Janney Montgomery Scott LLC decreased its stake in shares of SkyWest, Inc. (NASDAQ:SKYW - Free Report) by 11.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,012 shares of the transportation company's stock after selling 2,237 shares during the period. Janney Montgomery Scott LLC's holdings in SkyWest were worth $1,804,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of SKYW. NBC Securities Inc. lifted its position in SkyWest by 1,368.0% during the third quarter. NBC Securities Inc. now owns 367 shares of the transportation company's stock valued at $31,000 after buying an additional 342 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of SkyWest in the third quarter valued at about $31,000. GAMMA Investing LLC raised its holdings in shares of SkyWest by 47.1% during the 3rd quarter. GAMMA Investing LLC now owns 1,365 shares of the transportation company's stock valued at $116,000 after buying an additional 437 shares during the period. USA Financial Formulas lifted its position in SkyWest by 63.7% during the 4th quarter. USA Financial Formulas now owns 1,180 shares of the transportation company's stock worth $118,000 after acquiring an additional 459 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in SkyWest in the 3rd quarter worth approximately $158,000. Hedge funds and other institutional investors own 81.30% of the company's stock.
SkyWest Stock Down 1.8 %
Shares of SKYW traded down $2.13 during midday trading on Thursday, hitting $116.17. The company had a trading volume of 370,985 shares, compared to its average volume of 392,999. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 14.95 and a beta of 1.98. The company's 50 day moving average price is $109.16 and its 200 day moving average price is $95.01. The company has a quick ratio of 0.76, a current ratio of 0.78 and a debt-to-equity ratio of 0.89. SkyWest, Inc. has a 52 week low of $57.15 and a 52 week high of $135.57.
SkyWest (NASDAQ:SKYW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.75 by $0.59. SkyWest had a return on equity of 14.17% and a net margin of 9.15%. During the same quarter in the previous year, the company earned $0.42 EPS. On average, equities research analysts predict that SkyWest, Inc. will post 8.57 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Raymond James reissued an "outperform" rating and set a $130.00 target price (up from $120.00) on shares of SkyWest in a research report on Friday, January 31st. TD Cowen boosted their price objective on shares of SkyWest from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Finally, The Goldman Sachs Group reiterated a "neutral" rating and issued a $119.00 price target on shares of SkyWest in a research note on Friday, November 15th.
View Our Latest Research Report on SKYW
About SkyWest
(
Free Report)
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.
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