SW Investment Management LLC Has $49.24 Million Stake in SkyWest, Inc. (NASDAQ:SKYW)

SW Investment Management LLC grew its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 13.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 600,000 shares of the transportation company’s stock after purchasing an additional 70,000 shares during the quarter. SkyWest comprises about 15.7% of SW Investment Management LLC’s portfolio, making the stock its 2nd biggest position. SW Investment Management LLC owned approximately 1.49% of SkyWest worth $49,242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SKYW. Kings Path Partners LLC acquired a new position in SkyWest in the second quarter valued at approximately $42,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of SkyWest during the 2nd quarter valued at $54,000. CWM LLC boosted its stake in SkyWest by 57.3% during the second quarter. CWM LLC now owns 766 shares of the transportation company’s stock worth $63,000 after acquiring an additional 279 shares in the last quarter. GAMMA Investing LLC grew its holdings in SkyWest by 45.9% in the second quarter. GAMMA Investing LLC now owns 928 shares of the transportation company’s stock worth $76,000 after purchasing an additional 292 shares during the period. Finally, Transcendent Capital Group LLC bought a new stake in SkyWest in the fourth quarter valued at $52,000. Institutional investors own 81.30% of the company’s stock.

Analyst Ratings Changes

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

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 is $76.94 and its 200-day moving average is $75.96. The company has a quick ratio of 0.74, a current ratio of 0.84 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 30.32 and a beta of 1.95.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, July 25th. The transportation company reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.09. SkyWest had a net margin of 5.55% and a return on equity of 8.18%. The firm 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 company posted $0.35 earnings per share. The business’s revenue was up 19.5% on a year-over-year basis. Sell-side analysts forecast that SkyWest, Inc. will post 6.88 EPS for the current fiscal year.

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.