BNP Paribas Financial Markets Has $6.88 Million Stake in SkyWest, Inc. $SKYW

BNP Paribas Financial Markets decreased its stake in shares of SkyWest, Inc. (NASDAQ:SKYW) by 29.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 68,502 shares of the transportation company’s stock after selling 28,781 shares during the quarter. BNP Paribas Financial Markets owned about 0.17% of SkyWest worth $6,878,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of SkyWest during the 4th quarter worth approximately $2,361,000. Intech Investment Management LLC grew its position in shares of SkyWest by 35.0% during the 4th quarter. Intech Investment Management LLC now owns 58,138 shares of the transportation company’s stock worth $5,838,000 after buying an additional 15,069 shares during the period. Severin Investments LLC grew its position in shares of SkyWest by 8.5% during the 4th quarter. Severin Investments LLC now owns 3,954 shares of the transportation company’s stock worth $397,000 after buying an additional 310 shares during the period. New Age Alpha Advisors LLC grew its position in shares of SkyWest by 2,144.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 44,809 shares of the transportation company’s stock worth $4,499,000 after buying an additional 42,813 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of SkyWest during the 4th quarter worth approximately $222,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Stock Performance

NASDAQ SKYW opened at $87.78 on Wednesday. The company has a fifty day simple moving average of $87.91 and a 200 day simple moving average of $95.72. SkyWest, Inc. has a 12-month low of $77.89 and a 12-month high of $123.94. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 0.66. The company has a market cap of $3.48 billion, a P/E ratio of 8.42, a PEG ratio of 1.20 and a beta of 1.47.

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

Analyst Ratings Changes

Several brokerages have recently commented on SKYW. TD Cowen reduced their price objective on shares of SkyWest from $106.00 to $98.00 and set a “buy” rating for the company in a research report on Monday, April 27th. Citigroup reduced their price target on shares of SkyWest from $101.00 to $95.00 and set a “neutral” rating for the company in a research report on Thursday, April 30th. Finally, Weiss Ratings downgraded shares of SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.00.

SkyWest 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.