SkyWest, Inc. $SKYW Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. lowered its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 13.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,890 shares of the transportation company’s stock after selling 8,784 shares during the quarter. Cibc World Market Inc.’s holdings in SkyWest were worth $5,813,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. California State Teachers Retirement System raised its holdings in shares of SkyWest by 0.8% during the second quarter. California State Teachers Retirement System now owns 11,165 shares of the transportation company’s stock valued at $1,150,000 after acquiring an additional 87 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of SkyWest by 1.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 9,192 shares of the transportation company’s stock valued at $923,000 after acquiring an additional 100 shares during the last quarter. Canada Pension Plan Investment Board increased its holdings in shares of SkyWest by 4.2% in the second quarter. Canada Pension Plan Investment Board now owns 2,500 shares of the transportation company’s stock valued at $257,000 after purchasing an additional 100 shares during the last quarter. CWM LLC increased its holdings in shares of SkyWest by 1.7% in the fourth quarter. CWM LLC now owns 6,601 shares of the transportation company’s stock valued at $663,000 after purchasing an additional 108 shares during the last quarter. Finally, Evergreen Capital Management LLC increased its holdings in shares of SkyWest by 2.0% in the second quarter. Evergreen Capital Management LLC now owns 5,827 shares of the transportation company’s stock valued at $600,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 81.30% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Weiss Ratings cut SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. TD Cowen cut their price target on SkyWest from $106.00 to $98.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Citigroup cut their price target on SkyWest from $101.00 to $95.00 and set a “neutral” rating for the company in a report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, SkyWest has a consensus rating of “Moderate Buy” and an average target price of $117.00.

SkyWest Stock Performance

Shares of SkyWest stock opened at $84.45 on Monday. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 8.10, a PEG ratio of 1.22 and a beta of 1.47. SkyWest, Inc. has a fifty-two week low of $77.89 and a fifty-two week high of $123.94. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.51 and a current ratio of 0.62. The stock has a 50 day moving average of $88.16 and a 200 day moving average of $95.82.

SkyWest (NASDAQ:SKYW) last issued its quarterly earnings data on Thursday, April 23rd. The transportation company reported $2.50 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.35. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $993.06 million. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.42 earnings per share. As a group, research analysts predict that SkyWest, Inc. will post 10.69 earnings per share for the current year.

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.