Mutual of America Capital Management LLC Has $374,000 Stock Holdings in SkyWest, Inc. (NASDAQ:SKYW)

Mutual of America Capital Management LLC trimmed its stake in SkyWest, Inc. (NASDAQ:SKYW) by 2.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,166 shares of the transportation company’s stock after selling 207 shares during the quarter. Mutual of America Capital Management LLC’s holdings in SkyWest were worth $374,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SKYW. SG Americas Securities LLC acquired a new stake in SkyWest in the third quarter worth $900,000. Handelsbanken Fonder AB acquired a new position in shares of SkyWest during the third quarter valued at about $201,000. Bailard Inc. acquired a new position in shares of SkyWest during the third quarter valued at about $386,000. Allspring Global Investments Holdings LLC grew its holdings in shares of SkyWest by 14.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,851 shares of the transportation company’s stock valued at $120,000 after buying an additional 362 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of SkyWest during the third quarter valued at about $294,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SKYW shares. TD Cowen upgraded shares of SkyWest from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $55.00 to $68.00 in a report on Monday, February 5th. Raymond James lifted their price objective on shares of SkyWest from $55.00 to $65.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. StockNews.com upgraded shares of SkyWest from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Evercore ISI lifted their price objective on shares of SkyWest from $60.00 to $70.00 and gave the company an “in-line” rating in a report on Thursday, April 4th. Finally, TheStreet upgraded shares of SkyWest from a “c” rating to a “b-” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $62.25.

SkyWest Stock Up 4.1 %

SkyWest stock opened at $74.31 on Wednesday. SkyWest, Inc. has a fifty-two week low of $23.37 and a fifty-two week high of $74.52. The stock has a market cap of $3.00 billion, a PE ratio of 85.41 and a beta of 1.95. The firm’s 50-day simple moving average is $66.20 and its 200 day simple moving average is $54.52. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.80 and a current ratio of 0.90.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.31. The business had revenue of $751.80 million for the quarter, compared to analysts’ expectations of $758.41 million. SkyWest had a net margin of 1.17% and a return on equity of 1.59%. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.93) earnings per share. Research analysts predict that SkyWest, Inc. will post 6.45 EPS for the current fiscal year.

Insiders Place Their Bets

In other SkyWest news, Director James L. Welch sold 2,000 shares of SkyWest stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $66.72, for a total value of $133,440.00. Following the sale, the director now owns 56,067 shares of the company’s stock, valued at $3,740,790.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

About SkyWest

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.