SkyWest, Inc. $SKYW Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC grew its position in shares of SkyWest, Inc. (NASDAQ:SKYW) by 2,144.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 44,809 shares of the transportation company’s stock after purchasing an additional 42,813 shares during the quarter. New Age Alpha Advisors LLC owned 0.11% of SkyWest worth $4,499,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of SkyWest by 3.0% during the 3rd quarter. American Century Companies Inc. now owns 1,612,098 shares of the transportation company’s stock valued at $162,209,000 after purchasing an additional 46,744 shares during the period. Public Sector Pension Investment Board increased its position in shares of SkyWest by 10.1% during the 3rd quarter. Public Sector Pension Investment Board now owns 172,424 shares of the transportation company’s stock valued at $17,349,000 after purchasing an additional 15,793 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of SkyWest by 9.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 148,225 shares of the transportation company’s stock valued at $14,883,000 after purchasing an additional 12,635 shares during the period. Teacher Retirement System of Texas increased its position in shares of SkyWest by 189.7% during the 3rd quarter. Teacher Retirement System of Texas now owns 19,044 shares of the transportation company’s stock valued at $1,916,000 after purchasing an additional 12,470 shares during the period. Finally, Y Intercept Hong Kong Ltd boosted its stake in shares of SkyWest by 217.8% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 36,837 shares of the transportation company’s stock worth $3,707,000 after acquiring an additional 25,246 shares in the last quarter. 81.30% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Citigroup reduced their price objective on SkyWest from $101.00 to $95.00 and set a “neutral” rating for the company in a research note on Thursday, April 30th. TD Cowen reduced their price objective on SkyWest from $106.00 to $98.00 and set a “buy” rating for the company in a research note on Monday, April 27th. Weiss Ratings lowered SkyWest from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 18th. Finally, Cantor Fitzgerald set a $122.00 price objective on SkyWest in a research note on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $117.00.

SkyWest Stock Performance

SKYW opened at $84.82 on Tuesday. The firm has a market cap of $3.36 billion, a PE ratio of 8.13, a P/E/G ratio of 1.22 and a beta of 1.48. The company has a quick ratio of 0.51, a current ratio of 0.62 and a debt-to-equity ratio of 0.66. The business has a fifty day simple moving average of $89.31 and a 200-day simple moving average of $96.68. SkyWest, Inc. has a fifty-two week low of $77.89 and a fifty-two week high of $123.94.

SkyWest (NASDAQ:SKYW) last issued 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. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $993.06 million. SkyWest had a return on equity of 15.55% and a net margin of 10.42%.SkyWest’s revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.42 earnings per share. As a group, equities analysts predict that SkyWest, Inc. will post 10.69 EPS for the current fiscal year.

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.