SkyWest, Inc. (SKYW) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in SkyWest, Inc. (NASDAQ:SKYW) by 0.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,816 shares of the transportation company’s stock after selling 1 shares during the period. Amalgamated Bank’s holdings in SkyWest were worth $233,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Flinton Capital Management LLC increased its stake 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 valued at $108,000 after buying an additional 102 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of SkyWest by 3.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,542 shares of the transportation company’s stock valued at $129,000 after buying an additional 121 shares in the last quarter. Bank of Montreal Can increased its stake in shares of SkyWest by 10.0% in the first quarter. Bank of Montreal Can now owns 3,675 shares of the transportation company’s stock valued at $126,000 after buying an additional 334 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of SkyWest during the first quarter valued at about $138,000. Finally, State of Alaska Department of Revenue increased its stake 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 valued at $195,000 after buying an additional 140 shares in the last quarter. 90.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of SkyWest, Inc. (NASDAQ SKYW) traded up 0.29% during mid-day trading on Friday, hitting $34.50. 333,970 shares of the company were exchanged. SkyWest, Inc. has a 12-month low of $25.04 and a 12-month high of $39.85. The company’s 50-day moving average price is $36.64 and its 200-day moving average price is $35.55. The firm’s market capitalization is $1.79 billion.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, July 27th. The transportation company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.08. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The company had revenue of $809.76 million for the quarter, compared to the consensus estimate of $790.14 million. During the same period in the prior year, the firm posted $0.77 EPS. SkyWest’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts predict that SkyWest, Inc. will post $3.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 29th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 0.93%. The ex-dividend date is Thursday, September 28th. SkyWest’s dividend payout ratio (DPR) is -11.31%.

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Several research firms recently weighed in on SKYW. ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $42.00 target price for the company in a research note on Tuesday, May 2nd. BidaskClub cut 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 set a $44.00 price target (up previously from $40.00) on shares of SkyWest in a research note on Monday, August 7th. Finally, TheStreet upgraded shares of SkyWest from a “c+” rating to a “b-” rating in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $41.67.

About SkyWest

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.

Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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