SkyWest, Inc. (SKYW) Position Raised by SG Americas Securities LLC

SG Americas Securities LLC increased its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 155.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,640 shares of the transportation company’s stock after purchasing an additional 14,378 shares during the period. SG Americas Securities LLC’s holdings in SkyWest were worth $1,038,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. increased its position in SkyWest by 108.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 2,860 shares of the transportation company’s stock worth $100,000 after purchasing an additional 1,488 shares during the last quarter. Riverhead Capital Management LLC increased its position in SkyWest by 81.0% during the second quarter. Riverhead Capital Management LLC now owns 4,162 shares of the transportation company’s stock worth $146,000 after purchasing an additional 1,862 shares during the last quarter. Ameritas Investment Partners Inc. increased its position in SkyWest by 10.4% during the second quarter. Ameritas Investment Partners Inc. now owns 4,455 shares of the transportation company’s stock worth $156,000 after purchasing an additional 419 shares during the last quarter. Pitcairn Co. acquired a new stake in SkyWest during the third quarter worth about $205,000. Finally, Flinton Capital Management LLC increased its position in SkyWest by 73.1% during the second quarter. Flinton Capital Management LLC now owns 5,474 shares of the transportation company’s stock worth $192,000 after purchasing an additional 2,312 shares during the last quarter. Hedge funds and other institutional investors own 90.94% of the company’s stock.

In other SkyWest news, CEO Russell A. Childs sold 18,554 shares of SkyWest stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $51.33, for a total transaction of $952,376.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jerry C. Atkin sold 110,000 shares of SkyWest stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $48.10, for a total transaction of $5,291,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,239 shares of company stock valued at $7,512,577. Company insiders own 3.50% of the company’s stock.

Several research firms recently issued reports on SKYW. Zacks Investment Research upgraded shares of SkyWest from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a research report on Tuesday, October 3rd. Cowen raised their price objective on shares of SkyWest from $40.00 to $44.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Imperial Capital raised their price objective on shares of SkyWest from $38.00 to $47.00 and gave the stock an “in-line” rating in a research report on Tuesday, October 31st. Finally, ValuEngine upgraded shares of SkyWest from a “buy” rating to a “strong-buy” rating in a research report on Monday, September 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $48.33.

Shares of SkyWest, Inc. (NASDAQ:SKYW) opened at $50.80 on Friday. SkyWest, Inc. has a 12-month low of $30.40 and a 12-month high of $52.95. The firm has a market cap of $2,698.40, a PE ratio of 16.52 and a beta of 1.77. The company has a debt-to-equity ratio of 1.61, a quick ratio of 1.09 and a current ratio of 1.24.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings results on Wednesday, October 25th. The transportation company reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.03. SkyWest had a negative net margin of 4.15% and a positive return on equity of 11.87%. The business had revenue of $831.93 million during the quarter, compared to analysts’ expectations of $817.43 million. During the same period last year, the business earned $0.90 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. equities research analysts anticipate that SkyWest, Inc. will post 3.32 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 29th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, December 28th. SkyWest’s dividend payout ratio is presently -12.26%.

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About SkyWest

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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Institutional Ownership by Quarter for SkyWest (NASDAQ:SKYW)

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