Hudson Bay Capital Management LP Has $795,000 Holdings in SkyWest, Inc. $SKYW

Hudson Bay Capital Management LP lessened its position in SkyWest, Inc. (NASDAQ:SKYW) by 84.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,905 shares of the transportation company’s stock after selling 42,169 shares during the quarter. Hudson Bay Capital Management LP’s holdings in SkyWest were worth $795,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SKYW. Salomon & Ludwin LLC acquired a new stake in shares of SkyWest in the third quarter valued at about $38,000. Elevation Point Wealth Partners LLC bought a new stake in SkyWest during the 2nd quarter valued at approximately $40,000. Johnson Financial Group Inc. bought a new stake in SkyWest during the 3rd quarter valued at approximately $62,000. EverSource Wealth Advisors LLC grew its holdings in SkyWest by 118.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock valued at $64,000 after buying an additional 339 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its holdings in SkyWest by 666.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,149 shares of the transportation company’s stock valued at $116,000 after buying an additional 999 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Price Performance

Shares of SKYW stock opened at $87.89 on Monday. SkyWest, Inc. has a 12 month low of $74.70 and a 12 month high of $123.94. The company has a market capitalization of $3.55 billion, a P/E ratio of 8.49, a P/E/G ratio of 1.18 and a beta of 1.58. The stock has a 50 day moving average of $99.47 and a two-hundred day moving average of $100.76. The company has a current ratio of 0.65, a quick ratio of 0.55 and a debt-to-equity ratio of 0.67.

SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, January 29th. The transportation company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.25 by ($0.04). The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $993.12 million. SkyWest had a net margin of 10.56% and a return on equity of 16.35%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.34 earnings per share. As a group, equities analysts expect that SkyWest, Inc. will post 9.01 EPS for the current year.

Insiders Place Their Bets

In other SkyWest news, insider Wade J. Steel sold 20,629 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $106.53, for a total value of $2,197,607.37. Following the sale, the insider owned 77,438 shares of the company’s stock, valued at $8,249,470.14. The trade was a 21.04% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SKYW has been the subject of a number of research analyst reports. Zacks Research lowered SkyWest from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SkyWest in a research report on Thursday, January 22nd. Cantor Fitzgerald set a $122.00 target price on shares of SkyWest in a research note on Monday, January 26th. Citigroup reduced their price target on shares of SkyWest from $112.00 to $101.00 and set a “neutral” rating for the company in a report on Friday. Finally, TD Cowen decreased their price target on shares of SkyWest from $132.00 to $122.00 and set a “buy” rating on the stock in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $122.00.

About SkyWest

SkyWest, Inc (NASDAQ: SKYW) is a regional airline holding company that provides air transportation services through its primary subsidiary, SkyWest Airlines. The company operates flights under capacity purchase agreements with major carriers such as United Airlines, Delta Air Lines, American Airlines and Alaska Airlines. By specializing in regional connectivity, SkyWest links smaller communities to larger hubs using a fleet of regional jets and turboprop aircraft.

Headquartered in St. George, Utah, SkyWest oversees all aspects of its airline operations, including flight scheduling, crew training and aircraft maintenance.