transportation company’s stock worth $27,000 after buying an additional 197 shares in the last quarter. Johnson Financial Group Inc. acquired a new position in shares of SkyWest during the 3rd quarter worth about $62,000. EverSource Wealth Advisors LLC boosted its stake in shares of SkyWest by 118.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock worth $64,000 after buying an additional 339 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in shares of SkyWest during the 4th quarter worth about $83,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

Wall Street Analyst Weigh In

SKYW has been the topic of a number of recent research reports. The Goldman Sachs Group downgraded SkyWest from a “buy” rating to a “neutral” rating and lowered their target price for the company from $126.00 to $115.00 in a research report on Thursday, July 2nd. Citigroup increased their price target on SkyWest from $95.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, June 26th. Weiss Ratings downgraded SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, June 4th. Finally, TD Cowen boosted their price target on SkyWest from $98.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $121.17.

SkyWest Stock Performance

NASDAQ SKYW traded down $0.29 on Friday, hitting $99.72. 323,862 shares of the stock were exchanged, compared to its average volume of 421,739. The company has a market capitalization of $3.95 billion, a PE ratio of 9.56, a P/E/G ratio of 1.45 and a beta of 1.45. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.62 and a quick ratio of 0.51. The business’s fifty day moving average is $89.39 and its 200 day moving average is $94.71. SkyWest, Inc. has a 52 week low of $77.89 and a 52 week high of $123.94.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.50 EPS for the quarter, beating analysts’ consensus estimates of $2.15 by $0.35. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $993.06 million. SkyWest had a net margin of 10.42% and a return on equity of 15.55%. The company’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.42 EPS. Research analysts anticipate that SkyWest, Inc. will post 10.58 EPS for the current fiscal year.

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.