James Investment Research Inc. boosted its position in SkyWest, Inc. (NASDAQ:SKYW) by 65.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,521 shares of the transportation company’s stock after buying an additional 33,700 shares during the period. James Investment Research Inc. owned about 0.17% of SkyWest worth $3,002,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of SKYW. BlackRock Inc. raised its position in shares of SkyWest by 49,259.4% in the first quarter. BlackRock Inc. now owns 6,176,837 shares of the transportation company’s stock worth $211,556,000 after buying an additional 6,164,323 shares in the last quarter. Vanguard Group Inc. raised its position in shares of SkyWest by 3.6% in the first quarter. Vanguard Group Inc. now owns 5,788,450 shares of the transportation company’s stock worth $198,255,000 after buying an additional 198,452 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of SkyWest by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 4,383,507 shares of the transportation company’s stock worth $150,134,000 after buying an additional 16,894 shares in the last quarter. Alliancebernstein L.P. raised its position in shares of SkyWest by 3.9% in the first quarter. Alliancebernstein L.P. now owns 2,996,901 shares of the transportation company’s stock worth $102,644,000 after buying an additional 111,979 shares in the last quarter. Finally, State Street Corp raised its position in shares of SkyWest by 7.2% in the first quarter. State Street Corp now owns 1,375,036 shares of the transportation company’s stock worth $47,093,000 after buying an additional 92,598 shares in the last quarter. Hedge funds and other institutional investors own 90.84% of the company’s stock.
Shares of SkyWest, Inc. (NASDAQ:SKYW) traded down 4.05% during midday trading on Friday, hitting $36.70. 457,239 shares of the company were exchanged. The stock’s 50-day moving average is $36.60 and its 200-day moving average is $35.57. SkyWest, Inc. has a one year low of $25.04 and a one year high of $39.85. The stock’s market cap is $1.90 billion.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.08. The company had revenue of $809.76 million during the quarter, compared to the consensus estimate of $790.14 million. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.77 EPS. Equities research analysts anticipate that SkyWest, Inc. will post $3.26 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date is Thursday, September 28th. SkyWest’s payout ratio is -11.31%.
SKYW has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. TheStreet upgraded shares of SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. BidaskClub lowered shares of SkyWest from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Cowen and Company restated an “outperform” rating and issued a $44.00 target price (up previously from $40.00) on shares of SkyWest in a research note on Monday. Finally, Deutsche Bank AG upped their target price on shares of SkyWest from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Friday, April 28th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $41.67.
SkyWest Company Profile
SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
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