Commonwealth of Pennsylvania Public School Empls Retrmt SYS Acquires 738 Shares of SkyWest, Inc. $SKYW

Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 7.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,389 shares of the transportation company’s stock after buying an additional 738 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in SkyWest were worth $1,070,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp raised its holdings in shares of SkyWest by 38.4% in the 2nd quarter. Fifth Third Bancorp now owns 551 shares of the transportation company’s stock worth $57,000 after acquiring an additional 153 shares during the last quarter. Blue Trust Inc. boosted its stake in SkyWest by 478.6% during the 2nd quarter. Blue Trust Inc. now owns 567 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 469 shares during the last quarter. TD Private Client Wealth LLC bought a new stake in SkyWest during the 2nd quarter worth approximately $71,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of SkyWest by 32.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,935 shares of the transportation company’s stock worth $169,000 after purchasing an additional 473 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in shares of SkyWest in the second quarter worth approximately $206,000. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Evercore ISI lifted their target price on SkyWest from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Cowen restated a “buy” rating on shares of SkyWest in a research note on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SkyWest in a report on Wednesday, October 8th. Zacks Research upgraded shares of SkyWest from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 4th. Finally, TD Cowen raised their price target on shares of SkyWest from $124.00 to $132.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Two equities research analysts have rated the stock with a Strong Buy rating and five have assigned a Buy rating to the stock. Based on data from MarketBeat, SkyWest currently has a consensus rating of “Buy” and a consensus target price of $130.20.

SkyWest Stock Performance

Shares of SkyWest stock opened at $95.39 on Monday. The business’s fifty day simple moving average is $99.56 and its 200 day simple moving average is $105.18. The company has a current ratio of 0.73, a quick ratio of 0.63 and a debt-to-equity ratio of 0.78. SkyWest, Inc. has a 12 month low of $74.70 and a 12 month high of $135.57. The firm has a market capitalization of $3.83 billion, a P/E ratio of 9.70, a price-to-earnings-growth ratio of 0.95 and a beta of 1.86.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.56 by $0.25. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. SkyWest had a return on equity of 16.69% and a net margin of 10.62%.The business’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.16 EPS. As a group, analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current 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.