SkyWest, Inc. (NASDAQ:SKYW) Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,002 shares of the transportation company’s stock after purchasing an additional 720 shares during the period. Mackenzie Financial Corp’s holdings in SkyWest were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of SKYW. Invesco Ltd. increased its holdings in shares of SkyWest by 40.6% in the 3rd quarter. Invesco Ltd. now owns 923,722 shares of the transportation company’s stock worth $38,741,000 after acquiring an additional 266,762 shares during the period. EP Wealth Advisors LLC increased its holdings in shares of SkyWest by 5,203.4% in the 3rd quarter. EP Wealth Advisors LLC now owns 256,631 shares of the transportation company’s stock worth $10,763,000 after acquiring an additional 251,792 shares during the period. American Century Companies Inc. increased its holdings in shares of SkyWest by 16.4% in the 3rd quarter. American Century Companies Inc. now owns 721,053 shares of the transportation company’s stock worth $30,241,000 after acquiring an additional 101,459 shares during the period. Algert Global LLC acquired a new stake in shares of SkyWest in the 3rd quarter worth about $3,689,000. Finally, Dark Forest Capital Management LP increased its holdings in shares of SkyWest by 105.8% in the 3rd quarter. Dark Forest Capital Management LP now owns 64,272 shares of the transportation company’s stock worth $2,696,000 after acquiring an additional 33,039 shares during the period. 81.30% of the stock is owned by institutional investors and hedge funds.

SkyWest Stock Performance

NASDAQ:SKYW opened at $73.14 on Friday. SkyWest, Inc. has a twelve month low of $23.51 and a twelve month high of $74.52. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average of $66.73 and a 200-day moving average of $54.77. The firm has a market cap of $2.95 billion, a price-to-earnings ratio of 84.07 and a beta of 1.95.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.31. SkyWest had a net margin of 1.17% and a return on equity of 1.59%. The company had revenue of $751.80 million during the quarter, compared to analyst estimates of $758.41 million. During the same quarter last year, the firm posted ($0.93) EPS. The business’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts forecast that SkyWest, Inc. will post 6.45 earnings per share for the current fiscal year.

Insider Activity

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

Wall Street Analyst Weigh In

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

SkyWest Company Profile

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.