US Bancorp DE boosted its position in SkyWest, Inc. (NASDAQ:SKYW) by 5.6% during the second quarter, Holdings Channel reports. The institutional investor owned 24,514 shares of the transportation company’s stock after buying an additional 1,295 shares during the period. US Bancorp DE’s holdings in SkyWest were worth $860,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Suntrust Banks Inc. increased its position in shares of SkyWest by 0.7% in the first quarter. Suntrust Banks Inc. now owns 8,133 shares of the transportation company’s stock worth $278,000 after buying an additional 55 shares in the last quarter. Flinton Capital Management LLC increased its position in shares of SkyWest by 3.3% in the first quarter. Flinton Capital Management LLC now owns 3,162 shares of the transportation company’s stock worth $108,000 after buying an additional 102 shares in the last quarter. Capital One National Association increased its position in shares of SkyWest by 1.2% in the first quarter. Capital One National Association now owns 9,645 shares of the transportation company’s stock worth $330,000 after buying an additional 110 shares in the last quarter. State of Alaska Department of Revenue increased its position in shares of SkyWest by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 5,720 shares of the transportation company’s stock worth $195,000 after buying an additional 140 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of SkyWest by 1.1% in the first quarter. BNP Paribas Arbitrage SA now owns 13,937 shares of the transportation company’s stock worth $477,000 after buying an additional 145 shares in the last quarter. Institutional investors and hedge funds own 90.84% of the company’s stock.
SkyWest, Inc. (SKYW) traded down 2.35% during trading on Friday, hitting $37.35. 190,117 shares of the stock traded hands. SkyWest, Inc. has a 12 month low of $25.04 and a 12 month high of $39.85. The company’s market cap is $1.94 billion. The company’s 50 day moving average price is $36.60 and its 200 day moving average price is $35.57.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.87 by $0.08. The company had revenue of $809.76 million for the quarter, compared to analyst estimates of $790.14 million. SkyWest had a positive return on equity of 11.10% and a negative net margin of 4.59%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. On average, equities research analysts anticipate that SkyWest, Inc. will post $3.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Friday, September 29th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Thursday, September 28th. SkyWest’s payout ratio is currently -11.31%.
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A number of brokerages have commented on SKYW. UBS AG upgraded shares of SkyWest from an “outperform” rating to a “strong-buy” rating and set a $42.00 target price for the company in a report on Thursday, April 13th. Cowen and Company boosted their target price on shares of SkyWest from $40.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday. TheStreet upgraded shares of SkyWest from a “c+” rating to a “b-” rating in a report on Monday, May 22nd. Deutsche Bank AG boosted their target price on shares of SkyWest from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 28th. Finally, BidaskClub downgraded shares of SkyWest from a “hold” rating to a “sell” rating in a report on Monday, July 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $41.67.
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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