Brandywine Global Investment Management LLC lessened its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 186,161 shares of the transportation company’s stock after selling 19,139 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.36% of SkyWest worth $9,886,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of SKYW. Crossmark Global Holdings Inc. acquired a new position in shares of SkyWest during the 3rd quarter worth about $714,000. BNP Paribas Arbitrage SA raised its holdings in SkyWest by 42.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 30,857 shares of the transportation company’s stock valued at $1,355,000 after acquiring an additional 9,208 shares in the last quarter. Sei Investments Co. raised its holdings in SkyWest by 53.2% in the 3rd quarter. Sei Investments Co. now owns 199,976 shares of the transportation company’s stock valued at $8,779,000 after acquiring an additional 69,435 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings in SkyWest by 58.6% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 19,410 shares of the transportation company’s stock valued at $852,000 after acquiring an additional 7,170 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. raised its holdings in SkyWest by 121.1% in the 3rd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 220,430 shares of the transportation company’s stock valued at $9,677,000 after acquiring an additional 120,740 shares in the last quarter. 90.33% of the stock is owned by institutional investors and hedge funds.
In other news, insider Eric Woodward sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, March 8th. The stock was sold at an average price of $56.90, for a total value of $256,050.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert J. Simmons sold 39,339 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $55.94, for a total value of $2,200,623.66. The disclosure for this sale can be found here. Over the last quarter, insiders sold 49,639 shares of company stock worth $2,781,474. Corporate insiders own 3.50% of the company’s stock.
Shares of SkyWest, Inc. (NASDAQ SKYW) opened at $59.40 on Wednesday. SkyWest, Inc. has a 12 month low of $30.40 and a 12 month high of $59.95. The firm has a market capitalization of $3,080.00, a P/E ratio of 17.32 and a beta of 1.74. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.
SkyWest (NASDAQ:SKYW) last released its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.10. SkyWest had a return on equity of 12.08% and a net margin of 13.39%. The company had revenue of $797.20 million for the quarter, compared to analyst estimates of $778.13 million. During the same period in the prior year, the company posted $0.54 EPS. The company’s revenue was up 5.2% compared to the same quarter last year. sell-side analysts predict that SkyWest, Inc. will post 4.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Friday, March 30th will be paid a $0.10 dividend. This is a positive change from SkyWest’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, March 28th. SkyWest’s dividend payout ratio is currently 9.33%.
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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.
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