Cambridge Investment Research Advisors Inc. Acquires 567 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Cambridge Investment Research Advisors Inc. lifted its stake in SkyWest, Inc. (NASDAQ:SKYWGet Rating) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,370 shares of the transportation company’s stock after acquiring an additional 567 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in SkyWest were worth $217,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SKYW. EMC Capital Management increased its holdings in SkyWest by 47.9% in the second quarter. EMC Capital Management now owns 2,460 shares of the transportation company’s stock valued at $52,000 after purchasing an additional 797 shares during the period. KBC Group NV bought a new position in shares of SkyWest during the 2nd quarter worth approximately $89,000. Penserra Capital Management LLC increased its stake in shares of SkyWest by 60.2% during the 1st quarter. Penserra Capital Management LLC now owns 3,445 shares of the transportation company’s stock worth $99,000 after purchasing an additional 1,295 shares during the last quarter. Meeder Asset Management Inc. grew its stake in SkyWest by 195.0% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,762 shares of the transportation company’s stock valued at $101,000 after buying an additional 3,148 shares in the last quarter. Finally, Dupont Capital Management Corp purchased a new position in SkyWest in the 2nd quarter valued at approximately $109,000. Institutional investors and hedge funds own 80.82% of the company’s stock.

SkyWest Trading Up 2.0 %

NASDAQ:SKYW opened at $20.40 on Monday. The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 8.26 and a beta of 1.75. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.09 and a quick ratio of 0.99. The business has a fifty day moving average price of $17.56 and a 200-day moving average price of $19.30. SkyWest, Inc. has a one year low of $14.76 and a one year high of $42.41.

SkyWest (NASDAQ:SKYWGet Rating) last released its earnings results on Thursday, October 27th. The transportation company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.24. SkyWest had a return on equity of 5.35% and a net margin of 4.01%. The firm had revenue of $789.44 million during the quarter, compared to analysts’ expectations of $829.52 million. Sell-side analysts forecast that SkyWest, Inc. will post 2.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SKYW shares. StockNews.com initiated coverage on SkyWest in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of SkyWest from $25.00 to $19.00 in a report on Tuesday, December 20th. TheStreet lowered shares of SkyWest from a “c” rating to a “d+” rating in a report on Wednesday, November 16th. Cowen decreased their price objective on shares of SkyWest to $24.00 in a report on Tuesday, November 1st. Finally, The Goldman Sachs Group assumed coverage on shares of SkyWest in a research note on Friday, December 16th. They set a “sell” rating and a $15.00 target price for the company. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.60.

SkyWest Profile

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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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