SkyWest, Inc. $SKYW Stock Position Lifted by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in SkyWest, Inc. (NASDAQ:SKYW) by 80.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,145 shares of the transportation company’s stock after buying an additional 16,546 shares during the quarter. SG Americas Securities LLC owned approximately 0.09% of SkyWest worth $3,411,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Diversified Trust Co increased its stake in shares of SkyWest by 12.2% in the first quarter. Diversified Trust Co now owns 11,796 shares of the transportation company’s stock worth $1,083,000 after acquiring an additional 1,283 shares during the last quarter. Hsbc Holdings PLC boosted its position in SkyWest by 5.8% during the fourth quarter. Hsbc Holdings PLC now owns 16,419 shares of the transportation company’s stock valued at $1,656,000 after purchasing an additional 901 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in SkyWest by 480.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 261 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. DGS Capital Management LLC grew its stake in SkyWest by 48.4% in the fourth quarter. DGS Capital Management LLC now owns 3,351 shares of the transportation company’s stock valued at $336,000 after purchasing an additional 1,093 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new position in SkyWest in the fourth quarter valued at about $244,000. Institutional investors and hedge funds own 81.30% of the company’s stock.

SkyWest Trading Up 0.6%

Shares of NASDAQ:SKYW opened at $99.33 on Wednesday. The stock has a market capitalization of $3.94 billion, a PE ratio of 9.52, a P/E/G ratio of 1.42 and a beta of 1.47. SkyWest, Inc. has a 1 year low of $77.89 and a 1 year high of $123.94. The firm has a fifty day moving average price of $87.83 and a 200 day moving average price of $94.99. The company has a current ratio of 0.62, a quick ratio of 0.51 and a debt-to-equity ratio of 0.66.

SkyWest (NASDAQ:SKYW) last posted its earnings results on Thursday, April 23rd. The transportation company reported $2.50 EPS for the quarter, topping 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 firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $993.06 million. During the same period in the prior year, the business posted $2.42 earnings per share. The business’s quarterly revenue was up 6.8% on a year-over-year basis. Analysts expect that SkyWest, Inc. will post 10.69 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SKYW shares. Citigroup raised their price target on SkyWest from $95.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday. TD Cowen lowered their price target on SkyWest from $106.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Finally, Weiss Ratings downgraded SkyWest from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $119.00.

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.