SkyWest, Inc. $SKYW Stake Lifted by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 107.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,599 shares of the transportation company’s stock after purchasing an additional 10,666 shares during the period. SG Americas Securities LLC owned 0.05% of SkyWest worth $2,068,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of SkyWest by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,590 shares of the transportation company’s stock worth $2,061,000 after buying an additional 1,034 shares in the last quarter. United Services Automobile Association bought a new position in SkyWest during the first quarter valued at about $227,000. Russell Investments Group Ltd. grew its holdings in SkyWest by 13.8% during the second quarter. Russell Investments Group Ltd. now owns 48,820 shares of the transportation company’s stock worth $5,027,000 after acquiring an additional 5,934 shares during the period. Choreo LLC grew its holdings in SkyWest by 6.5% during the second quarter. Choreo LLC now owns 2,610 shares of the transportation company’s stock worth $269,000 after acquiring an additional 159 shares during the period. Finally, New York State Common Retirement Fund raised its position in SkyWest by 14.5% in the second quarter. New York State Common Retirement Fund now owns 56,702 shares of the transportation company’s stock worth $5,839,000 after acquiring an additional 7,162 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at SkyWest

In other news, insider Wade J. Steel sold 20,629 shares of the stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $106.53, for a total value of $2,197,607.37. Following the completion of the sale, the insider owned 77,438 shares in the company, valued at $8,249,470.14. This represents a 21.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is currently owned by company insiders.

SkyWest Price Performance

SKYW stock opened at $91.51 on Friday. 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, Inc. has a one year low of $74.70 and a one year high of $123.94. The firm has a market capitalization of $3.68 billion, a PE ratio of 8.84, a P/E/G ratio of 1.24 and a beta of 1.63. The firm has a 50-day moving average of $97.89 and a two-hundred day moving average of $99.54.

SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, January 29th. The transportation company reported $2.21 earnings per share for the quarter, missing the consensus estimate of $2.25 by ($0.04). The firm had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $993.12 million. SkyWest had a return on equity of 16.35% and a net margin of 10.56%.The business’s revenue was up 8.5% on a year-over-year basis. During the same period last year, the business earned $2.34 earnings per share. On average, analysts forecast that SkyWest, Inc. will post 9.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SKYW. Weiss Ratings restated 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. TD Cowen reduced their target price on shares of SkyWest from $132.00 to $122.00 and set a “buy” rating for the company in a report on Monday, January 26th. Citigroup decreased their price target on shares of SkyWest from $112.00 to $101.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Finally, Zacks Research downgraded SkyWest from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, SkyWest presently has an average rating of “Moderate Buy” and an average target price of $122.00.

SkyWest Company Profile

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.