Dimensional Fund Advisors LP boosted its position in SkyWest, Inc. (NASDAQ:SKYW – Free Report) by 0.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,328,481 shares of the transportation company’s stock after purchasing an additional 9,754 shares during the period. Dimensional Fund Advisors LP owned about 7.91% of SkyWest worth $135,536,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of SKYW. Roffman Miller Associates Inc. PA bought a new position in SkyWest during the second quarter worth about $34,000. UBS Group AG boosted its holdings in shares of SkyWest by 35.0% during the third quarter. UBS Group AG now owns 3,199 shares of the transportation company’s stock worth $53,000 after acquiring an additional 829 shares during the period. Dark Forest Capital Management LP bought a new stake in shares of SkyWest during the first quarter worth approximately $78,000. Pinnacle Holdings LLC bought a new stake in shares of SkyWest during the first quarter worth approximately $87,000. Finally, Penserra Capital Management LLC boosted its holdings in shares of SkyWest by 60.2% during the first quarter. Penserra Capital Management LLC now owns 3,445 shares of the transportation company’s stock worth $99,000 after acquiring an additional 1,295 shares during the period. Institutional investors own 79.94% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on SKYW shares. StockNews.com started coverage on SkyWest in a report on Thursday, October 5th. They set a “hold” rating for the company. Raymond James upgraded SkyWest from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Thursday, August 31st. Finally, Evercore ISI boosted their price objective on SkyWest from $38.00 to $45.00 and gave the stock an “in-line” rating in a report on Monday, August 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.25.
SkyWest Stock Up 1.7 %
NASDAQ SKYW opened at $47.36 on Tuesday. SkyWest, Inc. has a 1-year low of $14.76 and a 1-year high of $47.48. The company has a market cap of $1.94 billion, a price-to-earnings ratio of -98.66 and a beta of 1.96. The company has a current ratio of 0.96, a quick ratio of 0.86 and a debt-to-equity ratio of 1.23. The company has a 50 day moving average of $41.91 and a 200-day moving average of $39.32.
SkyWest (NASDAQ:SKYW – Get Free Report) last issued its earnings results on Thursday, October 26th. The transportation company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.15. The firm had revenue of $766.20 million for the quarter, compared to the consensus estimate of $756.27 million. SkyWest had a positive return on equity of 0.75% and a negative net margin of 1.06%. The company’s revenue was down 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS. On average, equities research analysts expect that SkyWest, Inc. will post 0.45 earnings per share for the current fiscal year.
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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