Swiss National Bank Holds Stake in SkyWest, Inc. (NASDAQ:SKYW)
Swiss National Bank held its position in shares of SkyWest, Inc. (NASDAQ:SKYW) during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 21,300 shares of the transportation company’s stock at the end of the first quarter. Swiss National Bank’s holdings in SkyWest were worth $730,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. State Street Corp boosted its position in shares of SkyWest by 9.3% in the fourth quarter. State Street Corp now owns 1,282,438 shares of the transportation company’s stock valued at $46,749,000 after buying an additional 109,346 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in SkyWest by 3.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,542 shares of the transportation company’s stock worth $129,000 after buying an additional 121 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in SkyWest by 6.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 27,860 shares of the transportation company’s stock worth $1,016,000 after buying an additional 1,570 shares during the last quarter. UBS Asset Management Americas Inc. acquired a new position in SkyWest during the fourth quarter worth approximately $245,000. Finally, Teachers Advisors LLC boosted its position in SkyWest by 77.1% in the fourth quarter. Teachers Advisors LLC now owns 198,946 shares of the transportation company’s stock worth $7,252,000 after buying an additional 86,594 shares during the last quarter. Institutional investors own 90.84% of the company’s stock.
Shares of SkyWest, Inc. (NASDAQ:SKYW) traded down 0.82% during midday trading on Tuesday, reaching $36.30. 288,508 shares of the company’s stock traded hands. SkyWest, Inc. has a 12 month low of $25.04 and a 12 month high of $39.85. The firm’s market cap is $1.88 billion. The stock has a 50-day moving average price of $36.62 and a 200 day moving average price of $35.54.
SkyWest (NASDAQ:SKYW) last released its earnings results on Thursday, July 27th. The transportation company reported $0.95 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.08. The firm had revenue of $809.76 million during the quarter, compared to the consensus estimate of $790.14 million. SkyWest had a negative net margin of 4.59% and a positive return on equity of 11.10%. The company’s revenue was up 1.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 EPS. Equities research analysts predict that SkyWest, Inc. will post $3.27 earnings per share for the current year.
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A number of equities analysts recently commented on the company. UBS AG upgraded SkyWest from an “outperform” rating to a “strong-buy” rating and set a $42.00 price target for the company in a report on Thursday, April 13th. BidaskClub cut SkyWest from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Cowen and Company reiterated a “buy” rating and set a $40.00 price target on shares of SkyWest in a report on Monday. TheStreet upgraded SkyWest from a “c+” rating to a “b-” rating in a report on Monday, May 22nd. Finally, Deutsche Bank AG lifted their price target on SkyWest from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and three have assigned a strong buy rating to the company’s stock. SkyWest has an average rating of “Buy” and an average price target of $41.00.
SkyWest Company Profile
SkyWest, Inc, through its subsidiaries, SkyWest Airlines, Inc (SkyWest Airlines) and ExpressJet Airlines, Inc (ExpressJet), operates regional airline operations in the United States. The Company’s segments include SkyWest Airlines, ExpressJet and SkyWest Leasing. The SkyWest Airlines segment provides regional jet service to airports primarily located in the Midwestern and Western United States, as well as Mexico and Canada.
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