Texas Permanent School Fund Buys 702 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Texas Permanent School Fund grew its stake in SkyWest, Inc. (NASDAQ:SKYWGet Rating) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,419 shares of the transportation company’s stock after acquiring an additional 702 shares during the quarter. Texas Permanent School Fund owned 0.07% of SkyWest worth $774,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Quadrant Capital Group LLC boosted its holdings in SkyWest by 174.6% in the first quarter. Quadrant Capital Group LLC now owns 1,392 shares of the transportation company’s stock worth $40,000 after acquiring an additional 885 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in SkyWest in the first quarter worth $47,000. Penserra Capital Management LLC boosted its holdings in SkyWest by 60.2% in the first quarter. Penserra Capital Management LLC now owns 3,445 shares of the transportation company’s stock worth $99,000 after acquiring an additional 1,295 shares in the last quarter. US Bancorp DE lifted its holdings in shares of SkyWest by 39.5% during the first quarter. US Bancorp DE now owns 3,911 shares of the transportation company’s stock valued at $112,000 after purchasing an additional 1,107 shares in the last quarter. Finally, KBC Group NV bought a new position in shares of SkyWest during the second quarter valued at $89,000. 84.91% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SKYW has been the topic of a number of research analyst reports. StockNews.com initiated coverage on SkyWest in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on SkyWest from $30.00 to $25.00 in a report on Friday, July 29th. Raymond James downgraded SkyWest from a “market perform” rating to an “underperform” rating in a report on Thursday, September 8th. TheStreet downgraded SkyWest from a “c” rating to a “d+” rating in a report on Wednesday, November 16th. Finally, Cowen lowered their price target on SkyWest to $24.00 in a report on Tuesday, November 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SkyWest presently has an average rating of “Hold” and a consensus price target of $35.00.

SkyWest Stock Up 3.1 %

SkyWest stock opened at $17.89 on Monday. The stock has a market cap of $905.20 million, a PE ratio of 7.24 and a beta of 1.78. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.99 and a current ratio of 1.09. SkyWest, Inc. has a one year low of $15.83 and a one year high of $45.56. The stock has a fifty day moving average of $17.64 and a 200 day moving average of $21.26.

About SkyWest

(Get Rating)

SkyWest, Inc is the holding company for two scheduled passenger airline operations and an aircraft leasing company. SkyWest’s airline companies provide commercial air service in cities throughout North America with nearly 3,000 daily flights carrying more than 53 million passengers annually. SkyWest Airlines operates through partnerships with United Airlines, Delta Air Lines, American Airlines and Alaska Airlines.

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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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