Legal & General Group Plc grew its position in SkyWest, Inc. (NASDAQ:SKYW) by 2.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,052 shares of the transportation company’s stock after purchasing an additional 2,159 shares during the quarter. Legal & General Group Plc owned approximately 0.18% of SkyWest worth $5,210,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in SKYW. Natixis acquired a new stake in shares of SkyWest in the 1st quarter valued at $207,000. CAMG Solamere Management LLC acquired a new stake in shares of SkyWest in the 1st quarter valued at $216,000. HBK Investments L P acquired a new stake in shares of SkyWest in the 4th quarter valued at $218,000. Teacher Retirement System of Texas acquired a new stake in shares of SkyWest in the 4th quarter valued at $234,000. Finally, Jane Street Group LLC acquired a new stake in SkyWest during the 1st quarter worth $262,000. Institutional investors and hedge funds own 89.25% of the company’s stock.
Shares of NASDAQ:SKYW opened at $53.60 on Thursday. SkyWest, Inc. has a 12 month low of $31.75 and a 12 month high of $60.65. The company has a current ratio of 1.14, a quick ratio of 1.00 and a debt-to-equity ratio of 1.37. The firm has a market cap of $2.85 billion, a P/E ratio of 15.63 and a beta of 1.70.
SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Thursday, April 26th. The transportation company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.17. SkyWest had a net margin of 13.92% and a return on equity of 12.52%. The firm had revenue of $783.40 million for the quarter, compared to analyst estimates of $767.41 million. During the same period last year, the business earned $0.65 EPS. SkyWest’s revenue for the quarter was up 4.8% compared to the same quarter last year. equities analysts expect that SkyWest, Inc. will post 4.63 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Thursday, July 5th. Investors of record on Friday, June 29th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $0.40 annualized dividend and a yield of 0.75%. SkyWest’s dividend payout ratio is currently 11.66%.
Several equities research analysts recently commented on SKYW shares. BidaskClub upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, March 21st. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Thursday, April 5th. Cowen lifted their price target on shares of SkyWest from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, April 27th. Imperial Capital lifted their price target on shares of SkyWest from $55.00 to $60.00 and gave the stock a “line” rating in a research note on Monday, April 30th. Finally, ValuEngine lowered shares of SkyWest from a “buy” rating to a “hold” rating in a research note on Tuesday, June 26th. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. SkyWest has an average rating of “Hold” and an average target price of $61.20.
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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