Parametrica Management Ltd bought a new stake in shares of SkyWest, Inc. (NASDAQ:SKYW) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 9,223 shares of the transportation company’s stock, valued at approximately $405,000.
A number of other large investors have also recently added to or reduced their stakes in SKYW. UBS Asset Management Americas Inc. increased its position in SkyWest by 23.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 8,265 shares of the transportation company’s stock valued at $283,000 after purchasing an additional 1,550 shares during the period. United Services Automobile Association acquired a new stake in SkyWest during the 1st quarter valued at approximately $421,000. FMR LLC increased its position in SkyWest by 170.4% during the 1st quarter. FMR LLC now owns 1,018,900 shares of the transportation company’s stock valued at $34,897,000 after purchasing an additional 642,100 shares during the period. Legal & General Group Plc increased its position in SkyWest by 0.3% during the 1st quarter. Legal & General Group Plc now owns 85,565 shares of the transportation company’s stock valued at $2,930,000 after purchasing an additional 218 shares during the period. Finally, Thrivent Financial For Lutherans increased its position in SkyWest by 4.2% during the 1st quarter. Thrivent Financial For Lutherans now owns 29,030 shares of the transportation company’s stock valued at $994,000 after purchasing an additional 1,170 shares during the period. 89.43% of the stock is owned by institutional investors and hedge funds.
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Shares of SkyWest, Inc. (NASDAQ SKYW) traded up 0.85% during mid-day trading on Wednesday, hitting $47.50. 12,247 shares of the stock traded hands. The stock’s market cap is $2.46 billion. The firm’s 50-day moving average is $44.26 and its 200-day moving average is $38.03. SkyWest, Inc. has a 52 week low of $28.80 and a 52 week high of $48.45.
SkyWest (NASDAQ:SKYW) last announced its earnings results on Wednesday, October 25th. The transportation company reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03. The company had revenue of $831.93 million during the quarter, compared to the consensus estimate of $817.43 million. SkyWest had a positive return on equity of 11.87% and a negative net margin of 4.15%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.90 earnings per share. On average, analysts forecast that SkyWest, Inc. will post $3.32 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Friday, September 29th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.68%. SkyWest’s dividend payout ratio is presently -12.26%.
A number of analysts have weighed in on SKYW shares. BidaskClub downgraded shares of SkyWest from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. ValuEngine downgraded shares of SkyWest from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 4th. Cowen and Company increased their target price on shares of SkyWest from $44.00 to $52.00 and gave the company an “outperform” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded shares of SkyWest from a “buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Finally, Deutsche Bank AG increased their target price on shares of SkyWest from $47.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and three have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $47.00.
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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