Sei Investments Co. Buys 577 Shares of SkyWest, Inc. (NASDAQ:SKYW)

Sei Investments Co. grew its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 1.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 55,110 shares of the transportation company’s stock after purchasing an additional 577 shares during the period. Sei Investments Co. owned about 0.14% of SkyWest worth $4,523,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its holdings in SkyWest by 2.3% during the 2nd quarter. Pacer Advisors Inc. now owns 2,252,410 shares of the transportation company’s stock worth $184,855,000 after purchasing an additional 51,180 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of SkyWest by 16.8% in the 2nd quarter. American Century Companies Inc. now owns 1,151,578 shares of the transportation company’s stock worth $94,510,000 after buying an additional 165,670 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of SkyWest by 90.2% in the 2nd quarter. Victory Capital Management Inc. now owns 551,060 shares of the transportation company’s stock worth $45,225,000 after buying an additional 261,349 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of SkyWest by 46.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 424,239 shares of the transportation company’s stock worth $22,145,000 after buying an additional 134,066 shares during the last quarter. Finally, Bridgeway Capital Management LLC boosted its stake in shares of SkyWest by 1.4% in the 1st quarter. Bridgeway Capital Management LLC now owns 361,213 shares of the transportation company’s stock worth $24,953,000 after buying an additional 4,813 shares during the last quarter. 81.30% of the stock is owned by institutional investors.

SkyWest Price Performance

Shares of NASDAQ SKYW opened at $83.98 on Wednesday. SkyWest, Inc. has a twelve month low of $36.91 and a twelve month high of $87.86. The stock’s 50 day moving average price is $76.94 and its 200-day moving average price is $75.96. The company has a market capitalization of $3.37 billion, a PE ratio of 30.32 and a beta of 1.95. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.02.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.82 EPS for the quarter, beating the consensus estimate of $1.73 by $0.09. SkyWest had a return on equity of 8.18% and a net margin of 5.55%. The business had revenue of $867.10 million for the quarter, compared to the consensus estimate of $826.56 million. During the same quarter in the prior year, the business earned $0.35 earnings per share. SkyWest’s revenue for the quarter was up 19.5% on a year-over-year basis. On average, equities analysts anticipate that SkyWest, Inc. will post 6.88 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, TD Cowen boosted their target price on SkyWest from $85.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $76.67.

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.