Bandera Partners LLC Has $18.44 Million Position in SkyWest, Inc. $SKYW

Bandera Partners LLC reduced its holdings in SkyWest, Inc. (NASDAQ:SKYW) by 14.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,107 shares of the transportation company’s stock after selling 29,893 shares during the quarter. SkyWest accounts for 8.3% of Bandera Partners LLC’s holdings, making the stock its 4th biggest position. Bandera Partners LLC owned about 0.44% of SkyWest worth $18,443,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SKYW. Envestnet Asset Management Inc. increased its holdings in shares of SkyWest by 32.1% in the first quarter. Envestnet Asset Management Inc. now owns 32,840 shares of the transportation company’s stock valued at $2,869,000 after buying an additional 7,977 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of SkyWest by 26.6% in the 1st quarter. Cerity Partners LLC now owns 3,484 shares of the transportation company’s stock worth $304,000 after acquiring an additional 733 shares during the last quarter. Allianz Asset Management GmbH acquired a new stake in shares of SkyWest during the first quarter worth $1,457,000. Royce & Associates LP lifted its holdings in shares of SkyWest by 25.8% during the first quarter. Royce & Associates LP now owns 25,692 shares of the transportation company’s stock valued at $2,245,000 after purchasing an additional 5,269 shares during the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of SkyWest by 2.3% during the first quarter. Cetera Investment Advisers now owns 26,002 shares of the transportation company’s stock valued at $2,272,000 after purchasing an additional 582 shares during the last quarter. 81.30% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on SKYW. Cantor Fitzgerald set a $132.00 price target on SkyWest in a research note on Friday, October 31st. Evercore ISI boosted their price target on shares of SkyWest from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, July 28th. Cowen reaffirmed a “buy” rating on shares of SkyWest in a research note on Friday, October 31st. TD Cowen lifted their price objective on shares of SkyWest from $124.00 to $132.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Finally, Zacks Research upgraded SkyWest from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Two investment 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 price target of $130.20.

SkyWest Price Performance

SKYW opened at $96.19 on Tuesday. The stock has a fifty day moving average price of $99.39 and a 200 day moving average price of $105.15. 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 1 year low of $74.70 and a 1 year high of $135.57. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 9.79, a PEG ratio of 0.95 and a beta of 1.86.

SkyWest (NASDAQ:SKYW) last posted its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.56 by $0.25. The company 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 quarterly revenue was up 15.0% on a year-over-year basis. During the same period last year, the business earned $2.16 EPS. Analysts forecast that SkyWest, Inc. will post 9.01 EPS for the current fiscal year.

SkyWest 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.