Y Intercept Hong Kong Ltd Acquires 25,246 Shares of SkyWest, Inc. $SKYW

Y Intercept Hong Kong Ltd raised its holdings in shares of SkyWest, Inc. (NASDAQ:SKYW) by 217.8% in the 3rd quarter, Holdings Channel reports. The firm owned 36,837 shares of the transportation company’s stock after purchasing an additional 25,246 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in SkyWest were worth $3,707,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Salomon & Ludwin LLC bought a new stake in SkyWest during the 3rd quarter valued at about $38,000. Elevation Point Wealth Partners LLC purchased a new stake in shares of SkyWest in the 2nd quarter worth $40,000. Fifth Third Bancorp grew its position in shares of SkyWest by 38.4% during the 2nd quarter. Fifth Third Bancorp now owns 551 shares of the transportation company’s stock worth $57,000 after buying an additional 153 shares in the last quarter. Blue Trust Inc. increased its stake in shares of SkyWest by 478.6% during the second quarter. Blue Trust Inc. now owns 567 shares of the transportation company’s stock valued at $58,000 after buying an additional 469 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in shares of SkyWest by 118.5% during the second quarter. EverSource Wealth Advisors LLC now owns 625 shares of the transportation company’s stock valued at $64,000 after buying an additional 339 shares during the period. 81.30% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SKYW shares. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of SkyWest in a research note on Thursday. Wall Street Zen cut shares of SkyWest from a “buy” rating to a “hold” rating in a report on Saturday, November 1st. Raymond James Financial raised SkyWest from a “moderate buy” rating to a “strong-buy” rating in a research report on Wednesday, October 1st. TD Cowen cut their price objective on shares of SkyWest from $132.00 to $122.00 and set a “buy” rating on the stock in a report on Monday. Finally, Citigroup began coverage on shares of SkyWest in a research report on Thursday, December 4th. They issued a “neutral” rating and a $112.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $125.50.

Insider Buying and Selling at SkyWest

In other news, Director Meredith Siegfried Madden sold 4,725 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $106.54, for a total value of $503,401.50. Following the sale, the director owned 25,362 shares in the company, valued at $2,702,067.48. This represents a 15.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by insiders.

SkyWest Stock Down 2.3%

SkyWest stock opened at $101.66 on Monday. The business’s 50-day simple moving average is $100.76 and its two-hundred day simple moving average is $105.25. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.61 and a current ratio of 0.71. The company has a market cap of $4.08 billion, a PE ratio of 9.70, a PEG ratio of 0.70 and a beta of 1.66. SkyWest, Inc. has a fifty-two week low of $74.70 and a fifty-two week high of $135.57.

SkyWest (NASDAQ:SKYW) last announced its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.56 by $0.25. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. SkyWest had a return on equity of 17.14% and a net margin of 10.92%.The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same period last year, the business posted $2.16 earnings per share. Equities analysts anticipate that SkyWest, Inc. will post 9.01 EPS for the current year.

SkyWest Company 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.